What is the IRPH?
The IRPH is a mortgage loan interest rate index developed by the Bank of Spain. It functions as an alternative to the Euribor and is based on the average interest rates applied to mortgages granted by institutions, banks, and savings banks.
Why file a claim?
The Court of Justice of the European Union (CJEU), in its ruling of December 12, 2024, established that for an IRPH clause to be valid, the consumer must have received adequate information about the index, including its calculation, its historical evolution, and its comparison with other indices such as the Euribor.
Do you have a mortgage linked to the IRPH?
If you have a mortgage linked to the IRPH, you may have suffered an extremely high interest rate.
- You are not alone.
- Get informed and act.
- Recover about €30,000.
How much you can recover
If this transparency requirement was not met, consumers can claim and potentially recover a significant amount of money, which varies depending on each mortgage, with an average of around €37,000.