El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 1299. REFUND! IRPH-entidades mortgage? refund+ no more interests
Friday, May 15, 2015 @ 2:12 PM

You may have a right for no further interests for your Spanish mortgage debt

Oh, dear, tell me more:

Simple: Commercial Court No. 1 of San Sebastián has recently declared null and void a clause on interests in an IRPH-Entities mortgage. Bank needs to refund interests charged by this index and to stop applying it.

AND: IMPORTANT!!: as not having a replacement rate, the loan, which was signed for 25 years will have a zero interest, so that those affected will no longer pay interest on that moretgage locan.

There might be more than a million families affected by this index, why not you?

Email our Law office and we will send FREE INITIAL LEGAL APPRAISAL you on this

The Green Throat and, to the end, Algodonales, Cádiz, South of Spain, at facebook.com

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2 Comments

marcbernard said:
Friday, May 15, 2015 @ 6:47 PM

Maria
Is there a difference between IRPH CAJAS loans and the ones mentioned above?

mariadecastro said:
Monday, May 18, 2015 @ 11:44 AM

IRPH Banks

(Índice de Referencia de Préstamos Hipotecarios de Bancos- Reference Index of Banks Mortgage Loans) Average rate of mortgage loans for more than three years and for purchasing of free housing which has been granted by Banks during the month refered by the index).

Último valor: 3,267 %
Septiembre 2013

IRPH Cajas

(Reference index of Morgage loans by savings banks) Average rate of mortgage loans for more than three months and for the purchase of free housing which has been granted by saving banks during the month refered in the index

Último valor: 3,940 %
Septiembre 2013

IRPH Conjunto Entidades

( Reference index of Mortgage loans of all Financial Entities) Average rate of mortgage loans for more than three months and for the purchase of free housing which has been granted by saving banks and banks during the month refered in the index

Último valor: 2,324 %
Marzo 2015

First two ones were extinguished in October 2013
A recent Court Decission, January 2015 has set the third one as null and void

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Maria
Lawyer. Director of the Costaluz Lawyers team. Useful legal tips for an easy way in Spain. www.costaluzlawyers.es

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