Court Ruling over Spanish Mortgages
|EUROPEAN COURT OF JUSTICE TO RULE ON SPANISH MORTGAGES TIED TO IRPH INDEX ON THE 3RD MARCH 2020
Our trusted financial advisers, Fluent Finance have written today about the imminent court ruling over Spanish Mortgages.
The European Court of Justice (ECJ) is set to publish their final ruling on whether Spanish mortgages which have or which had their interest rates set & calculated based on the IRPH index (Índice de Referencia de Préstamos Hipotecarios) are to be deemed abusive. These mortgages could then be deemed unfair, nontransparent and therefore an abuse of the consumer.
This ruling would determine whether Spanish lenders will be forced to refund their clients for overcharging them for many years, which is why we feel it is important to inform our contacts.
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