How to know if you have IRPH on your mortgage and how the next CJEU ruling will affect you
If you are one of the million mortgaged, approximately, who arranged your loan linked to the IRPH, the next European Court Judgment, which is expected to be known in the fall, can affect your pocket and it is important to remain alert to the ruling.
There are many borrowers who do not know for sure if their loan is based on Euribor or IRPH. How to know? It is easy. In the Mortgage Loan Deed you will find in the third clause, generally, a heading entitled "Variable interest rate". This section refers to the fact that the interest rate of the mortgage will vary annually, adding a percentage to the reference index of mortgage loans called IRPH, known as "average rate of mortgage loans for more than three years for housing acquisition. free of the set of credit entities ".