Now you can recover the money overpaid for having contracted with your bank a multicurrency mortgage.
An additional clause that you can claim to your bank successfully. Recover what you overpaid and request a mortgage in euros.
What is a multicurrency mortgage?
The multi currency mortgage is a mortgage loan contracted with your bank in a foreign currency. This type of mortgage is referenced by the Libor and not by the Euribor as happens with the mortgages in euros.
How does a multi currency mortgage affect my monthly payment?
If you have a mortgage in foreign currencies, i.e. a currency different from the euro, it implies that the monthly payments of your mortgage will vary depending on the fluctuations of the chosen currency, thus it will also vary the total amount of debt you have with the bank.
The main risk of this type of financial product is that the total debt contracted will increase exponentially when the foreign currency rate increases.
Your multi currency mortgage claim
Can I claim if I have a multi currency mortgage?
Yes, you can, and you must claim. If your bank did not inform you in a clear and comprehensive way about the risks and consequences of this type of loan, then you can claim.