In 2009 and 2012, we increased the variable surcharge for Euribor mortgages. A number of customers did not agree with this increase. They have asked the courts for a ruling, either personally or through class action foundations.
This page tells you the latest developments and the background to the legal proceedings.
In summary: the surcharge will lie between 1% and 1.2% up to the end of the mortgage term.
In addition, as a customer of the bank, you can convert your Euribor interest free of charge at any time or make extra mortgage repayments without incurring a fine.
Customers who are eligible for a personal offer received a letter from us in mid-March, even those who are not donors of Stichting Euribar and/or Stichting Stop de Banken. We are also approaching customers who had a mortgage with the Euribor interest rate with us in the past, and customers who previously lost a court case against us on this issue.
Consequences of accepting the offer
If you accept the personal offer, we will refund the proposed amount to you. In addition, you know what Euribor surcharge will be applied. However, you waive your right to litigate against the bank regarding surcharge changes.
Possible Euribor replacement
In the future, it may be the case that we are no longer allowed to use the 1-month Euribor, for instance due to changes in legislation and/or regulations. Euribor currently satisfies the regulations, which is why we are still using it. If this changes, we will contact you. To be clear: any replacement of the 1-month Euribor is not part of the personal offer.
