Real Estate BOE Importance: 4/10

Bank of Spain publishes reference rates for calculating compensation in early mortgage cancellations

10 Jun 2026 Effective: 10 Jun 2026 27 views
Who is affected:
Holders of fixed-rate mortgage loans who cancel their mortgage early

Summary

The Bank of Spain updates the IRS indices for May 2026 to calculate compensation for interest rate risk in mortgages cancelled early. The rates range from 2.629% at one year to 3.275% at twenty years.

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The Bank of Spain publishes these IRS (Interest Rate Swap) indices monthly in accordance with Circular 5/2012, of 27 June. They are essential for financial institutions to calculate compensation for interest rate risk when a customer cancels a fixed-rate mortgage early. For May 2026, the one-year IRS stands at 2.629%, …

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Full official title

Resolución de 1 de junio de 2026, del Banco de España, por la que se publican los índices y tipos de referencia aplicables para el cálculo del valor de mercado en la compensación por riesgo de tipo de interés de los préstamos hipotecarios, así como para el cálculo del diferencial que se ha de aplicar para la obtención del valor de mercado de los préstamos o créditos que se cancelan anticipadamente.

View original source (BOE)

Affected sectors

Self-employed SMEs Construction

Categories

Tax & Revenue Labour & Employment Corporate & Business Data Protection Social Security European Regulations Grants & Subsidies Other Regulations Public Sector Education Energy Agriculture & Fisheries Real Estate

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