Mortgages
Euribor 2026: what to expect if your mortgage review lands this summer
The 12-month Euribor is cooling yet remains 90 bps above 2022 levels. Here’s how to prepare your next conversation with the bank.
Source: 12M Euribor published by Banco de España.
Key takeaways
April closed with an average 3.21% Euribor after three consecutive monthly drops.
- Simulate three scenarios—flat, −50 bps and +50 bps—to anticipate your instalment.
- Check switch fees when moving to fixed: still around 0.15%.
- Negotiate spreads—most lenders quote Euribor +0.60/0.70%.
Why this review packs a double punch
Even if the headline rate falls, the annual average your bank uses remains elevated. The new instalment combines today’s Euribor with the spread you signed, so there’s still a 90 bps gap versus 2021-22.
Work out how much weight each component carries. If your spread is above 1%, consider switching to a fixed or hybrid loan before the negotiation window closes.
Quick tips
- Export the amortization schedule to prove your spotless payment history.
- Bring a competing offer to the table to gain leverage.
Checklist before speaking with your bank
Update your effort ratio by dividing the future instalment by your net income. Keep it under 30% whenever possible.
Project different Euribor paths and remaining term. That way you can request a fixed intro period or prepay principal strategically.
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