What is compensation for interest rate risk?

Law 41/2007 of December 7, on Regulation of the Mortgage Market, contemplates the collection of compensation for interest rate risk in the cases of subrogation cancellation and non-subrogation, total or partial, of mortgage loans or credits, which occur within a period of interest rate revision whose agreed duration is greater than 12 months.

This compensation, which affects loans and mortgages formalized after December 9, 2007, provided that the mortgage (guarantee) falls on a dwelling and the borrower (debtor) is a natural person or a small company for tax purposes. of companies, tries to compensate the bank when the loan or credit is canceled in advance and the cancellation generates a loss of capital to the entity. In any case, the compensation may not exceed the amount of the loss generated.

In the writing of mortgage loan or credit, it must be contemplated which of the modalities that are indicated next is the one applied for the calculation of the compensation by the risk of interest rate:

1. A fixed percentage that must be applied to the outstanding capital at the time of cancellation.

2. The total or partial loss that the cancellation generates for the entity, calculated according to the difference between the outstanding capital at the time of the early cancellation and the market value of the canceled loan or credit.

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At BBVA we have mortgages that adapt to you. Discover them now by clicking here.

 

As indicated in Law 41/2007 of December 7, for loans or mortgage loans referred to a fixed or variable interest rate whose review period exceeds twelve months, there is no commission for full or partial early repayment- Touch the green $. However, it is possible to agree compensation for withdrawal and/or compensation for interest rate risk.

In relation to the compensation for withdrawal, which establishes a compensation for the loss suffered by a banking entity due to the unilateral withdrawal of the contract , it can be agreed both on loans or mortgage loans at a variable interest rate whose review period is equal to or less than 12 months, as well as for loans or mortgage loans at a fixed or variable interest rate whose review period exceeds twelve months, provided that they have been formalized after December 9, 2007, and the conditions established in the Law 41/2007.

In addition to this compensation, Law 41/2007 of December 7 establishes compensation for the loss suffered by a banking entity due to the unilateral withdrawal of the contract (compensation for withdrawal). In it, the maximum amounts that the bank can receive for this concept are indicated:

– The maximum compensation for amortization within the first 5 years of a life of the mortgage will be 0.50% of the amortized capital.

– The maximum compensation for amortization after the five years of the life of the mortgage will be 0.25% of the amortized capital.

Both compensations for withdrawal and interest rate risk type should be determined in the contract and in the mortgage offer provided by the bank, so it is advisable to be informed in detail of all the conditions of the loan or consult the bank in case of having any doubt.

 

The Government of La Rioja increases by 25% the funding of four research programs developed by the UR

 

 

Vista aérea Universidad de La Rioja UR

Accompanied by the spokesperson of the Rioja Executive, Begoña Martínez Arregui, they have indicated that it is the financing of four research programs aimed at promoting the internationalization and excellence of research in the UR, such as research grants for young people develop their doctoral thesis at the University of La Rioja; grants that complete the research training of young doctors from the University of La Rioja; aid for attracting talent with international training to join the University of La Rioja. Predoctoral contracts are included for the training of research personnel, related to the talent acquisition program; grants to professors of the University of La Rioja for stays in prestigious international centers associated with research projects.

Galiana explained that “the agreement, signed since 2015, will reach this year the largest number of beneficiaries possible, 22 scholarship recipients.” “In addition, the contracts have a maximum duration of four years, the agreement will cover for the first time scholarship holders of all years,” he added.

As detailed, with this agreement, the Government of La Rioja seeks to “encourage and encourage the training and specialization of researchers from the University of La Rioja,” as well as “promote the recruitment of international training talent and encourage stays in centers of recognized prestige for professors associated with research projects “.

HELPS FOR YOUNG PEOPLE WHO DEVELOP THEIR DOCTORAL THESIS IN THE UR

These grants are intended to finance the call for predoctoral personnel training contracts for the realization and development of their doctoral thesis in the UR.

To be able to access these predoctoral contracts, you must hold a bachelor’s degree, an engineer, an architect, a university graduate with at least 300 ECTS credits or a university master’s degree and have been admitted to a doctoral program at the UR.

The Government of La Rioja, through the Ministry of Education, Training and Employment, will contribute up to 21,219.40 euros per year for each predoctoral contract, also financing short stays in other research centers or universities.

HELPS TO COMPLETE THE INVESTIGATIVE TRAINING OF YOUNG DOCTORS

This is a line of aid launched in 2017, through which the Rioja Executive finances up to 39,613 euros per year each contract, up to a maximum of 4 contracts to young UR doctors who have previously been beneficiaries of contracts predoctoral These contracts, one year of full-time dedication, will be developed in foreign R + D + I centers of recognized prestige and in a specific line of research. Exceptionally, they can complete their research training in a Spanish center of recognized prestige.

These grants are intended for research personnel who hold a doctorate degree and who are incorporated as teaching and research staff at the University of La Rioja, with a research profile in two priority areas: Paleontological Heritage and Spanish Language.

The work to be developed consists of preferably research tasks, oriented to obtain a high level of specialization, leading to a scientific production with a high degree of impact. The agreement will allow the hiring for a year (extendable four years) of two researchers with a contribution by the Riojan Executive of up to 61,000 euros per contract.

AID FOR INTERNATIONAL TEACHER STAYS

The fourth program financed through this agreement with the University of La Rioja is aimed at medical professors, with a contractual relationship with the UR and who wish to carry out a stay abroad. The aid may be used to finance the costs of moving and installing in the country, a supplement for residence expenses and expenses incurred by the substitution of the teacher at the University of La Rioja during their stay abroad.

The objective of this line is to increase and strengthen the relationships between research teams belonging to different universities and research centers, as well as to encourage the participation of researchers in mobility calls. These international stays will be associated with a research project and will last between two weeks and three months.

 

How your way of being and thinking affects your consumption

It might seem that our behavior as consumers does not follow any predefined pattern.

It might seem that our behavior as consumers does not follow any predefined pattern.

However, it’s not always like that. Leaving aside the compulsive purchase, which is totally irrational, our way of consuming is affected by a series of very complex and dependent variables.

Have you ever wondered what those variables are and how your way of being and thinking affects your consumption? In this article we will analyze the seven most important variables that influence our way of consuming :

Culture We refer to beliefs, customs, knowledge, moral standards or any other habit acquired by consumers as members of society. Depending on our culture, we will value, to a greater or lesser extent, aspects such as the quality of the products, the honesty of the seller, the environmental protection of the manufacturer …

Social class . The position of the individual in society as a consequence of his level of income, his work, the neighborhood where he lives or the level of education makes him show different values ​​and forms of behavior. Thus, for example, some consumers opt for expensive and exclusive products while others prefer low-cost products.

Social group . We refer to that group of people who share an affinity and exert mutual influence. There are certain values ​​and behaviors that identify the consumer with their reference group and this in turn affects the way they consume. For example, young teenagers, gym users or hip hop fans.

Family There are many types of families, and each of them has different consumption habits: newly formed families, with small children, with emancipated children, divorced … Our needs and consumption decisions vary depending on the type of family to which we belong.

Personality and self-concept . We are at the base of the behavior of the individual at all times. The consumption of an insecure individual is totally different from that of one with clear ideas, in the same way that the consumption of the saving consumer has nothing to do with that of another individual who lacks that value.

Motivation . The force that drives the individual to make a purchase can be physiological, comfort, prestige, self-realization … Each of these cases leads to a totally different buying behavior.

Experience Memory and learning, that is, the individual’s shopping experience, make him repeat those satisfactory behaviors and avoid those that were not. This explains factors such as brand loyalty or always buying in the same establishment.

If we add to these factors the five questions related to every purchase (when buying, how to buy, where to buy, why buy and who buys), we have the perfect cocktail to define the consumption patterns of each person and realize that certainly , our way of being and thinking affects our consumption much more than we thought .