During the last year, absolutely all banks in Spain have made their fixed mortgages more expensive. The rise has been more than considerable: according to the financial comparator HelpMyCash.com, the average interest on these products has gone from being close to 1.50% to around 3.50% in just 12 months. And there are already entities that are beginning to offer fixed rates above 4%, although they are still a minority.
Now, despite this significant increase in cost, lovers of stability can still get a fixed mortgage at a good price.
In the case of EVO Banco, the interest on its fixed-rate Smart Mortgage is from 2.80% for a maximum term of 30 years. To achieve this, yes, the client must hire various services or products from the bank: domicile a minimum income of 600 euros and subscribe to the home and life insurance proposed by the entity. If none of these conditions are met, the interest applied will be 3.20%.
This fixed mortgage does not have an opening commission, but it does include a compensation for partial or total early repayment of 2% (1.50% from the eleventh year). With this loan you can finance up to 80% of the appraised or sale value of a habitual residence (the lowest) and up to 60% of that of a second residence.
The BBVA Fixed Mortgage, according to HelpMyCash analysts, has interest from 2.80% if the repayment term does not exceed 15 years or from 2.90% if it is greater than 15 years (up to a maximum of 30 ). In both cases, the guy is subsidized for domiciling a salary of at least 600 euros per month and for taking out home and life insurance from the bank. If none of these requirements is met, the interest will go up by up to one percentage point.
BBVA, like EVO Banco, does not charge an opening commission and does apply compensation in the event of total or partial early repayment, the cost of which is 2% of the advance payment (1.50% if it occurs after the eleventh year of life of the mortgage). This entity offers to finance up to 80% of the sale or appraisal value of a habitual residence (the lesser of the two) or up to 70% of that of a second residence.
Unicaja is the third bank that offers interest below 3%. Specifically, the rate of your Fixed Mortgage is 2.95% during the first semester and from 2.85% for the rest of the term, the latter subsidized for direct depositing a minimum salary of 2,500 euros per month, for contracting the insurance of home and life of the entity and for opening one of its pension plans. If the client rejects all these links, the interest goes up by up to one percentage point.
This mortgage loan does include an opening commission, the price of which is 0.15% of the amount granted. In addition, in case of total or partial early repayment, the bank will charge a compensation of 2% (1.50% from the eleventh year). Unicaja offers to finance up to 80% of the lower value between the sale and appraisal value, with a maximum term of 30 years (70% and 25 years if a second residence is acquired).
