Joint Mortgage

The joint mortgage is a mortgage loan at a fixed rate for up to five years and the rest of the term variable interest rate.

Interest 

The joint mortgage is indexed to Euribor in the variable section. Euribor is one of the types of expertise the mortgage market that the Bank of Spain publishes monthly. 

The interest rate, both fixed and variable tranche tranche is personalized.

In this mortgage the following fees apply: 
- Student: 0% 
- From Opening: 1%

   

Compensation for withdrawal 

In this mortgage the following compensation for termination shall apply: 

- In partial amortization 0.5% the first 5 years. Other years 0.25% 

- Of the total amortization 0.5% the first 5 years. Other years 0.25% 

- In another entity subrogation 0.5% the first 5 years. Other years 0.25%

Compensation for interest rate risk 

In this mortgage the following compensation for interest rate risk shall apply: 2.5%

Conditions 

- Up to 80% of the appraised value for primary residence or 55% if it is a second home. 

- Hiring a home insurance. 

- Recruitment of life insurance. 

- Hiring a payroll account or a business account.

Amount and timing 

Within 30 years.

	Minimum	Maximun
Importe	30.000 euros	600.000 euros
mortgage term	3 years	30 years
term fixed tranche	2 years	5 years

For residence: the loan amount will be up to 80% of the value of homes tasación.En for Public Protection (VPP) the appraised value will be limited by the statutory maximum. 
For second home: the loan amount is up to 55% of the appraised value. In the case of housing Public Protection (VPP) the appraised value will be limited by the statutory maximum.

Amortization 

Amortization is done through constant installments comprising of return of capital and part interest. These fees can be monthly, bimonthly, quarterly or half-yearly. 

For prepayments, the minimum amount to be redeemed is 300 euros.

Documents required 

If you fix your mortgage with us, we need to gather the following documentation 

For employed persons: 

Photocopy of passport / ID or valid residence card. 

Photocopy of the last 3 perceived payroll. 

Copy of latest Income Tax or income tax. 

For self-employed: Photocopy of passport / ID or valid residence card. 

Last 3 Quarterly payments of income tax. (Model 130) 

High in the business tax. (Model 036) 

Copy of latest Income Tax or income tax. 

Regardless of the job you have, you must also submit the following documents to mortgage the property: Private Contract of Purchase and Sale. 

Simple Note date of registration of the ownership of the property. 

Latest receipt of I.B.I. the property to be mortgaged. 

Certificate of the homeowners association, if any, that the property is currently being paid.