Variable mortgage

The variable mortgage is a mortgage tied to Euribor, which is one type of expertise the mortgage market that the Bank of Spain publishes monthly.

This mortgage is indexed to Euribor, which is one type of expertise the mortgage market that the Bank of Spain publishes monthly.

Interest

	Tipo de interés
Primer año	Tipo fijo del 2,90%
Resto años	Euríbor + 1,95%

TAEVariable 3,44%⁽¹⁾

TIN primer año 2,90%⁽²⁾

Commissions 

In this mortgage the following fees apply: 

- In opening: 0%

Compensation for withdrawal 

In this mortgage the following compensation for termination shall apply: 

- In partial or full redemption: 0% 

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

conditions 

- For new mortgages 

- For individuals resident in Spain 

- For purchase of residence 

- Up to 80% of the value of the residence that mortgage 

Amount and timing 

The maximum term is 30 years.

	Mínimo	Máximo
Importe	30.000 euros	600.000 euros
Plazo	3 años	30 años

  

Amortization 

Depreciation is provided through constant monthly installments comprising of return of capital and part interest. These fees can be monthly, bimonthly, quarterly or half-yearly. The fee remains constant during the year, only amending: 

- When you check the interest rate and returns to remain constant during the following year (French system of depreciation). 

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) 

- Inclusion in the Business Tax (Form 036). 

- Copy of latest Income Tax or income tax. 

Regardless of the job you have, you must also provide the following documents of the property to be mortgaged: - Private Contract of Purchase and Sale. 

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

- Last receipt of I.B.I. the property to be mortgaged. 

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