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Dual Mortgage

We're breaking the rules and launching the first and only Dual Mortgage on the market1.

Calculate new mortgage Bring my mortgage from another bank

  • No, no. No hablamos de una hipoteca mixta
     

    Hablamos de una hipoteca única en el mercado y en la que, a diferencia de la hipoteca mixta, los dos tipos de interés conviven a lo largo de toda la vida del préstamo.

  • Tú decides los porcentajes que quieres destinar a cada tramo: a fijo y a variable

    50 y 50, 30 y 70… La Hipoteca Dual te permite combinarlos como quieras en el inicio, porque tú eres el que elige, el que diseña tu hipoteca.

  • Amortizas cuando quieras y del tramo que quieras
     

    Si decides amortizar anticipadamente, también podrás decidir sobre qué tramo quieres hacerlo, del fijo o del variable, del que más te interese según la coyuntura.

In what circumstances might a Dual Mortgage be in your best interests?2?

If you are not sure whether to choose a fixed or variable rate mortgage.

That's the eternal question. If you choose a Dual Mortgage, you don't have to choose between a fixed or variable rate, softening the possible negative impact of changes in interest rates.

If you're interested in amortising and saving while you pay your mortgage.

With the Dual Mortgage you can make repayments whenever you want, which could be very useful if either of the two tranches no longer suits you.

Want to see an example of a Dual Mortgage with your own sums?

  • Who can apply for a Dual Mortgage?
    Natural persons residing in Spain.
  • What kind of home is it for?
    The mortgage must be for the purchase of a primary residence or second home.
  • How much can I ask for?
    80% for the primary residence and 60% for a second home, using as the benchmark the lesser of the purchase value and the appraisal value.
  • What is the maximum term for repayment?
    30 years, provided that none of the holders are over 75 at the end of the term.

Don't think twice.

See What's the difference between the Mixed Mortgage and the Dual Mortgage? What's the difference between the Mixed Mortgage and the Dual Mortgage?

With the Dual Mortgage you can combine variable and fixed interest at the same time, however you choose to split it, from day one. With this mortgage you'll have the peace of mind of the fixed rate while taking advantage of the opportunities of the variable rate. You'll have one monthly payment with the breakdown of the variable part and the fixed part.

With the Mixed Mortgage, for the first years the interest is fixed and then it becomes variable. The initial period with the fixed rate could last up to 25 years (or the number of years you choose) and for the remaining years the rate will be variable.

With the Mixed Mortgage, you don't pay a fixed rate and a variable rate at the same time, whereas with the Dual Mortgage you do.

See As with any other mortgage, you take out just one loan. As with any other mortgage, you take out just one loan.

We will set up a loan with a single deed and a single register entry.

See You choose the percentages to be allocated to each section when you arrange the loan. You choose the percentages to be allocated to each section when you arrange the loan.

When you take out the loan, you decide the different percentages to be maintained for the duration of the loan. These cannot be changed unless you make early repayments.

See You can make early repayments on the section of your choice. You can make early repayments on the section of your choice.

This is one of the advantages of the dual loan: you can choose to repay the section that best suits you: fixed-rate, variable-rate or both.

See The expenses are the same as those applicable to a traditional mortgage. The expenses are the same as those applicable to a traditional mortgage.

The expenses that you assume as a customer are exactly the same as the expenses inherent to any other mortgage.

See As part of each month's instalment, you will receive a breakdown of the amount corresponding to each section. As part of each month's instalment, you will receive a breakdown of the amount corresponding to each section.

As just one loan, only a single, indivisible charge is made to the same account, but, to help you control your expenditure, it is clearly itemised.

 

When a question arises, a conversation begins. Shall we talk?

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Call us on 900 810 017

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Useful information

  • VIEW DUAL MORTGAGE PRE-CONTRACT FACTSHEET