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NEW
Dual Mortgage
Discover the first and only dual mortgage on the market.1
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No, no. This is not just any mixed mortgage
This is a one-of-a-kind mortgage that, unlike a normal mixed mortgage, combines the two interest rates over the entire life of the loan.
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You choose the percentages to be allocated to each section: Fixed and variable
50 and 50, 30 and 70... The Dual Mortgage allows you to combine them, however, you choose at the outset, because you design your mortgage.
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Repay when you want and against the section of your choice
If you decide to make an early repayment, you can decide which section to make the repayment on, the fixed or variable part, whichever most interests you at the time.
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.
I'm looking for a mortgage
Put your numbers into our calculator to discover the best mortgage for your circumstances.
With our calculator you can work out the monthly instalments and related expenses of your mortgage.
Got a mortgage and want to bring it to Bankinter? Use our mortgage subrogation calculator to see an example of the Dual Mortgage with your own numbers.
- 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 mixed mortgage, you don't pay a fixed interest rate and a variable rate at the same time, but rather a fixed rate for the first few years and then a variable rate for the remaining years You can choose the number of years for the initial period at the fixed rate, and then you will pay a variable rate for the remaining years.
With the dual mortgage, each montly instalment includes both rates of interest. You can personalise the proportion of the monthly payment at fixed-rate conditions and the proportion at variable-rate conditions, depending on what suits you best.
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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From 8:00 to 18:00 Monday to Friday.Would you prefer to come into one of our branches and chat face to face?
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Useful information
- VIEW DUAL MORTGAGE PRE-CONTRACT FACTSHEET
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Show/Hide legal text1 Source: Inteliens. Comparative study carried out at the beginning of September 2023 of 16 financial institutions, on the conditions of mortgage products, which concludes the following: no institution in the analysed universe allows customers to choose the distribution between the percentage allocated to a fixed rate and the percentage allocated to a variable rate. The sources of information were: the Inteliens competitor monitoring financial observatory (Individual Retail Banking), public and private websites, visits to branches as a prospect and calls to financial institutions as a areal customer. Read the study here.
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Show/Hide legal text2 The maximum percentage allocated to each of the settlement tranches may not exceed 90%, and the sum of both tranches must not exceed 100% of the loan's nominal amount. Offer for new mortgages.