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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.
Here are all the details about our Dual Mortgage.
If you are not sure whether to choose a fixed or variable rate mortgage.
Content 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.
Content 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.
Let's build your mortgage together, shall we?
Not a Bankinter customer?
Content Not a Bankinter customer?Already a customer?
Content Already a customer?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.
How does the mortgage request process work?
The entire process is 100% online and comes with expert guidance. Here are the steps:
- 1. Try our free simulator and calculate your monthly repayment.
Use our free simulator to easily calculate how much you can borrow and how long it will take you to pay it back. You'll have all the information in just 3 minutes. Free, no registration required and no commitment.
You'll find out the amount of your monthly instalments, the interest rate, the associated expenses... Everything you need to know about your mortgage. - 2. Receive your personalised quote
The next step, also with no commitment, is to ask us for a quote that is 100% tailored to your actual circumstances. All online, no need to go anywhere. With your actual details, the quote may be better than the simulation and could even give you a pleasant surprise. - 3. Expert guidance and digital signature
With your personalised offer and the support of an expert, you can decide which mortgage best suits you. We'll be by your side throughout the entire process: We'll tell you what documents you need and guide you through the digital signing of your mortgage.
If you're not yet a customer, we’ll open an account for you completely free of charge to manage your 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 monthly 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.
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.
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.
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.
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.
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.