Mixed mortgage

The loan amount may not exceed 80% of the lower of the property's purchase value or appraisal value for primary residences and 60% for second homes.

The minimum is 60,000 euros.

The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.

The customer pays the appraisal cost and the arrangement fee of 500 euros.

The Bank will pay the expenses of the Notary, registry, management agency and stamp duty (the amount of which varies depending on the autonomous community where the mortgage is arranged), except in the Autonomous Community of the Basque Country (where the customer pays such costs, except for the acquisition of a primary residence which is exempt from this tax).

Offer valid until -- or until the total amount offered (25 million euros) has been reached. The mortgage is provided subject to the application being approved by Bankinter, S.A.

Exclusive conditions for individuals who are resident in Spain and looking to buy their primary residence or second home. For holders with a monthly income of more than €2,500.

Ask about our conditions for foreigners and non-residents. Should we call you?

The most important difference between a fixed-rate, a variable-rate and a mixed mortgage is the way in which you will pay it. This difference also affects the financial conditions. If you don't know which to choose, focus on three aspects: the interest rate, the term and the instalments.

With a fixed-rate mortgage, the interest rate remains the same throughout the life of the mortgage. This is handy because you'll always know how much your monthly intalment is and you won't get any nasty surprises if the benchmark (usually the Euribor) rises. However, the repayment period for a fixed-rate mortgage is usually shorter, meaning that the instalments are usually higher.

With a variable-rate mortgage, the interest rate depends on the benchmark index and a fixed spread. This means that your monthly instalment may rise or fall depending on the benchmark index. The interest rate is usually updated every six months. However, the repayment term for a variable-rate mortgage is usually longer, meaning smaller instalments.

Lastly, a mixed mortgage combines a fixed-rate monthly instalment for the first few years and the remaining years at a variable rate. During the first year, approximately, a variable-rate mortgage also has a fixed initial interest, after which the benchmark index is combined with the spread.

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.

We offer optional products and services as a package for the customer when arranging the mortgage. If the customer does not want these combined products and services, the spread or interest rate increases, depending on whether it is a variable- or fixed-rate mortgage.

The interest rate varies depending on the term you choose and the discounts applied.

The following products are optional. However, if they are not included the rate applied will be increased by the percentage points corresponding to the sum of each of the products not included.

• Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
• Life insurance covering the full mortgage amount, arranged with Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).
• Seguro Multirriesgo Hogar with minimum content coverage of €30,000.00 and structure coverage at least equivalent to the appraisal value of the property for insurance purposes, pursuant to Order ECO805/2003 of 27 March, taken out with Liberty Seguros, Compañía de Seguros y Reaseguros, S.A. and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).
• Pension plan/voluntary pension scheme: have a pension plan/voluntary pension scheme in place with the company Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire term of the loan and make a minimum annual contribution to it of €600 (bonus of 0.10 percentage points).

Checks will be made each year to ensure that the requirements for receiving the discount have been fulfilled.

If you include these products and subsequently cancel or fail to renew them, the initial spread or interest rate of the mortgage will increase for your future mortgage repayments.

The bank will usually request the following information: the ID number of the applicant(s) for the mortgage loan, the deeds of other properties owned, the personal income tax return for the last year, the deposit contract or deposit, if it has already been signed, etc. And the best thing is that you can simulate your mortgage and ask us for a personalised offer. One of our managers will help you in this process and will ask you for the documents needed in your case. Help will be available at all times.

Consult our mortgage subrogation simulator. You can assess and compare, at a glance, the cost of your current mortgage with Bankinter's different options. With no commitment. All we need are a few simple details.