Example for a €150,000 mortgage with a fixed term of up to 20 years and a maximum term of 25 years.
Without having to choose
A mortgage that combines a fixed interest rate in the first few years followed by a variable interest rate for the rest. Enjoy the flexibility of this mortgage.Free simulation and tailor-made offer.
Calculate your monthly payment in just 3 minutes and receive a personalised quote, with no commitment.Personal manager
You will always have the support and guidance of a dedicated personal manager when securing your mixed mortgage.
You can improve the interest rate on your mortgage by meeting certain conditions.
Some Bankinter products reduce and improve the interest rate on your mortgage. There's no obligation to arrange them, but you'll pay less for your mortgage if you do:
- Opening a Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount (discount of 0.60 percentage points).
- Comprehensive home insurance with a 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, arranged with Generali Seguros y Reaseguros, S.A.U. and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).
- and/or Pension Plan/EPSV (discount of 0.10 percentage points).
Compliance with eligibility for discounts will be reviewed annually.
No commitment
Without adding anything to your mortgage
Management, registration, notary expenses and stamp duty.
Applying for your mortgage is really easy, with just three simple steps.
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Calculate your mortgage
Just enter the amount and term to find out your monthly repayment and taxes, etc. for the different types of mortgages.
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Request your personalised offer
We'll ask you for some additional information so that we can put together a detailed offer that suits your circumstances.
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Signed
When we send you your personalised offer, we'll tell you which documents you need to provide for that long-awaited moment: signing on the dotted line.
Offer valid until the total amount offered (25 million euros) has been reached.
Frequently asked questions about the Bankinter Mixed Mortgage
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 is the maximum and minimum amount I can request?
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.
What is the maximum number of years?
The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.
What are the expenses related to this mortgage?
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).
How long are these conditions valid for?
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.
Who can apply for a fixed-rate mortgage?
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.
can I request a mortgage if I am a foreigner or non-resident?
Ask about our conditions for foreigners and non-residents. Should we call you?
What are the differences between a fixed-rate, a variable-rate and mixed mortgage?
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.
What are the differences between a mixed mortgage and a 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.
What is the difference between interest rates with and without discounts?
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.
How can I improve the interest rate?
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.
What happens if I don't renew the products and services that improve the interest rate?
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.
What documents do I need to supply to apply for a mortgage?
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.
What if I want to transfer my mortgage from another bank?
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.
At Bankinter, we help you understand the small print that is so hard to read.
Important information
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The monthly instalments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding instalments in the transaction, minus 1, all multiplied by the principal pending repayment ("interest" is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).
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The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, the variable APR may change with interest rate reviews, and may also vary depending on the mortgage amount and term. The variable APR has been calculated under the premise that there will be no partial or total cancellation during the time the credit facility is in place. The variable APR does not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.
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La concesión de la hipoteca está sujeta a la aprobación de la solicitud por parte de Bankinter, S.A. Esta oferta de hipoteca está condicionada a unos ingresos totales de los titulares superiores a 2.500€ mensuales.
En caso de que el Cliente incumpliera sus obligaciones frente al Banco, además de poder perder la vivienda, la responsabilidad de éste y del resto de intervinientes de la operación, se extenderá a todos sus bienes presentes y futuros
Oferta válida hasta el - o hasta alcanzar el importe ofertado (25 millones de euros).
El importe del préstamo no podrá ser superior al 80,00% del menor de los dos valores: valor de compra o valor de tasación de la vivienda, y hasta el 60,00% en segunda vivienda. Duración máxima de la hipoteca 30 años, siempre que ninguno de los titulares supere los 75 años al finalizar la vida del préstamo.
Important information
-
The monthly instalments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding instalments in the transaction, minus 1, all multiplied by the principal pending repayment ("interest" is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).
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The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrowers have a total income of over €2,500 a month.
If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.
Offer valid until - or until the total amount offered (€25 million) has been reached.
The loan amount may not exceed 80.00% of the lower of the two values: the property purchase value or appraisal value. In the case of second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.