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MIXED-RATE MORTGAGE
Neither black nor white. Neither fixed nor variable.
Get a custom quote Calculate mortgage
Up to 10 years
Fulfilling conditions1
NIR per year fixed tranche3.30%
Variable tranche Euribor +0.75%
Variable APR4.38%
Without fulfilling conditions1
NIR per year fixed tranche4.60%
Variable tranche Euribor +2.05%
Variable APR5.44%
Maximum term of 30 years
Up to 15 years
Fulfilling conditions2
NIR per year fixed tranche3.40%
Variable tranche Euribor +0.75%
Variable APR4.20%
Without fulfilling conditions2
NIR per year fixed tranche4.70%
Variable tranche Euribor +2.05%
Variable APR5.25%
Maximum term of 30 years
Up to 20 years
Fulfilling conditions3
NIR per year fixed tranche3.45%
Variable tranche Euribor +0.75%
Variable APR4.11%
Without fulfilling conditions3
NIR per year fixed tranche4.75%
Variable tranche Euribor +2.05%
Variable APR5.17%
Maximum term of 30 years
Improve your interest rate when you fulfil certain conditions
Some Bankinter products reduce the interest rate on your mortgage. There's no obligation to have them, but you'll pay less for your mortgage if you do: a Salary, Business or Non-Salary account; life insurance covering the full mortgage amount; comprehensive home insurance; and/or pension plan/EPSV.
Ask us for an agreement in principle with no obligation to apply for a mortgage
A mortgage that combines a fixed interest rate with a variable rate.
So how does it work?
During the first years the interest is fixed, and you know the exact amount of your instalments. After this period and until the end of the loan, the interest rate becomes variable.Who can apply?
Exclusive conditions for individuals who are resident in Spain and looking to buy their primary residence or a second home. Applicants must have a monthly income of more than €2,500.Up to 30 years
The maximum repayment term for the fixed-interest tranche is 20 years. The maximum term for repayment of the total mortgage is 30 years, provided that none of the holders are over 75 at the end of the term.
To buy a primary residence or second home
Up to 80% of the value of the primary residence and 60% of the second home, using either the acquisition price or the appraisal value as a reference, whichever is lower.
Don't add more to your mortgage:
- €0 management fees.
- €0 notary fees.
- €0 registration fee.
- €0 stamp duty.
The application process consists of three easy steps.
It's normal to feel a little overwhelmed when you're buying a home. At Bankinter we not only simplify the steps but guide you through them.
1. Calculate your mortgage
Just enter the amount and term to find out your monthly instalments and taxes, etc. for the different types of mortgages.2. Personalised offer
We'll ask you for some additional information to put together a detailed offer that fits your situation.3. Signature of your mortgage agreement
When we send you your personalised offer, we'll tell you the documents to provide for that long-awaited moment: signing on the dotted line.See Mixed mortgage terms and conditions Mixed mortgage terms and conditions
The Mixed Mortgage is a mortgage loan that combines an initial fixed-rate period with a second variable-rate period until the maturity of the loan.
The initial fixed-rate period may have a maximum duration of up to 20 years (the number of years can be chosen).
Terms and conditions
To buy your primary residence or second home.
For individuals resident in Spain (contact us for terms and conditions for non-residents) whose total income exceeds €2,500/month.
Up to 80% of the value of the primary residence and 60% of the second home, using the lower of the appraisal value or the purchase value as the benchmark.
Interest rates
The interest rate varies depending on the fixed tranche chosen:
Up to 10 years
Fulfilling terms and conditions1:
Fulfilling terms and conditions2:
Fulfilling terms and conditions1:
- 3.30% NIR
- 4.38% Variable APR
- 4.60% NIR
- 5.44% Variable APR
Fulfilling terms and conditions2:
- 3.40% NIR
- 4.20% Variable APR
- 4.70% NIR
- 5.25% Variable APR
Up to 20 years
Fulfilling terms and conditions3:
Fulfilling terms and conditions3:
- 3.45% NIR
- 4.11% Variable APR
- 4.75% NIR
- 5.17% Variable APR
Interest rate for the variable tranche fulfilling terms and conditions: Euribor + 0.75%.
Interest rate for the variable tranche without fulfilling terms and conditions: Euribor + 2.05%.
'Fulfilling terms and conditions' refers to holding the following products with the Bank:
Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
Life insurance covering 100% of the mortgage amount, taken out with Bankinter Seguros de Vida, S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).
Comprehensive Household Insurance with a minimum content coverage of €30,000 and a structure capital equivalent to the appraisal value of the property for insurance purposes, contracted with Liberty Seguros and brokered by Bankinter, S.A., Operador de Banca-Seguro (discount of 0.30 percentage points).
Pension Plan/EPSV: Have a pension plan/EPSV in place with Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire mortgage term and make a minimum annual contribution to it of €600 (discount of 0.10 percentage points).
These products are optional for the customer, but if they are not acquired the rate applied when terms and conditions are fulfilled will be increased by the percentage points corresponding to the sum of each of the products not acquired.
Contract amount and term
Minimum amount of €60,000.
Maximum term of 30 years.
Arrangement fee
The arrangement fee is €500.
Mortgage expenses
The customer will pay the appraisal costs. 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).
The mortgage is provided subject to the application being approved by Bankinter, S.A.
Plus
Fixed? Variable? Mixed?
Find answers to all your questions about buying a house and taking out a mortgage.Calculate your mortgage in just one minute
You only need a minute: tell us the numbers and we'll do the maths. Our mortgage calculator will help you find the mortgage you are looking for.Mortgage expenses calculator
No commitment and in the space of a minute. Calculate the expenses of buying a home and taking out a mortgage.
The variable interest rate will be reviewed annually.
Offer valid until the total amount offered (25 million euros) has been reached.
Offer valid until the total amount offered (25 million euros) has been reached.
IMPORTANT INFORMATION
- VIEW THE MIXED MORTGAGE PRE-CONTRACT FACTSHEET
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Show/Hide legal text1 Mixed mortgage with fixed rate for first 10 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,38%. Monthly instalment first 10 years: €734.94, monthly instalments for remaining years of €814.68, and a final payment of €816.14. Arrangement Fee: 500,00€. Total interest: 84.836,66€. Interest rate during the first 10 years: 3,30%. (120 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €247,354.47. Total cost: 97.354,47€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.
This variable APR was calculated taking into account:
- Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.
- Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.
-Appraisal costs: 249,56€.
The interest rate is subject to the condition that the following products be arranged with Bankinter:
- Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount, taken out 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).
- A pension plan/EPSV have a pension plan/EPSV 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 of €600.00 (discount of 0.10 percentage points).
Compliance with discounts will be reviewed annually.
These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,44%. Monthly repayment instalment first 10 years: 842,29€. Monthly repayment during the remaining years: €930.22 and a final instalment of €929.44. Arrangement Fee: 500,00€. Total interest payable: €118,513.62. Interest rate during the first 10 years: 4,60%. (120 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 2.05%, reviewed annually. Total repayment amount €274,587.18. Total cost: 124.587,18€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.
The monthly payments (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 payments in the transaction, minus 1, all multiplied by the capital 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).
The variable APRs have been calculated taking into account the following:
1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions agreed in the mortgage agreement.
2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.
3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have 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 APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.
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 potentially losing their home, their liability and the liability of any other parties involved in the loan will extend to all of their current and future assets.
Offer valid until 15/10/2023 or until reaching the total amount for the offer (25 million euros).
The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For 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.
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Show/Hide legal text2 Mixed mortgage with fixed rate for first 15 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,20%. Monthly instalment first 15 years: €742.91, monthly instalments for remaining years of €794.14, and a final instalment of €793.87. Arrangement Fee: 500,00€. Total interest: 79.020,33€. Interest rate first 15 years: 3,40%. (180 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €241,538.14. Total cost: 91.538,14€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.
This variable APR was calculated taking into account:
- Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.
- Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.
-Appraisal costs: 249,56€.
The interest rate is subject to the condition that the following products be arranged with Bankinter:
- Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount, taken out 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).
- A pension plan/EPSV have a pension plan/EPSV 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 of €600.00 (discount of 0.10 percentage points).
Compliance with discounts will be reviewed annually.
These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,25%. Monthly repayment first 15 years: 850,87€. Monthly repayment during the remaining years: €908.08 and a final instalment of €907.59. Arrangement Fee: 500,00€. Total interest payable: €112,125.71. Interest rate first 15 years: 4,70%. (180 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 2.05%, reviewed annually. Total repayment amount €268,199.27. Total cost: 118.199,27€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.
The monthly payments (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 payments in the transaction, minus 1, all multiplied by the capital 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).
The variable APRs have been calculated taking into account the following:
1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions agreed in the mortgage agreement.
2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.
3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have 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 APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.
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 15/10/2023 or until reaching the total amount for the offer (25 million euros).
The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For 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.
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Show/Hide legal text3 Mixed mortgage with fixed rate for first 20 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A., based on the following features::
Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,11%. Monthly repayment first 20 years: €746.92, monthly instalments for the remaining years of €772.44, and a final instalment of €772.29. Arrangement Fee: 500,00€. Total interest: 75.607,05€. Interest rate first 20 years: 3,45%. (240 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €238,124.86. Total cost: 88.124,86€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.This variable APR was calculated taking into account:
- Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.
- Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance
-Appraisal costs: 249,56€.
The interest rate is subject to the condition that the following products be arranged with Bankinter:
- Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount, taken out 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).
- A pension plan/EPSV have a pension plan/EPSV 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 of €600.00 (discount of 0.10 percentage points).
Compliance with discounts will be reviewed annually.
These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,17%. Monthly repayment first 20 years: 855,18€. Monthly repayment during the remaining years: €884.01 and a final instalment of €884.20. Arrangement Fee: 500,00€. Total interest payable: €108,283.99. Interest rate first 20 years: 4,75%. (240 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Euribor (4.073% BOE 02.09.2023) + a spread of 2.05%, reviewed annually. Total repayment amount €264,357.55. Total cost: 114.357,55€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.
The monthly payments (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 payments in the transaction, minus 1, all multiplied by the capital 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).
The variable APRs have been calculated taking into account the following:
1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions agreed in the mortgage agreement.
2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.
3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have 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 APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.
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 15/10/2023 or until reaching the total amount for the offer (25 million euros).
The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For 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.
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