MANAGE OR REJECT COOKIES.
Welcome to Bankinter! We will explain everything that you need to know in detail below, so that you can assess whether you are interested in subrogating your mortgage and bringing it to Bankinter.
Nothing commits you to your current bank: You do not need their authorisation. It is much simpler and quicker than you think.
You could achieve great savings: think of the years you have left to pay.
If you think the numbers add up, the sooner you do it, the sooner you will start saving.
Subrogating your mortgage is much easier than you might think.
1. Contact us
You can do it on our website, via Telephone Banking or, of course, from our offices. We will tell you what documents we need to prepare our offer for you. The important thing is that before starting the surrogacy you have zero doubts.
2. We will confirm the new terms and conditions
We will do so through what is known as a "binding offer", an approved format where our offer is specified with all the conditions and expenses of the operation.
3. It's time to compare which mortgage is best for your needs
With the binding offer in hand, you can compare the two mortgages and see where you can improve and where you can save.
4. We sign the mortgage and that's all!
For this we must respect the three weeks established by the Real Estate Credit Contract Law. From that moment on, we will be able to close the mortgage exchange transaction with the new signature.
Stop worrying about it and leave your doubts behind.
Start by comparing mortgages: fixed, variable or mixed-rate.
These are the most common reasons for subrogating a mortgage. Surely there are yours too.
Improve interest rate
With subrogation you have the option of improving the interest rate, because perhaps the situation of the markets, or your situation, has changed.
For example, those that you could have for making early repayments.
Subrogate to your seller's mortgage
If you are going to buy a house that has a Bankinter mortgage, subrogation is a good option, because you will save on expenses.
Remember that you do not need any authorisation from your bank to change your mortgage or to transfer the possible associated products.
Modify the return period
If you are doing well or not so well, surrogacy allows you to shorten or lengthen the repayment period.
Are you thinking about expenses?
That's normal, because it is almost certainly what will define whether the operation is profitable or not. In a surrogacy there are two types of expenses, some that we assume for the most part, and others that will depend on your bank and the conditions that you signed. Let's review them:
Expenses from your old mortgage
Those that your current bank could apply. You will have to check what agreements you reached and what you signed. These are the most common expenses that could apply and that will have to be taken into account:
Subrogation fee or change of the mortgage bank.
Early repayment fee.
Fee for interest rate risk compensation.
New mortgage costs
These are the expenses that the signing of a new mortgage entails and that we would mostly assume. We need to check:
Constitution of the mortgage agreement: Bankinter.
1. Who is the data controller?
The data controller is Bankinter, S.A. (hereinafter referred to as 'Bankinter') with Tax ID No. A28157360 and registered office at Paseo de la Castellana 29 (28046 Madrid).
2. For what purposes do we process your data?
The data you provide us with will be processed to receive information about the corresponding request and, as applicable, formally enter into a contract for the product of interest to you.
3. What are the legitimate bases for processing your data?
The legal basis for fulfilling the purpose set out in the above section will be the processing of the request for information. Therefore, any refusal to supply the personal data requested, or the submission of inaccurate or incomplete data, could therefore render it impossible to provide you with the service. Customers are responsible for ensuring the truthfulness of the data provided, and for notifying Bankinter of any modification thereof.
4. Who will receive your data?
The data provided will not be transferred to third parties, unless there is a legally obligation to do so.
5. For how long will we process your data?
Unless you have stated otherwise, we will keep your data for a period of six months. As soon as they are no longer necessary for the purposes described above, the data will be blocked for the period for which they may be required for carrying out, or defending, administrative or legal actions, and they may only be unblocked and processed again for this purpose. Once this period has elapsed, the data will be cancelled definitively.
6. What are your rights in relation to the processing of your data?
You may exercise your rights at any time to access, rectification, erasure, opposition, restriction of processing and portability of the data in the circumstances and scope established by the applicable legislation currently in force. To exercise your rights, please contact us by writing to the following address: Bankinter, S.A. Operaciones- Protección de Datos. Calle Pico San Pedro, 1. Tres Cantos. Madrid. 28760, enclosing a copy of your national ID or any other identifying document. Please note that you also have the right to lodge a claim with the Spanish Data Protection Agency.
7. Where can I obtain further information about data processing?
You can get further information about how Bankinter processes your data at this
Do you have any questions? Here you have all the answers.