MANAGE OR REJECT COOKIES.
Both mortgage costs and costs associated with buying the house!
There are two types of expenses, they are both different and they are not to be confused. There are expenses associated with the mortgage and expenses associated with buying the home. In some cases they are common, but the most important thing is to know what they are and how to calculate them. Our smart mortgage simulator will do the maths for you and also break down the different items.
Simulate the expenses associated with the purchase and with the mortgage.
It will only take a minute.
You won't get confused because the simulator does the calculation in just one step.
Some expenses are borne by the bank
These are the expenses that you will not have to add to your Bankinter mortgage. This is because we take care of them.
Zero management expenses
€0 registration fee.
Zero notary expenses.
Zero stamp duty.
Now that you know what the expenses are, you will be wondering: what exactly are they for?
We will explain them one by one.
It is the market value of the house and considers variables such as location or surroundings. The price will influence the percentage granted to you in the loan.
They are notary fees for recording the purchase of the house and the signing of the mortgage loan in a public deed.
Registro de la Propiedad
Once you have the deeds, you need to register the house with the Land Registry in the town or city where it is located. It is one more piece of official evidence that shows that you have bought the home
IAJD (stamp duty)
Stamp duty (IAJD) varies depending on each autonomous community and is calculated based on the amount that appears in the notarial deed. It is common to all types of housing, new or second-hand.
If the house is a new build, you will have to take VAT into account. In general terms, this is 10% of the cost of the house. However, there are some exceptions, such as in the Canary Islands where it is 6.5% or in the case of public housing.
Asset transfer tax
When the home is second-hand, this is the tax that replaces VAT. The percentage varies depending on the autonomous community. It is usually between 6% and 10%.
This expense is for fees for the agency in charge of the processing and administration of all the expenses and paperwork that we have just seen.
Do you already know which mortgage is for you? Fixed, variable or mixed-rate?
Do not confuse expenses with fees because they are not the same.
Both are translated into euros but, unlike expenses, fees vary depending on the mortgage chosen or the amount requested. Here are some of the most common.
Early repayment fee.
Information about the use of personal data
1. Who is the data controller?
The data controller is Bankinter, S.A. (hereafter to be referred to as '“Bankinter”') with CIF A28157360 registered office at Paseo de la Castellana, 29. (28046 Madrid).
2. Why do we process your data?
We will process the data you provide to obtain information about this request and, if applicable, finalise the purchase of the product in question.
3. What are the legal grounds for processing your data?
The legal grounds for the purpose stated above is the need to process the request for information. Accordingly, if you refuse to supply the personal data requested, or if you supply inaccurate or incomplete data, we may not be able to provide you with the service. You are responsible for ensuring the truthfulness of the data provided, and for notifying Bankinter if there is any change to your data.
4. Who will receive your data?
We will only disclose your data to third parties if legally obliged to do so.
5. How long will we keep 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 of access, rectification, erasure, objection, restriction of processing and data portability in the circumstances and under the 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. Operations - Data Protection, Calle Pico San Pedro 1, Tres Cantos, 28760 Madrid, 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 you obtain additional information about the processing of your data?
You can get further information about how Bankinter processes your data at this
Numbers, numbers, numbers and more numbers... Do you think we're only talking about yours?