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MORTGAGE COMPARISON TOOL

Fixed or variable mortgage. What are the differences?

And you will be able to do it. Here is the fixed-rate mortgage and the variable-rate mortgage next to it. Here are all of the factors to take into account for each one so you can say “this is better” or “I don't know” or “yes, of course, but what's that Euribor all about?”

Fixed or Variable-Rate? Compare the details of all our mortgages.

A complete table with the main figures for both types of mortgage: fixed and variable-rate. Payments, features, advantages, interests, expenses... Everything in plain sight.

Type of mortgage

How it works

Main advantage

Monthly payment

Interest rate

Term

Maximum % to finance

Interest rate/price

Subject to meeting the terms and conditions

If terms and conditions are not met

Arrangement fee

Mortgage expenses

You can combine variable and fixed interest at the same time, however you choose to split it, from day one.

You'll have the peace of mind of the fixed rate while taking advantage of the opportunities of the variable rate.

A single instalment with a variable part and a fixed part.

A fixed part and a Euribor + spread part.

Maximum term: 30 years.

80% first home 60% second home

Yes.

zero management expenses Zero registration expenses Zero notary expenses Zero stamp duty (IAJD) €249.56 appraisal

I want a

It varies and is reviewed according to the benchmark index, better known as the Euribor.

Subject to fluctuations in the Euribor.

Variable.

Euribor + spread.

Maximum term: 30 years.

80% first home 60% second home

25 years If the terms and conditions are met¹ Euribor + 0.75% 2.50% NIR during the first year Variable APR 5.23%

25 years No terms and conditions¹ Euribor + 2.05% 3.80% NIR during the first year Variable APR 6.31%

Yes.

zero management expenses Zero registration expenses Zero notary expenses Zero stamp duty (IAJD) €249.56 appraisal

I want a offer

You pay the same amount for the entire term of the mortgage.

Peace of mind. Payment amounts are not affected by fluctuations in the interest rate.

Fixed.

Fixed forever.

Maximum term: 30 years.

80% first home 60% second home

20 years If the terms and conditions are met² 3.40% annual NIR 4.05% APR

20 years No terms and conditions² 4.70% annual NIR 5.10% APR

Yes.

zero management expenses Zero registration expenses Zero notary expenses Zero stamp duty (IAJD) €249.56 appraisal

I want a offer

The interest rate is fixed for the first few years and variable for the remaining years.

The maximum initial fixed-rate period may be up to 25 years (you can choose the number of years) and the rest of the term will be variable-rate.

Fixed + Variable.

Fixed-rate for the early years and Euribor-rate subsequently + spread.

Maximum term: 30 years.

80% first home 60% second home

25 years (fixed-rate for 20 years and variable-rate for 5 years) If the terms and conditions are met³ 3.45% annual NIR (for the 20 fixed-rate years) Euribor + 0.70% (the remaining years) 4.11% variable APR

25 years (fixed-rate for 20 years and variable-rate for 5 years) No terms and conditions³ 4.75% annual NIR (for the 20 fixed-rate years) Euribor + 2.05% (the remaining years) 5.17% variable APR

Yes.

zero management expenses Zero registration expenses Zero notary expenses Zero stamp duty (IAJD) €249.56 appraisal

I want a offer

You can obtain up to 90% of the value of your home, using the lesser of the purchase price and the appraisal value as the benchmark. As it is a young person's mortgage, at least one of the holders must be under 36 years old.

Up to 90% financing for a first home.⁴

Variable.

Euribor + spread.

Maximum term: 30 years.

Up to 90% of the value of the home, using as the lesser of the following two values as a benchmark: the purchase price and the appraisal value.

30 years Euribor + 0.70% If the terms and conditions are met⁴ 2.45% first-year NIR Variable APR 5.18%

30 years Euribor + 2.00% No terms and conditions⁴ 3.75% first-year NIR Variable APR 6.27%

Yes.

zero management expenses Zero registration expenses Zero notary expenses Zero stamp duty (IAJD) €249.56 appraisal

I want a offer

Feels like something is missing, right? we will explain what the Euribor, NIR and APR are

Euribor

It is the interest rate at which European credit institutions lend money to each other and it is the benchmark for variable-rate mortgages. The fixed part that you negotiate for your variable-rate mortgage is added to the percentage established by the Euribor, known as the spread. So, if the Euribor goes down your payment goes down, and if it goes up, it goes up.

The Euribor varies and is revised depending on the market.

NIR

It is the nominal interest rate. In other words, it is a fixed percentage that is agreed for a borrowed amount of money. It is the basis for calculating the APR, so it is important, but it is not a good reference to compare loans.

It does not have to be annual and does not take into account expenses, etc.

AER

The equivalent annual rate (APR) tells us the actual amount that will be paid for a loan. It is a mathematical formula that includes the NIR, the commissions, the term of the loan and the payment frequency.

It is therefore the most useful benchmark for comparing mortgages of the same type and term.
For variable-rate mortgages, the APR is for reference only because it will also vary with the Euribor.

Why is it helpful to use a mortgage comparison tool?

The mortgage comparison tool will help you to analyse, understand and make decisions about the various mortgages on the market: fixed-rate, variable-rate, mixed-rate, etc. It is essential to be able to see at a glance the advantages, conditions, prices and other factors of each mortgage so that you can decide which one best suits your expectations and circumstances.

Advantages of comparing mortgages

At Bankinter we have prepared a table where you can compare the benefits of our two main mortgages: variable-rate and fixed-rate.

We've broken down the main indicators that you should take into account when choosing a mortgage. They might look the same initially, but when it comes to repaying your mortgage you'll find certain differences: interest rates, advantages, terms, monthly instalment, conditions, linked products, etc.

What to look for when comparing mortgages

Below we explain the main factors to bear in mind when comparing mortgages:

Fees and commissions

When you take out a mortgage, you should bear in mind that you might have to pay a series of fees, such as the arrangement fee or a fee for early repayment or cancellation of the mortgage. It is essential to be clear about all these extra expenses to avoid surprises in the final budget for your home.

Financiación

The percentage of financing you ask the bank for will vary according to your savings. Currently, when you apply for a mortgage you must have savings to cover at least 20% to 30% of the value of the property plus the expenses involved in the transaction. That said, banks lend a maximum of 80% of the purchase or appraisal value of the property if it is the primary residence, and somewhat less (65% to 70%) in the case of a second home.

Interest rate

The mortgage interest rate is a percentage that is applied to the loan amount to determine the instalment you will have to pay each month to settle your debt. This interest rate may be fixed (the same percentage for the duration of your mortgage repayment period), variable (benchmark index + spread), or mixed (a mixture of both types).

Request a personalised offer, in just one minute and with no commitment.

Ask for a bespoke mortgage

Your questions, and those asked by almost everyone else

What fees are usually involved in applying for a mortgage? See What fees are usually involved in applying for a mortgage?

What is mortgage spread? See What is mortgage spread?

What is the mortgage arrangement fee See What is the mortgage arrangement fee

See more FAQs

Do you get lost while comparing mortgages? Is it too much to assess it by yourself?

Offer valid until the total amount offered has been reached: 750 million euros for variable-rate mortgages and 25 million euros for fixed-rate and mixed mortgages.

Useful information

VIEW FIXED MORTGAGE PRE-CONTRACT FACTSHEET
VIEW VARIABLE-RATE MORTGAGE PRE-CONTRACT FACTSHEET
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¹ Fixed-rate 20-year mortgage: Below is an example of the APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:

Mortgage amount: 150.000€. Term of loan: 20 years (240 monthly repayments). AER: 4,05%. Monthly instalments over 20 years: €862.25, and a final instalment of €862.72. Arrangement fee: 500,00€. Total interest: 56.940,47€. Interest rate: 3,40%. (240 months). Monthly repayments. Total repayment amount €217,104.63. Total cost: 67.104,63€.

This APR has been calculated on the following basis:

- Arrangement of life insurance for an amount of €150,000.00 for 20 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 above rate (3.40%) will be increased by 1.30% corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met the fixed rate will be 4.70% (APR 5.10%). Monthly instalments over 20 years: €965.24 and a final instalment of €966.80. Total interest: 81.659,16€. Total amount repayable: 236.667,92. Total cost: 86.667,92€. This APR has been calculated on the basis of arranging with Bankinter, or a different provider, the legally required home insurance policy for €100,000.00, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45.00 for the current account required for payment of the instalments, an 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 APRs have been calculated taking into account the following:

1. The 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 of 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 APRs that are not quantifiable when the calculation is made, the APRs will be calculated on the assumption that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.

3. These APRs may vary depending on the transaction amount and term. These APRs have been calculated on the assumption that there will be no partial or total cancellation of the mortgage. They do not include the costs which the customer/borrower would have to pay for the breach of any of the obligations in 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. In the case of second homes, the maximum amount is 60.00%. The maximum mortgage term is 20 years, provided that none of the holders is over 75 years old at the end of the term.
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² Variable-Rate Mortgage: 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: 5,23%. Monthly repayment during the first year: 672,93€. Monthly repayment during the remaining years: €854.43 and a last instalment of €855.62. Arrangement Fee: 500,00€. Total interest: 104.152,19€. Interest rate for the first year: 2,50%. (12 months). Monthly repayments. After the first year, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Euribor (-4.073% BOE 02.09.2023) + a spread of 0.75%. Total repayment amount €266,670.00. Total cost: 116.670,00€. 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: 6,31%. Monthly repayment during the first year: 775,28€. Monthly repayment during the remaining years: €970.83 and a final instalment of €968.36. Arrangement Fee: 500,00€. Total interest payable: €138,899.93. Interest rate for the first year: 3,80%. (12 months). Monthly repayments. After the first year, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Euribor (-4.073% BOE 02.09.2023) + a spread of 2.05%. Total repayment amount €294,973.49. Total cost: 144.973,49€. 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 (750 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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³ 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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⁴ Young people's variable-rate 90 mortgage: An example of a Variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics is shown below:
Mortgage amount: 150.000€. Term of loan: 30 years (360 monthly repayments). Variable APR: 5,18%. Monthly repayment during the first year: 588,79€. Monthly repayment during the remaining years: €778.58 and a last instalment of €780.86. Arrangement Fee: 500,00€. Total interest: 128.013,60€. Interest rate for the first year: 2,45%. (12 months). Monthly instalments. After the first year, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Euribor (-4.073% BOE 02.09.2023) + a spread of 0.70%. Total repayment amount €292,885.06. Total cost: 142.885,06€. 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 with cover of 150,000.00 Euros for 30 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.

- A home insurance policy with cover of €100,000 for structure and €30,000.00 for content and an estimated annual premium of €306.44. Renewal annual insurance.

- Appraisal fee: 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.

It is entirely optional for the customer to arrange the products described. The interest rate for the fixed term and the spread for the variable term will rise by the percentage points for the sum of each product not arranged. Therefore, where none of the conditions are met, the interest rate will be :Variable APR: 6,27%. Monthly repayment during the first year: 694,67€. Monthly repayment during the remaining years: €900.62 and a final instalment of €902.16. Arrangement Fee: 500,00€. Total interest payable: €171,753.34. Interest rate for the first year: 3,75%. (12 months). Monthly repayments. After the first year, the interest rate will be variable and will be reviewed annually. Interest rate for the remaining yearly periods: 12-month Euribor (-4.073% BOE 02.09.2023) + a spread of 2.00%. Total repayment amount €328,891.70. Total cost: 178.891,70€. 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 €2,000 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 (75 million euros).

The loan amount may not exceed 90,00% of the lower of these two values: the property's purchase value or appraisal value. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.