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Young Dual Mortgage 90
You set the rules: combine fixed and variable interest in the same instalment!
- Up to 90% financing.1
- For customers under 36.
No, no. No, it's not a mixed-rate mortgage.
It's the first and only Dual Mortgage on the market.2
You set the rules: you decide which part you want fixed and which part variable
50 and 50, 30 and 70... The Dual Mortgage allows you to combine them however you choose at the outset, because you are in the driving seat.
Repay when you want and against the section of your choice.
If you decide to make an early repayment, you can decide which section to make the repayment on, the fixed or variable part, whichever most interests you at the time.
Two situations that make our Youth Dual Mortgage the right choice:
Do you choose a fixed rate or a variable rate?
That's the eternal question. If you choose a Dual Mortgage, you don't have to choose between a fixed or variable rate, softening the possible negative impact of changes in interest rates.
Maybe not now, but could you save while you pay your mortgage?
Think in the long term: you'll be able to make repayments if either of the two tranches becomes unfavourable.
Do the maths with our calculator to find out what you can afford.
These are the conditions to apply for our Youth Dual Mortgage:
- Be under 36 years old and live in Spain.
If there is more than one holder, only one of you needs to meet this requirement. - The loan must be for the purchase of the primary residence.
A loan that you can repay in up to 30 years. - A minimum joint income of all holders of €2,000/month.
When a question arises, a conversation begins. Shall we talk?
Would you like us to give you a call?
I would rather call you
From 8:00 to 18:00 Monday to Friday.Would you prefer to come into one of our branches and chat face to face?
Don't think twice.
See What's the difference between the Mixed Mortgage and the Dual Mortgage? What's the difference between the Mixed Mortgage and the 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. You can personalise the proportion of the monthly payment at fixed-rate conditions and the proportion at variable-rate conditions, depending on what suits you best.
See As with any other mortgage, you take out just one loan. As with any other mortgage, you take out just one loan.
We will set up a loan with a single deed and a single register entry.
See You choose the percentages to be allocated to each section when you arrange the loan. You choose the percentages to be allocated to each section when you arrange the loan.
When you take out the loan, you decide the different percentages to be maintained for the duration of the loan. These cannot be changed unless you make early repayments.
See You can make early repayments on the section of your choice. You can make early repayments on the section of your choice.
This is one of the advantages of the dual loan: you can choose to repay the section that best suits you: fixed-rate, variable-rate or both.
See The expenses are the same as those applicable to a traditional mortgage. The expenses are the same as those applicable to a traditional mortgage.
The expenses that you assume as a customer are exactly the same as the expenses inherent to any other mortgage.
See As part of each month's instalment, you will receive a breakdown of the amount corresponding to each section. As part of each month's instalment, you will receive a breakdown of the amount corresponding to each section.
As just one loan, only a single, indivisible charge is made to the same account, but, to help you control your expenditure, it is clearly itemised.
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Información de interés
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Show/Hide legal text1 Using the purchase price or appraisal value of the primary residence, whichever is lower, as the benchmark.
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Show/Hide legal text2 Source: Inteliens. Comparative study carried out at the beginning of September 2023 of 16 financial institutions, on the conditions of mortgage products, which concludes the following: no institution in the analysed universe allows customers to choose the distribution between the percentage allocated to a fixed rate and the percentage allocated to a variable rate. The sources of information were: the Inteliens competitor monitoring financial observatory (Individual Retail Banking), public and private websites, visits to branches as a prospect and calls to financial institutions as a areal customer. Read the study here.
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Show/Hide legal text3 The maximum percentage allocated to each of the settlement tranches may not exceed 90%, and the sum of both tranches must not exceed 100% of the loan's nominal amount. Offer for new mortgages.