Bankinter throws a mortgage to the euribor + 0,18 %
24.04.2007
Bankinter announced yesterday the throwing of a new mortgage loan, directed to the segment of average and high revenues, at a few very competitive prices.
The credit is subject to a fixed interest rate of 4,4 % during the first year and to the euribor more 0,18 points the rest. It is a question of the best mortgage offer that exists in these moments on the market and is limited to the first 20.000 loans that are realized by the entity. The annual production of Bankinter is about the 30.000.
The only condition
To sign this mortgage the fact is that the value of appraisal of the housing is superior to 300.000 euros. With it, Bankinter wants to reinforce his politics to be selective with the profile of his clients to obtain a major weight of considered of ‘high scale’.
Route | five days
Caixa Geral throws mortgage with Euribor +0,33 % and term 45 years
12.04.2007
Banco Caixa Geral, not to confuse with the caixa, has put on the market the Mortgage CERO33, a mortgage loan, with a pay-off period of up to 45 years and a variable interest rate of the Euribor more 0,33 destined to the buy of the first housing and without commissions of study, of opening, not of partial amortization.
The mortgage can be hired in a minor term and later to extend it up to the maximum without novation, that is to say, without need to change the rest of the conditions and simply they communicating it to the banking institution.
Thus if it was changing the payment capacity of the client or there was an increase of the interest rates, the quota might fit in accordance with these new circumstances.
The Santander extends his mortgages
20.03.2007
The bank Santander has adapted his offer in mortgages to the new circumstances to the rise of the official interest rates. With this new scale of mortgage loans, the bank tries to facilitate the payment of the monthly quotas during the first years and ‘not to lengthen unnecessarily’ the duration of the credits.
The Mortgage Quota Zero allows to the holders not to pay either the first 12 months or capital or interests and destine this money to other expenses. The term of cancellation is 30 years, although the client will be able to negotiate up to a maximum of 40.
The Mortgage Progressive Quota and the Mortgage Quota Progressive Zero, that reduce the amount of the payments during the initial third of life of the credits (the amortization ceiling in both cases loans is 30 years).
The amount will be increasing to a rhythm per year of 2 %, although this percentage will be seen affected by the changes to the rise or the fall of the nominal interest rate that is applied to the loan.
Route | Five Days
Box Duero offers mortgages substitutions with an interest rate of euribor more 0,25 %
26.02.2007
Box Duero offers substitutions of mortgage loans for young people with an interest rate of euribor more 0,25 %. This financial product is directed to 35-year-old minors who already have a mortgage employed with any other entity.
Box Duero remembers that his young mortgage, which offers financing with an interest rate of the euribor more 0,50 %, can diminish up to 25 fulfilling requisites like domiciling the payroll, hiring the insurance of the hearth of the Box, a pension plan, the banking service over a distance and the credit card Visa Classic.
Route | ABC
The BBK throws a mortgage without quotas in 2007
20.02.2007
The BBK will throw in March a new mortgage that allows to postpone the quotas during this year. The product, which there is part of that it reckons for the box to throw to celebrate his centenary, tries to do easier to support the first year after the buy of a housing, which is usually full of expenses.
The loan offers up to 95 % of the appraisal of the housing. The interests postponed during the first year are distributed throughout the term in which there is hired the mortgage, which can reach up to 50 years.
Route | The digital mail
Caixa Manresa throws a mortgage to fixed type to 40 years
19.02.2007
Caixa Manresa extracts to the market an innovative mortgage prestasmo: the mortgage to fixed type and with increasing quotas to 40 years. The mortgage to fixed type and with increasing quotas there raises a formula of quotas more adapted to the possibilities of payment that the mortgages system with lack that are commercializing other financial institutions, and that imply a jump much raised in the quota spent the first years.
Also, the saving in the first quotas with regard to the mortgages with constant quota can become of 28 %.
Route | cincodias.com
One and 0,29 % throws mortgage with differential, the lowest market up to the date
02.11.2006
One and, the bank for Internet of the group BBVA, it has thrown the mortgage with the lowest differential of the Spanish market until now, 0,29 per cent, what means that the clients who hire this loan will have to pay an interest equivalent to this percentage more the euribor.
This mortgage offer can be requested in a maximum term of 35 years, finances 80 per cent of the value of appraisal of the housing and does not have commissions of opening, partial cancellation or entire cancellation.
It does a pair of weeks, ING Direct cut away the differential of his Orange Mortgage of 0,45 to 0,33 per cent, what was placing it like the cheapest until it has appeared of the branch of the BBVA.
The BBK innovates with a shared mortgage
02.11.2006
The BBK was the entity first in offering mortgage loans to 50 years, now it is the first one in throwing the shared mortgage. This product is directed to persons who cannot face to a mortgage alone and who, without need to have narrow ties between themselves - agree to buy a housing. The savings bank thinks that it is an attractive proposal for immigrant, separated or divorced and young professionals who, because of work principally, move out of his place of habitual residence for long stays. He supposes, to his judgment, a good alternative to the payment of a monthly rent.
Since no type of relation is needed between the holders of the mortgage, the new offer contemplates different formulae to face to the possible disagreements that arise between those who share it. This way - for example, the co-owners establish agreements between to regulate the sale right with options of preferable buy.
The shared mortgage offers a maximum term of amortization of up to 40 years, whenever the sum of the age of the minor of the owners and the established term does not overcome do not overcome 80 years.
Route | The digital mail
Activobank puts on the market the cheapest mortgage
13.10.2006
The bank online of the Group Sabadell, it has improved the conditions of his mortgage offer to turn it in the cheapest existing on the mortgage market. Activobank has lowered the differential of his Variable Active Mortgage from 0,35 points up to 0,3 points, with the client TAE would have to pay in these moments a monthly interest of 4,35 %.
Price war in the mortgages
The branch online of the Sabadell joins like that - the price war in mortgage credits declared between the banks that they operate for Internet. Till now, the entity that was provided with the most competitive product was ING Direct, which applies to his Orange Mortgage an interest rate of the euribor more 0,33 points. His most direct competitors, like Openbank (of the group Santander), and-Bankinter, Bancopopular - e or Ibanesto, they have loans for the housing buy with a differential of between 0,34 and 0,36 points.
The Variable Active Mortgage of Activobank does not have opening commission not of entire or partial cancellation. The pay-off period of this mortgage can come to 34 years and 11 months, and the maximum amount that it covers reaches up to 80 % of the value of appraisal for the first housing and 70 % in case of the second residence.
Route | Five days
The “Stipendiary Mortgage” of low Barclays to 0,39 % the differential
09.10.2006
Barclays has decided to reduce of 0,45 to 0,39 per cent the differential of his Stipendiary Mortgage, which turns this way - into ‘the cheapest’ of those who can be hired in an office.
With these measurements Barclays enough approaches the differential that the entities are offering across Internet, with ING the head, which recently limited the differential of his Orange Mortgage of 0,45 to 0,33 per cent.
As told the person in charge of marketing of the entity, Pedro Lachondo, the target of this campaign is to raise the valuation of clients' reception of 11 to 13 per cent, what translated for numbers it means, ‘approximately 4.000 a month’.
Route | Terra
