BBVA throws a mortgage destined for young people who look for house
09.04.2008
The Bank BBVA has announced recently the throwing of a mortgage for young people that, for the first time, applies an interest below the euribor. The new mortgage blueBBVA has an interest rate of the Euribor less 0,25 points the first year and has for an object the young people who are provided with less resources and want to buy his first housing. The entity has increased the limit of the bonus of 1 % on having formalized the mortgage, from 1.500 to 3.000 euros. On having combined two helps (the type of the euribor - 0,25 % and 1 % of bonus), the saving in the monthly quota of the mortgage reaches the 225 for an amount for 150.000 euros.
BlueBBVA is a mortgage directed to the young people that combines financial and not financial offer and that has allowed the entity to receive more than 500.000 new young clients from his throwing one year ago. BBVA has raised his market share in 1,5 points in this segment, up to 10 %. The entity anticipates one year, 2009, his target to incorporate a million clients foreseen for 2010, announced yesterday Juan Asúa, the director of BBVA Spain and Portugal, in a press conference in Barcelona. To benefit from this loan, the value of the housing has to be equal or lower than 200.000 euros, the amount of the mortgage must not overcome 150.000 euros and the income cannot overcome 1.500 monthly euros, if it is a question of a holder, or of 2.500 euros if they are two holders. In addition to the interest rate, the holder benefits from a bonus of 1 % on having formalized the mortgage, with the limit for 1.500 euros, with what the entire saving for the holder of this loan promotes to approximately 225 euros a month.
For the young people who do not fulfill all the requisites and who are provided with major income, the entity has raised the bonus of 1 %, on having raised the limit for 1.500 euros to 3.000 euros. The mortgage is provided with all the advantages of the Mortgage blueBBVA, as it is the flexibility of term, quota and lack between others, this way - how a competitive interest rate from the second year that can come to euribor more 0,49 %, according to the link. The entity promises to answer in 48 hours.
Linkage | BBVA
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