As a general rule, To buy a house it is essential to have a lot of savings, since the usual thing is that the bank contributes 80% of the value of the home and therefore the buyer needs to have that remaining 20% of the value of the operation, as well as the formalization fees such as taxes, notary fees and record. A problem for the majority of young people who want to buy a home.
Well, to try to solve this problem, In recent months, new mortgages of up to 100% have been launchedspecifically for those who have little savings but who can prove that they have stable and well-paid jobs.
What banks offer them?
One of those banks is Ibercaja. This entity will offer to finance up to 95% of the purchase to those young people who do not reach the age of 36 to purchase a home. The interest they offer is good: A fixed rate from 1.15% or a variable rate from Euribor plus 0.80%. To be eligible for this, there are certain conditions: you must domiciliate the payroll of the holders (at least 2,500 euros), three receipts, use a credit card, subscribe to two insurance policies (home and life) and invest 75 euros per month in a plan. of systematic contribution.
The Santander Bank. It offers good mortgage loans for young people, financing up to 95%. However, to obtain this amount, a guarantee must be provided, in this case it could be the parents’ guarantee, which will expire five years after signing. The interest for these clients is a fixed interest rate of 1.35% or Euribor plus a variable interest rate of 1.39%, which can be exchanged for various products or services of the bank: directly debit the income or receipt, subscribe to a single item or multiple insurance policies, using debit or credit cards, investing in pension funds or plans… There are other entities that may be willing to provide more than 80% of the home financing for young buyers, such as Kutxabank or Mortgages.com.
Alternatives for young people who want to have access to a home as property and who do not have much savings so far.
2023-10-23 18:56:51
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