Due to the uncertainty generated by the COVID-19 pandemic, it is likely that many home buyers finance the acquisition with a fixed interest, something that will allow them to pay a stable fee and better plan payments. Currently, in addition, this safer option can also be very cheap, since many banks have lowered their rates During the last months. For all those interested in these loans, from the bank comparator HelpMyCash.com they have prepared the top 3 of the best fixed mortgages offered by financial institutions Spanish in December.
Option 1
Coinc: 1.35% at 20 years without link
According to analysts at HelpMyCash.com, the fixed mortgage from the online bank Coinc It is the best within this modality. Your interest is 1.35% for a term of up to 20 years and 1.40% if the money is returned in 25 or 30 years, which can be achieved without having to contract other products Of the entity.
This loan finances up to 80% of the value of a habitual residence and up to 60% of a second home, with a maximum term of 30 years. It does not have an opening commission, although it does include a compensation for total or partial early repayment of 2% during the first 10 years and 1.50% for the following.
Option 2
EVO Banco: 1.29% at 20 years with payroll and insurance
The Smart Fixed Rate Mortgage from EVO Banco occupies the second position. This has a lower interest than Coinc: 1.29% for a term of between 20 and 30 years. However, to get it you have to direct your payroll and take out home insurance, which increases its price. If these requirements are not met, the applied rate rises to 1.49%.
EVO Banco covers up to 80% of the purchase of a habitual residence and allows you to return the money in up to 30 years. In addition, it does not charge commissions for opening or for total or partial early repayment.
Option 3
MyInvestor: 1.59% over 20 years without other products
This podium is completed by MyInvestor Fixed Rate Mortgage Without Backpack, whose interest is 1.59% at 20 years and 1.69% at 25 years. This online entity does not ask to contract other products, although it does require that the holders charge some minimum joint income of 4,000 euros monthly.
With this loan you can finance up to 70% of the value of a first or second home, with a maximum term of 25 years. MyInvestor does not charge commissions for opening or partial early repayment, although it does apply a compensation for total early repayment of 1.50% for the first 10 years and 1% thereafter.
Image of a shop window of a real estate agency in Madrid (Dani Duch)
advice
You have to compare the offers of several banks
Although these are, a priori, the cheapest offers on the market at a fixed rate, from HelpMyCash.com they assure that there are other banks that also have good loans: Kutxabank applies a low interest (1.35% at 25 years with the payroll, two insurance and a pension plan), Bankia hardly asks for a link (1.85% at 30 years only with the payroll), etc. In fact, there are entities that can improve conditions even more if the client has a good profile.
For this reason, the ideal is go to as many banks as possible. This allows the client to compare various offers, assess which mortgages would best suit their specific needs, and negotiate, if possible, a price reduction.
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