BBVA Variable-Rate Mortgage

Your mortgage made easier.

From Euribor+0.99% if conditions are met

Variable 2.52% APR

Year 1 from 1.99% NIR

  • No notary, management or registration fees.
  • No commitment fee.
  • You can pay it off for up to 30 years.
  • You can make payments early without a payoff fee.

Finance up to 80% of your home's value

  • With the BBVA Variable Mortgage, you can request up to 80% for your main residence and up to 70% for a second home.

    If the market price and the appraised value don't match, the lower of the two will be used as a reference.

And you can pay it off over 30 years

  • You can request a maximum of 30 years to repay your mortgage, although if you want to pay it sooner, you can make early payments with no payoff fee.
     
    Please note that the age of the youngest account holder with an income and the term of the mortgage may not exceed 70 years. For example, if the youngest account holder is 50 years old, they can request a maximum term of 20 years.

Applying for a mortgage is that simple

  • Follow these steps to apply for your variable-rate mortgage:

    1. Calculate your monthly payment in the simulator.
    2. Fill in your details and send us the documentation.
    3. The next step is to appraise the property.
    4. When the mortgage is approved, all that's left is to sign before the notary public.

    See the process step by step

Improve your interest rate

  • Some BBVA products offer a discount on the interest rate of a Variable Mortgage. You are not required to take out these products. However, by doing so, you may pay less on your mortgage.

    • BBVA Comprehensive Home Insurance in force and up to date with payments.
    • BBVA loan repayment insurance in force, up to date with payment and covering at least half of the amount of your mortgage. If the 50% exceeds €150,000, this amount is enough.
    • Setting up and receiving your income by direct billing at BBVA: salary of over €600 or pension of over €300; if you are self-employed, you just have to direct debit your social security payment.

    Remember that the insurance policies are subject to approval by BBVA Seguros.

What makes your mortgage variable?

  • The interest rate of the BBVA Variable Mortgage is made up of a fixed percentage (the differential) and a variable rate (the Euribor), which is reviewed every six months. 

    Taking out additional products or fulfilling certain conditions (such as those mentioned above) can help you reduce the differential of your mortgage.

AMOUNT LESS THAN OR EQUAL TO 80%
OF THE PROPERTY'S APPRAISAL
VALUE AND UP TO A 30-YEAR TERM
AMOUNT LESS THAN OR EQUAL TO 80% OF THE PROPERTY'S APPRAISAL VALUE AND UP TO A 30-YEAR TERM

Euribor + 0.99% 

Variable APR: 2.52%

See example

Would you like more information?

Be a BBVA customer.

  • We are leaders in digital innovation working to make your life that bit easier.
  • Our approach is based on transparency, clarity and responsibility.
  • We are leaders in digital innovation working to make your life that bit easier.
  • Our approach is based on transparency, clarity and responsibility.