BBVA Variable Mortgage
From euribor + 0.89
Variable APR 1.707%
First year from 1.89% NIR
If want buy you a house, have a variable mortgage reasoned for put it to you easier, from euribor + 0.89 (1.707% Variable APR). First year fixed rate from 1.89% NIR.
During the first year of the mortgage the interest rate will be fixed at 1.89% NIR. For the rest of the mortgage term, the interest rate will start from Euribor +0.89%. The applicable differential depends on the percentage of financing, on BBVA's analysis of the operation and on the contracted products.
For these interest rates to apply, you must:
a) Have your salary (min. €600), or pension (min. €300), unemployment benefit or self-employment income paid continuously into your BBVA account.
b) Have a home insurance contract with BBVA Seguros which is in force and be up to date with the payments.
c) You must have valid loan repayment insurance with BBVA Insurance with no payments outstanding for at least 50% of the loan amount.
Contracting of these products is optional and not mandatory. Check how the fixed interest rate may vary depending on the products you take out in the table above.
The applicable differential will be reviewed quarterly and will remain the same provided that you keep the contracted products and comply with the terms and conditions noted previously. Without this, the differential will vary. The interest rate will be adjusted biannually according to the latest Euribor published in the Official State Gazette (BOE).
No opening fee.
You can bring forward all or part of the payment of your mortgage, provided that:
In the event of early repayment, you must take into account these fees:
These conditions are valid until the 07/31/2018.
The granting of the mortgage is subject to authorization by the bank.
|Amount less than or equal to 80%
of the property's appraisal
value and up to a 30-year term
Variable APR: 1.707%
Variable APR: 1.707%
Variable APR: 1.905%
Variable APR: 2.166%
Variable APR: 2.361%
|ALL-IN COST OF THE LOAN32,260.24€||ALL-IN COST OF THE LOAN37,425.40€||ALL-IN COST OF THE LOAN41,673.14€||ALL-IN COST OF THE LOAN47,183.40€|
|TOTAL AMOUNT OF THE LOAN (all-in cost + mortgage amount)182,260.24€||TOTAL AMOUNT OF THE LOAN (all-in cost + mortgage amount)187,425.40€||TOTAL AMOUNT OF THE LOAN (all-in cost + mortgage amount)191,673.14€||TOTAL AMOUNT OF THE LOAN (all-in cost + mortgage amount)197,183.40€|
We want your application to be an easy process and we want to help you by explaining the steps we have to follow:
Once we receive your application form, it will take approximately 2 to 4 weeks before you can sign for your mortgage, although it can take longer, depending on how quickly the documents are obtained and how soon appointments can be scheduled with the appraiser and notary.
WARNING: In the event of any breach of the obligations derived from the loan contract guaranteed by the mortgaged property, there is a risk of losing the home. The borrower shall be liable for repaying the loan to the Bank using all assets and rights currently possessed by the borrower, or that may be possessed in the future. Any person(s) providing a guarantee shall be liable in the same manner as the primary debtor, using all assets and rights they possess either in the present or future, and unless their liability has been limited in the mortgage loan contract.
There is no legal obligation to contract any insurance policy; however, the parties may contractually agree that the customer must contract, and keep valid during the life of the mortgage loan, an insurance policy that covers the risk of damage and fire for the home being mortgaged, and must notify the insurer of the existence of the mortgage loan, and with the Bank being the beneficiary of the corresponding indemnification in the event of a covered loss. The above notwithstanding, you are hereby notified that you have the right to contract, and the Bank will accept, any other insurance policy from any other insurance entity that covers the risks of damage and fire to the home that is mortgaged, as long as that insurance policy possesses an equivalent level of guarantee.
There are two different and complementary elements in the loan or mortgage:
Before buying a home, you must check:
The purchase and mortgage of a home entails a series of standard costs that are always at the buyer's expense:
In a loan, the monthly installment is made up of a part of the money lent that is paid back to the bank month by month (amortized capital), plus the amount that corresponds to the interest.
Once your mortgage loan agreement is signed, it is registered in the Land Registry.
You have at your disposal the Pre-contractual Information Dossier (FIPRE) where you will find basic information about our mortgage.
Once you provide us information on your financing needs and financial situation, we will give you the Personalized Information Sheet in which all the financial terms of the loan are specified.
At BBVA we will answer your questions and we will help you in all the administrative procedures necessary to arrange your mortgage.