The best of the variables: 'Hipoteca Top 0.30', from Bancopopular-e
A 30-year mortgage for up to 80% of the valuation value at an interest rate of Euribor + 0.30%. It can also be taken out on a second house. It does not charge arrangement or partial or total cancellation fees and the requirements are the normal ones: have your salary paid directly into a bank account held at that branch and take out a home insurance policy. You are also required to take out a single-premium loan-repayment insurance policy (a life insurance that covers the mortgage), which is wise to include in your estimate.
No surprises: 'Hipoteca Interés Fijo', from Barclays
It offers a very competitive fixed interest rate: between 4.75% and 4.90%, depending on the number of years (up to 30 years). The requirements are the normal ones: have your salary paid directly into a bank account held at that branch, 3 direct debits, and take out a home insurance policy.
With subrogation: 'Hipoteca Azul Subrogación', from iBanesto
For those who want to change their mortgage and are willing to accept the normal requirements (salary, bills, home insurance), iBanesto offers this product at Euribor + 0.38% for up to 30 years.
4.- Second house: 'Hipoteca uno-e', from Uno-e
This mortgage can be taken out on a first or second house at Euribor + 0.29%. It is for a maximum of 20 years and the lending limit is 60% of the valuation value. The requirements are the normal ones plus a life insurance policy.
5.- For building a house: 'HipotecaSI', from Novanca
Although there are other mortgages at lower interest rates, they have more requirements. The Euribor + 0.40% interest rate makes this one attractive and it is for a maximum of 30 years. You are not required to have your salary paid directly into an account held at that branch or spend a minimum amount on your credit or debit cards.
6.- Bridging mortgage: 'Cambio de casa', from Oficinadirecta.com (Banco Pastor)
Its interest is combined: a fixed interest rate of 1.60% during the first 6 months and then Euribor + 0.39%. It covers up to 100% of the value of the new house plus the financing expenses of the old house. It is for a maximum of 40 years.
7.- A repayment period of up to 40 years: 'Hipotecanet', from Caja España
A good interest rate: Euribor + 0.35%. You are required to have your salary paid into an account held at that branch (or maintain an average balance of 3,000 Euros in the account) and spend 3,000 Euros per month on your credit card. Only available through the Internet.
8.- With a grace period: 'Hipoteca Canaria', from La Caja de Canarias
Its grace period of up to 5 years and interest rate of Euribor + 0.45% make it very attractive for those who want to pay less at the beginning. The interest rate is subject to buying other products.
9.- 100% financing: 'Hipoteca Netbolia', from Sa Nostra
There are other mortgages that cover 100% of the value of the house but fall into the ‘for young people’ category. The interest rate is Euribor +0.50% and it can be for up to 40 years. You are required to buy the usual products plus credit and debit cards.