this euribor Closed this month of November at 2,828%Like this, slowed down a bit, has been 2,629% since October. However, it continues to increase and is gradually approaching 3%, which means: the banks You only have one product in mind: mortgage variables.
And what would attractive variable mortgage at the moment? “Variable rate With very small differences up to 0.20% or 0.30%“To stabilize Euribor levels,” said Simone Colombelli, iAhorro’s director of mortgages.
Another aspect that needs to be carefully analyzed to find a good variable mortgage is bindings. While it’s true that you get lower interest in return for contracting with them, the monthly expenses may be higher due to too much. insurance, cards, alarmsetc.
In addition, it should be taken into account that Still a good time to buy a mortgage. “If you’re thinking of claiming a mortgage, the sooner the better, because the scenario presented to you the future is not positive and certainly the offers you can find in 2023 will be much worse than they are now. The banks are declaring a truce, but it won’t last long,” Colombelli explains.
One of the best variable mortgages, BBVA. Euribor has +0.60% (0.89% during the first year) and 3.97% APR. All this as long as the payroll is domiciled and two insurances (home and loan amortization) are purchased.
EVO is not far behind. Your variable smart mortgage has Euribor +0.60% (0.99% during the first year) and an APR of 3.31%. Links to be fulfilled in this case are payroll in excess of 600 euros, direct debiting of pension or unemployment benefit and a home insurance contract.
We shouldn’t forget ING either.. The user will be able to benefit from Euribor +0.59% (1.50% during the first year) and 3.71% APR. The products that need to be contracted in order to conclude a mortgage with the said interest are life and housing insurance. Also, the payroll must reside in the business.
Another of the organizations that should be mentioned in the variable mortgage field is Mediolanum Bank. Your Freedom Mortgage has an Euribor TIN of +0.79% (0.99% during the first year) and an APR of 3.60%. Conditions to be met in this case are to open a bank account in the business, to have direct permanent income and life insurance equal to or more than 3,000 Euros.
Finally, open bank Euribor has a floating mortgage with +0.70% (1.70% during the first year) and 3.69% APR. In turn, the user will have to directly deposit salary, contract electricity and gas with Repsol and deposit them directly into Openbank account and conclude two insurance (life and home) contracts.
Government measures
One of the decisions taken by the government regarding the abolition of mortgage loans is as follows: Eliminate surrogacy commission from January 2023. In this way, the person will be able to transfer the housing loan to a bank that offers him better conditions by only paying the appraisal fee.
This measure may benefit people with existing variable mortgages who realize that there are now products with better terms.. You can choose to replace the variable mortgage with the fixed mortgage or sign another variable mortgage.but with a much lower differential.
in both cases The important thing is to compare. Thus, the user will find the most suitable mortgage for his situation.