European

The European

The European Central Bank (ECB) has published a report confirming that for the first time in 18 months, the Spanish mortgages new constitution are among the cheapest in Europe. Thus, while the European average is 2.22%, the Spanish is at 2.12%, where only a year ago our country held an average interest of 2.89% vs. 2.78% European.

Cheaper than in Italy and Portugal
If you look at the average of the different countries, the report indicates that the Portuguese average is 2.26% and 2.48% Italian. However the German mortgages remain at an average interest rate of 2% cheaper than Spanish, but as our tendency is to lower the interest, the German trend is to market more expensive mortgage each month.

In addition, Spain is coming to Europe also in fixed-rate mortgages, a market sector in which so far had always gone to tail offers 6% and 7%, and now offers mortgages from 2% they have succeeded for the first time, the user's pose as a real option of funding.
New mortgages at Euribor + 1%
This new ECB document corroborates what has long highlighted the press: Spanish banks have spent months down interest rates and if a year at this time ago it was normal to see mortgage Euribor + 2%, are now closer Euribor + 1%.

According to estimates of the comparator HelpMyCash.com, this means that those who hired a mortgage for 150,000 euros to 30 years in 2014 to Euribor + 2% are paying a fee of about 566 euros while those who have taken out a mortgage in 2015 Euribor + 1% only pay 494 euros a share, about 70 euros less per month or 840 per year.

Among the current offers this September highlighted by the comparator HelpMyCash, is the Orange Mortgage ING Euribor + 0.99% and Euribor + Mortgage Santander to 1.25%, both with no origination fee and with only two linked insurance, life and home. We also found other offers like Mortgage Kutxabank, Bankoa or Caja de Ingenieros, all at Euribor + 1%, although in these cases there is an arrangement fee itself and more mandatory link that increases the price of the mortgage. Between fixed, highlights the Fixed Premium Mortgage Banco Sabadell to 2.90%, with a fee of 1% and only two mandatory life insurance and home.

Central Bank (ECB) has published a report confirming that for the first time in 18 months, the Spanish mortgages new constitution are among the cheapest in Europe. Thus, while the European average is 2.22%, the Spanish is at 2.12%, where only a year ago our country held an average interest of 2.89% vs. 2.78% European.

Cheaper than in Italy and Portugal
If you look at the average of the different countries, the report indicates that the Portuguese average is 2.26% and 2.48% Italian. However the German mortgages remain at an average interest rate of 2% cheaper than Spanish, but as our tendency is to lower the interest, the German trend is to market more expensive mortgage each month.

In addition, Spain is coming to Europe also in fixed-rate mortgages, a market sector in which so far had always gone to tail offers 6% and 7%, and now offers mortgages from 2% they have succeeded for the first time, the user's pose as a real option of funding.
New mortgages at Euribor + 1%
This new ECB document corroborates what has long highlighted the press: Spanish banks have spent months down interest rates and if a year at this time ago it was normal to see mortgage Euribor + 2%, are now closer Euribor + 1%.

According to estimates of the comparator HelpMyCash.com, this means that those who hired a mortgage for 150,000 euros to 30 years in 2014 to Euribor + 2% are paying a fee of about 566 euros while those who have taken out a mortgage in 2015 Euribor + 1% only pay 494 euros a share, about 70 euros less per month or 840 per year.

Among the current offers this September highlighted by the comparator HelpMyCash, is the Orange Mortgage ING Euribor + 0.99% and Euribor + Mortgage Santander to 1.25%, both with no origination fee and with only two linked insurance, life and home. We also found other offers like Mortgage Kutxabank, Bankoa or Caja de Ingenieros, all at Euribor + 1%, although in these cases there is an arrangement fee itself and more mandatory link that increases the price of the mortgage. Between fixed, highlights the Fixed Premium Mortgage Banco Sabadell to 2.90%, with a fee of 1% and only two mandatory life insurance and home.