The best Variable Mortgage today is that of ING. Leading to the variable Mortgage at a price of Euribor plus a differential of 0.89% to 0.99% existing up to, maintaining the first year at 1.99%.
At the moment zero or even negative interest rates, banks are looking for a way to obtain income. In the absence of profitability for each operation, many entities are opting for volume (they reduce intermediation margin in exchange for gaining volume of credit, mortgages ...).
Banks seek to win customers by offering better conditions, pushing the price of mortgages to the limit. ING has reduced the price of all its mortgages by 10 basis points: variable, mixed and fixed, lowering the price of this last loan from 1.60 to 1.50%. The 'Mixed Orange Mortgage' maintains the price of the former ten years at 1.25% and reduces the variable spread for the remaining years from 0.99 to 0.98%.
The bank framed this decision to offer "a leading mortgage offer both for its variety and for its price, conditions, simplicity and ease of contracting."
All its mortgages cover with financing up to 80% of the appraised value in the case of a first residence and 75% of the second, and do not charge any type of additional expense for its formalization (notary, registry, agency and appraisal). Its contracting process is also the 100% online Mortgage until the signature and with a personal manager who accompanies the client, which guarantees its simplicity and agility.
On the other hand, from the entity they assure that these Mortgages do not carry any type of additional expense for their formalization. the process is online until the notarial signature and has a personal manager during the process.
Regarding the evolution of mortgage activity, ING points out that until March there has been a 46% increase in new production compared to the same period in 2020.
By type of mortgage, 48% of those contracted in 2021 have been at a variable rate, 38% mixed and 14% fixed. Regarding channels, in June 35% of mortgage loans were made through digital pospositives.
Fuente : El Economista