Many Banks offer better conditions to those clients changing from another Bank to them than to new clients. Why is it? Well, it seems it is just because they take into account that initial financial solvency of the client.
Some bargains: I love Banks offering bargains!
· Caja España: "Hipotecambias" has an interest rate of Euribor + 0,25%. The mortgages need to be of 5 or more than 5 years and on the habitual dwelling. You need to have your payroll paid direct through the Bank and the salary needs to be higher than 600 €. You also need to hire a retirement product depositing at least 600 € yearly. If you fail in any of these requirements, the rate will vary into 0,50 points or even to 0,75. There are no expenses: no opening commission, no Notary, Registry expenses . Time frame: 30 years. Just pay attention as there is a mortgage floor and ceiling of 2,95% and 12,50% respectively.
· Oficina Directa: Euribor + 0,39% . You need to have payroll and two bills paid direct through the Bank. They manage the mortgage change directly from the source Bank.
· Deutsche Bank: "Hipoteca Rompedora Cambio de Banco" ( Innovative Change of Bank Mortgage) interest rate of 2,49% during the first year and Euribor + 0,27%, after the first year. No opening commission. If payroll and three bills are paid direct through the Bank, the Bank deposits 1.000 net euros into the client´s account.
· Barclays: the "Change of Bank Mortgage" offers Euribor + 0,35%. Timeframes up to 35 years/old , no opening comission and the 80% of the estate value is financed .
· Openbank: Euribor + 0,38%.
· Banesto: Markets the "Hipoteca Smash", no expenses and negotiated conditions.
Do I hear more?
Cadiz Beach by Bigeoino at Flickr.com