Mortgages without commissions are not a myth: these are the banks that grant them
The opening commission is one of the expenses that makes the people who want to take out a mortgage more tremble, because it is a surcharge that greatly increases the cost that borrowers have to pay to formalize the scriptures. However, from the helpMyCash.com mortgage comparator, they assure that there are a few banks that do not include this and other commissions in their mortgage loans, which means a significant saving of money for their clients. BankiaBankia started the year 2017 with an offer attractive and unusual: decided to eliminate all commissions on their mortgages, both at variable rate and fixed rate. Of course, in order not to apply these charges is essential to have the payroll domiciled in the entity. Its variable rate mortgage has an interest from eurobond plus 1.20% with an initial fixed of 1.20% that is applied in the first year, while its fixed mortgage has an interest of between 1.75% and 2% 75%, depending on the term selected. In both cases it is not necessary to contract insurance or other related products. ING The renamed ING (now without the "Direct") does not include any type of commission in its Mortgage Orange, which by its conditions is one of the best in the market. This product has an interest from Euronext plus 0.99% (with an initial fixed of 1.99% that applies the first year) and a repayment term of up to 40 years. To contract it is necessary to domicile the payroll and sign a home insurance and another one of vida.Hipotecas.com Hipotecas.com tops the list of fully virtual banks that do not charge commissions of any type. In addition, this entity also does not require the domiciliation of the payroll or the contracting of other related products in order to access its mortgage loans. Of its catalog are mortgages at a variable rate, from euríbor plus 1.59%, and fixed mortgage, whose interest is 2.5%. OpenbankOpenbank, Santander's virtual bank, does not include commissions of any kind on their mortgages . Of all its products, the most notable is its variable rate mortgage, which in addition to having one of the lowest interests of the market (euríbor plus 0.99%), has no initial fixed and does not include any links with cost. To hire this mortgage loan only have to pay a payroll of at least 900 euros.Evo BancoEl list of entities that do not include commissions of any kind on their mortgages is closed by Evo Banco, another of the best-known online banks in Spain. In its loan portfolio for the purchase of housing we find two products: the Intelligent Mortgage, with an interest from euríbor plus 1.35% (euríbor plus 1.85% during the first year), and the Flexible Mortgage, with a fixed rate of 1.99% that is applied during the first years and a variable Euribor interest plus 1.35% that is applied during the remainder of the term. Other entities opt not to charge the opening fee.But if what we want simply is not to pay the opening commission, there are other banks that will not charge us, although their mortgages may include other penalties. This is the case, for example, of Liberbank's Fixed Rate Mortgage (from 1.60% TIN), which has no opening costs, but includes a penalty for early repayment and subrogation of 0.5% (0.25% % from the sixth year) and a risk compensation by 1% interest rate. Within this group of entities we also find Abanca. Your Mortgage Mari Carmen at variable rate (from Euroreg plus 0.95%) does not include commissions of any kind, but your fixed mortgage does have a 3% interest rate risk penalty. The interest of this second product is from 2%.
