I want a mortgage offer
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No, no. This is not just any mixed mortgage
This is a one-of-a-kind mortgage that, unlike a normal mixed mortgage, combines the two interest rates over the entire life of the loan.
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You choose the percentages to be allocated to each section: fixed and variable,
for example, 50 and 50 or 30 and 70. The Dual Mortgage allows you to combine them, however, you choose at the outset, because you design your mortgage.
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Repay when you want and against the section of your choice
If you decide to make an early repayment, you can decide which section to make the repayment on, the fixed or variable part, whichever most interests you at the time.
Here are all the details about our Dual Mortgage.
If you are not sure whether to choose a fixed or variable rate mortgage.
Content If you are not sure whether to choose a fixed or variable rate mortgage.That's the eternal question. If you choose a Dual Mortgage, you don't have to choose between a fixed or variable rate, softening the possible negative impact of changes in interest rates.
Meaning you can save money while paying off your mortgage.
Content Meaning you can save money while paying off your mortgage.If so, you can make repayments whenever the conditions of either of the two sections is most unfavourable.
Got a mortgage and want to bring it to Bankinter?
- Who is eligible to apply for the Dual Mortgage?
Individuals who earn their income in euros and do not reside in an EU member state with a currency other than the euro. - What kind of home is it for?
The mortgage must be for the purchase of a primary residence or second home. - How much can I ask for?
80% for the primary residence and 60% for a second home, using as the benchmark the lesser of the purchase value and the appraisal value. - What is the maximum term for repayment?
30 years, provided that none of the holders are over age 75 at the end of the term.
FAQs
What are the differences between a mixed mortgage and a dual mortgage?
With the mixed mortgage, you don't pay a fixed interest rate and a variable rate at the same time, but rather a fixed rate for the first few years and then a variable rate for the remaining years. You can choose the number of years for the initial period at the fixed rate, and then you will pay a variable rate for the remaining years.
With the dual mortgage, each monthly instalment includes both rates of interest. You can personalise the proportion of the monthly payment at fixed-rate conditions and the proportion at variable-rate conditions, depending on what suits you best.
Will I only need to sign one mortgage loan?
We will set up a loan with a single deed and a single register entry.
Am I free to decide the proportion of fixed and variable interest rates in the loan?
When formalising the loan, you also decide the different percentages that will be maintained throughout the loan. These cannot be changed unless you make early repayments.
Can I make early repayments on whichever section of the loan I choose?
This is one of the advantages of the dual loan: you can choose to repay the part that is best for you: fixed-rate, variable-rate or both.
Are the costs the same as those of a traditional mortgage?
The expenses that you assume as a customer are exactly the same as the expenses inherent to any other mortgage.
Will I receive a single charge for each monthly payment with a breakdown of the amount for each part?
As just one loan, only a single, indivisible charge is made to the same account, but, to help you control your expenditure, it is clearly itemised.
Key information
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Information about the use of your personal data
1. Who is the data controller?
The data controller is Bankinter, S.A. (“Bankinter”) with Tax ID Number A28157360 and registered office at Paseo de la Castellana, 29 (28046 Madrid).
2. Why do we process your data?
We process the data you supply to obtain the necessary information for this application and, where appropriate, to complete your purchase the product in question.
3. What is the legal basis for processing your data?
The legal basis is the purpose explained in the previous paragraph, namely to obtain necessary information for your application. Accordingly, if you refuse to supply the personal data requested, or if you supply inaccurate or incomplete data, we may not be able to provide you with the service. You are responsible for ensuring the truthfulness of the data provided, and for notifying Bankinter if there is any change to your data.
4. Who will receive your data?
Unless legally obliged, we will not disclose your data to any third parties.
5. How long will we keep your data?
Unless you have indicated otherwise, we will keep your data for six months. As soon as they are no longer necessary for the purposes described above, the data will be blocked for the period for which they may be required for carrying out, or defending, administrative or legal actions, and they may only be unblocked and processed again for this purpose. At the end of this period your data will be completely erased.
6. What are your rights in relation to the processing of your data?
You may exercise your rights of access, rectification, erasure, objection, restriction of processing and data portability in the circumstances and under the scope established by the applicable legislation currently in force. To exercise your rights, please contact us by writing to the following address: Bankinter, S.A. Operations - Data Protection. Calle Pico San Pedro 1, Tres Cantos, 28760 Madrid, enclosing a copy of your national ID or any other identifying document. You also have the right to file a claim with the Spanish Data Protection Agency.
7. Where can you obtain more information about how we process your data?
You can refer to the additional information about how Bankinter processes your data here.
Your Bankinter Partner Branch
Monday to Thursday from 09.00 to 18.00 and
Friday from 09.00 to 14.00.