Mortgage for new builds
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Advantages of mortgages for new-build properties
Advantages
Project-specific financing
Mortgages on new-build homes can offer financing advantages, especially in cases where energy efficiency is a priority. Keep in mind that the specific terms of the mortgage will vary depending on the project and the characteristics of the property.
Plus, since these are new properties, they don't usually need repairs in the short term, so you can enjoy your new home from day one.
Plus, since these are new properties, they don't usually need repairs in the short term, so you can enjoy your new home from day one.
Opportunities
Appreciation potential
Off-plan properties may have appreciation potential, especially if they are located in developing urban areas or areas in high demand. The resale value will depend on multiple factors, such as market conditions and each property's specific characteristics.
Simulate your mortgage with Banco Sabadell now and discover your personalised repayment plan1
Shall we help you calculate the type of mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process:
Have you now found the house you want?
The result of this simulation will be advertising and indicative based on provisional data. To prepare it, we will base ourselves on current market conditions and on the data that you provide us through the next screens. If you want to apply for a mortgage once you see the result of your simulation, you should contact us for more information and receive your personalized offer.
The granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
The granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
Apply for an off-plan mortgage in just 4 steps
Once your application has been reviewed and approved, you will be able to sign the mortgage contract and the deed before a notary.
Discover Banco Sabadell’s mortgages
Fixed-rate Mortgage
With the peace of mind of knowing that you will pay the same instalment every month.
Find out more
Variable-rate mortgage
With a monthly instalment that is linked to the evolution of the market.
Find out more
Mixed mortgage
Unaffected by changes at the beginning, but flexible to adapt to the market afterwards.
Green Mortgage
Build or energy renovate your first or second home.
Self-promotion Mortgage
Draw down funds from your loan as your home progresses
Non-resident Mortgage
For those living abroad and wanting to buy a second home.
Do you want to switch your mortgage?
We answer your most frequently asked questions
What is the Euribor and what is it used for?
The Euribor (Euro Interbank Offered Rate) is the average interest rate at which major banks in the eurozone lend money to one another. Its primary role is to serve as a benchmark for a wide range of financial products. In Spain, it is particulary important because it is commonly used to determine the interest rates applied to variable rate and mixed-rate mortgages.
What types of Euribor are there according to the calculation period?
The Euribor is calculated for several different maturities, with the most common being one week, one month, three months, six months, and twelve months. In Spain, the 12-month Euribor is the most commonly used benchmark for the annaul review of mortgage payments.
Why does the Euribor rise and fall? What factors influence it?
The Euribor is closely influenced by the monetary policy decisions of the European Central Bank (ECB). In general, Euribor rates tend to rise when the ECB increases interest rates to curb inflation. Conversely, they usually fall when te ECB lowers rates to encourage borrowing, investment, and economic growth.
What other mortgage reference indices exist?
In addition to the Euribor, the most widely used benchmark, there are other reference indices, such as the IRPH (Mortgage Loan Reference Index), which is used in some mortgages in Spain.
What has been the highest Euribor level recorded? And the lowest?
The Euribor reached its all-time high in July 2008, when it climbed to 5.393%, coinciding with the onset of the global financial crisis.
At the other extreme, its record low occurred in January 2021, when it fell to -0.505% amid the European Central Bank's negative interest rate policy designed to support economic activity.
At the other extreme, its record low occurred in January 2021, when it fell to -0.505% amid the European Central Bank's negative interest rate policy designed to support economic activity.
What is the difference between the Euribor and the mortgage spread?
The interest rate on a variable-rate mortgage is made up of two components: the Euribor, which is the variable part and is updated at each review period, and the spread, which is a fixed percentage added to it. The spread is agreed with the bank when the mortgage is signed and remains unchanged throughout the life of the loan.
How does the rise or fall of the Euribor affect my mortgage payment?
If you have a variable-rate or mixed-rate mortgage linked to the Euribor, your monthly payment is periodically reviewed, typically every six or twelve months. If at the time of the review the value of the Euribor has risen compared to the previous review, your monthly mortgage payment will increase. If it has gone down, your mortgage payment will decrease.
If you have any questions, you can contact Banco Sabadell on freephone900 700 010 .
If you have any questions, you can contact Banco Sabadell on freephone
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1. The personalised price included in this assessment is neither binding nor a substitute for the European Standardised Information Sheet (ESIS).