Fixed Mortgage
So you always pay the same instalment.
The most
chosen
2.75% NIR (3.40% APR1)
This price does not include a discount. If the mortgage is contracted with discounts; bringing your payroll and have home, life and payment protection insurance contracted with Banco Sabadell, the conditions will be as follows: From 1,75% NIR (2,85% APR)2.
The interest rate on your monthly fee will always be the same.
With the new Real Estate Credit Act 5/2019, the bank assumes the management fees and property registration.
Up to 30 years to return your mortgage.
If you prefer to speak with a manager, we're at your service at your branch. Shall we meet?
Don't miss any step.
Discover the before, during and after your mortgage.
What is the NIR? And the APR?
We explain these two concepts and many more, so that you'll find understanding your mortgage is much easier.
Why trust Banco Sabadell with your mortgage?
A manager will be by your side from beginning to end to make everything easier.
With a 100% personalised price and service adapted to your needs.
That's why you'll find the mortgage that suits you best at Banco Sabadell.
What should you know if you are going to ask for a mortgage?
Buying a home in Andalusia?
FIPRE / Pre-contractual information Andalusia
Related information
Terms and conditions valid up to 30/04/2020.
1. In the case of taking out the mortgage without any bonus, the terms and conditions are as follows:
Charge for the Linked Account: €30/quarter.
The arrangement fee will be 1.00% with a minimum of €750.
2.75% NIR (3.40% APR)
Total amount owed: €236,897.96.
Monthly repayments: 359 instalments of €612.37/month and a last instalment of €609.41.
Mortgage amount: €150,000.
Duration: 30 years
What does the APR calculation include?
Arrangement fee: €1,500.
Monthly damage insurance cover, mandatory throughout the life of the mortgage (does not have to be taken out with Banco Sabadell): €30.61.
Land Registry searches charge: €25.41.
Valuation fee: €302.71.
The APR may vary depending on the repayment period and the amount financed.
Repayment system and formula used to calculate the capital and interest repayments:
The French repayment system, based on constant instalments, is used to calculate the amount to be repaid. In other words, the same amount is paid every month provided the interest rate applicable to the mortgage doesn't alter during the repayment period, or no early repayments are made.
One part of the mortgage payment is made up of interest and another part of the total amount of the loan to be repaid. Since the amount to be paid is constant, as the outstanding capital of the mortgage gets smaller, the interest accruing on this capital is less. Therefore, during the first few years of the mortgage, you pay off more interest than capital while, during the final period of the loan, you pay off more capital and less interest.
How the monthly repayments are calculated:
Instalment = ...
Where:
N = outstanding loan capital;
i = nominal interest expressed as a decimal;
p = repayment periods in one year;
t = number of years left to repay the mortgage.
In our example, to calculate the first year's instalment, "N" would be 150,000 (initial capital of the mortgage), "i" would be 0.0275 (nominal annual interest rate for the first year divided by 100), "p" would be 12 (number of instalments to be paid per year) and "t" would be 30 (number of years), resulting in a monthly payment of €612.37.
How the monthly interest repayments are calculated:
Monthly interest repayment = ...
Where:
N = outstanding loan capital;
i = nominal interest expressed as a decimal;
p = repayment periods in one year.
In the previous example, the part corresponding to interest payment within the monthly payment is calculated by replacing "N" with 150,000 (initial capital of the mortgage), "i" with 0.0275 (the first year's interest rate divided by 100) and "p" with 12 (number of repayment periods in one year), resulting in €343.75 corresponding to the interest repayment as part of the first month's instalment.
The remaining amount of the instalment, after deducting the interest repaid, is what is used to pay off the capital.
2. In the case of taking out the mortgage with a bonus, the terms and conditions and the calculation of the APR are as follows:
Mortgage amount: €150,000.
Duration: 30 years.
Charge for the Linked Account: €30/quarter.
Maximum bonus: salary or pension paid directly into an account and associated insurance policies taken out: Constant Capital Life Protection, House Protection and Payment Protection.
Total amount owed: €220,993.35.
Monthly repayments: 359 instalments of €535.87 and a last instalment of €534.13.
What does the APR calculation include?
Arrangement fee: €0.
Associated constant capital life insurance via a quarterly premium paid throughout the period of the mortgage: €93.13.
Payment protection insurance via a single premium covering 100% of the capital for a period of 5 years: €1,958.57 (example for a 30-year-old man).
Home Protection Insurance for the life of the mortgage via a monthly premium: €30.61.
Land Registry searches charge: €25.41.
Valuation fee: €302.71.
The APR may vary depending on the repayment period and the amount financed.
Additional information:
Offer valid only for residents in Spain with income and assets only in euros.
Representative examples of mortgage-backed loans on residential properties to finance the purchase of housing by individuals acting as consumers. The Bank will also need to previously approve the transaction. No advisory service is provided. Interest rate conditions subject to risk analysis by Banco Sabadell. These conditions may vary depending on the result of the risk analysis. Pursuant to Article 1911 of the Spanish Civil Code, which enshrines the principle of universal liability, in the event of default the debtor and, where appropriate, any joint and several mortgage coventors or guarantors, will be liable with all their present and future assets and may even lose their home(s) and/or any other assets they own.
This offer is not valid for transactions concerning housing to be executed or carried out in the Autonomous Community of Andalusia. Please check the existing special offer at your branch.
Additional information about the insurance policies associated with your mortgage:
House Protection, Payment Protection and Total Payment Protection are insurance policies by BanSabadell Seguros Generales S.A. de Seguros y Reaseguros, with Tax Code A64194590 and domiciled at Calle Isabel Colbrand, 22, 28050 Madrid, entered in the Company Register of Madrid and in the Register of Insurance Entities of the DGSyFP under code no. C-0767.
Total Life Protection and Constant Capital Life Protection are insurance policies by BanSabadell Seguros Generales S.A. de Seguros y Reaseguros, with Tax Code A08371908 and domiciled at Calle Isabel Collbrand, 22, 28050 Madrid, entered in the Company Register of Madrid and in the Register of Insurance Entities of the DGSyFP under code no. C-0557.
Insurance brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A., Tax Code A-03424223, domiciled at Avda. Óscar Esplá, 37, 03007, Alicante, entered in the Company Register of Alicante and in the Special Administrative Register of Insurance Brokers of the DGSyFP under code OV-0004, having taken out civil liability insurance in accordance with the regulations on the distribution of private insurance and reinsurance in force at any time.
You can consult the insurance companies with which BanSabadell Mediación has an insurance agency agreement at www.bancosabadell.com/bsmediacion.
- Your identity document (DNI / NIF)
- Proof of other income, if any (rent, commission, account interest, overtime, etc.)
- Last 2 receipts of your regular payments, indicating the balances pending (mortgages, personal loans, card credit, maintenance obligations and alimony, rental payments, other debts, etc.)
- Your employment record: You can apply for it via the Social Security website or by calling 901502050.
- If you are a salaried worker, present your last income tax return and last 2 salary /pension slips.
- If you are self-employed, you will need the income tax return of the last 2 years and the quarterly Personal Income Tax (IRPF) and VAT (IVA) payments of the current year.
- If you are not a Banco Sabadell customer, we will need a bank statement for the last 6 months of your main account (salary, chief bills …).
