Young people's discounted mortgage
Young people's discounted mortgage
Enjoy the best conditions for your mortgage: finance your home up to 40 and up to 80%. Now you can make your dream come true with Young People's Mortgage.
You won't find lower interest rates anywhere!. Or better conditions!.
And if you are 25 or under, enjoy the advantages of BSClickOK .
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Rates and commissions
The Young People´s Discounted Mortgage offers you four different rates with discounts on the interest rate according to the products that you have signed up for with our bank:
Standard Rate Euribor + 1,90 Discounts Life Insurance- 0,40Payment Protection Insurance- 0,10Home Insurance- 0,10Salary- 0,40Maximum Rate Bonus Euribor + 0,90 Commissions
- Opening: Up to 0%
- Abandonment fee: 0.50% in the first 5 years of the mortgage. 0.25% for the remaining years.
Apply now...-
By Internet
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By visiting our branches
Young people's discounted mortgage-
Call at number
902 175 492
From Monday to Friday (8 - 22h) - Visit our branches
- Conditions
As well as choosing the type, you can enjoy the best conditions.
- Maximum financed : up to 80% of the lesser value between sale price and valuation for the first residence and up to 70% for the second residence
- Repayment term : up to 30 years
The maximum age of one of the contracting parties at maturity of the mortgage cannot be more than 75.
- Taxation
• The deduction base comprises both the sums paid for the acquisition, construction, enlargement or refurbishment of the habitual dwelling, including expenses incurred by the acquirer and also for the repayment, interest and cost of variable interest rate risk hedge instruments of the mortgage loan.
• The deduction is divided into two tranches: State and autonomic A state percentage of 7.5 % is established plus the autonomic tranche which is fixed by the Autonomous Community in which the taxpayer resides (If the Autonomous Community has not approved any specific percentage, the 7.5% percentage will be applicable to the autonomic tranche).
For dwellings acquired as from 01/01/2011, only taxpayers whose tax base is lower than 24,107.20 euros per annum are entitled to this deduction. The maximum base of this deduction is:
- When the tax base is equal to or lower than 17,707.20 euros per annum: 9.040 euros per annum
- when the tax base falls between 17,707.20 and 24,107.20 euros per annum: 9.040 euros minus the result of multiplying the difference between the tax base and 17,707.20 euros per annum by 1.4125.
Taxpayers whose Personal Income tax base is over 17,724.90 euros per annum who acquired their habitual dwelling prior to 1 January 2011 or paid sums prior to this date for the construction of same may continue to apply the deduction for acquisition of the dwelling, taking as the maximum deduction base that established by law until 31 December 2010, even when their tax base is equal to or greater than 24,107.20 euros per annum.
• The Personal Income Tax law defines habitual dwelling as that in which the taxpayer resides during a continuous three year period, except in the event of death, separation of marriage, work transfer, first employment or more advantageous employment or other similar circumstances. The Administration considers that a taxpayer cannot simultaneously have more than one habitual dwelling.
• In the event of acquiring an habitual dwelling after having received deductions for the acquisition of another habitual dwelling, the sums invested in the new dwelling are excluded from the deduction base provided they do not exceed those invested in the previous dwelling, insofar as deductions had been obtained for same.