Which bank gives the best mortgage?

The best mortgage is one in which the bank can finance the maximum possible price of the home to be repaid in the longest possible time frame and with the minimum interest , whether it is a fixed rate or a variable rate.

For example, a bank that grants you 100% of the financing with a fixed rate of less than 1.5% or a variable rate lower than Euribor plus 0.9% would be considered good conditions for most.

We must also consider the cancellation conditions, in case at any time we want to change banks or sell the house. And it never hurts to know if they have good customer service, as it will make any future procedure easier for us.

What to look for when taking out a mortgage

The most important thing to look at when taking out a mortgage is the interest rate , since this will determine the final cost of what you are going to pay. As we have said, this can be fixed or variable.

On the other hand, most banks will ask you to take out other additional products to the mortgage to lower the interest. For example, they may ask you to take out life and home insurance or to direct debit your payroll. If these products suit you, it may be a good idea to reduce the fee.

Also take into account the commissions, such as the cancellation commission that we have already mentioned, or the opening commission, subrogation... they can normally be negotiated.

Best mortgages this year

If you want to find the best mortgages, at Tiko we recommend that you use this form that will help you find the bank that can offer you the best conditions according to your circumstances.