Fixed-rate mortgage in Málaga

We arrange your fixed-rate mortgage free if you buy with us

We want buying your new home to be an easy, stress-free experience, which is why we want to make it simple for you.

If you need financing to buy your house, we'll take care of everything for your peace of mind. Save time and money with our comprehensive service.

While a property advisor manages every detail of buying your new home, our financial advisor will negotiate with each bank on your behalf to secure you the best market terms and a mortgage tailored to your needs.

Get your fixed-rate mortgage in Málaga now and always pay the same.

Steps to get a fixed-rate mortgage

Here are the steps of our method for getting you the best fixed-rate mortgage in Málaga:

• Financial advice: we build your profile to tell you the mortgage requirements and conditions.
• Submitting the mortgage: we submit your mortgage to different banks on your behalf according to your needs.
• Negotiating the terms: Once we have a response from all the banks, we negotiate directly with each one to lower the interest rate and secure you the best terms.
• Choose your mortgage: all the bank offers will be presented and explained to you so you can choose the mortgage you want.
• Valuation: we manage and accompany the valuer
• Support at the notary: on the day of signing before the notary, your personal advisor will be with you, just as throughout the whole process.

Fixed-rate mortgages in Málaga: terms and features

Cada vez son más personas las que nos preguntan por las hipotecas fijas. Muchos clientes tienen miedo a que la cuota se les suba demasiado y no poder hacer frente a ella en caso de tener una hipoteca variable.

Hace 20 años las hipotecas fijas representaban un porcentaje muy bajo de todas las hipotecas que firmaban anualmente en España. Pero en los últimos años con los tipos de interés tan bajos y la apuesta de los bancos por éste producto ha supuesto una proliferación de las hipotecas fijas.

Today all banks offer both fixed and variable-rate mortgages to their clients, and which one they choose ultimately depends on their profile and preference.

What is a fixed-rate mortgage?

The main feature of a fixed-rate mortgage is that the repayment doesn't change over the life of the loan, as it isn't linked to changes in Euribor.

The client knows in advance what the fixed-rate repayment will be for the whole term, avoiding surprises in the future.

Fixed-rate mortgages in Málaga: terms to consider

Before applying for a fixed-rate mortgage in Málaga, you'll need to research whether it suits you best.

Although knowing in advance what you'll pay over the life of the mortgage gives great peace of mind, you should look at all the terms to see whether it's right for you.

What do I need to consider when taking out a fixed-rate mortgage?

There are several special mortgage terms to consider before deciding.

1. Term: some lenders such as ING cap their fixed-rate mortgages at 25 years, while variable ones can run to 40. If you want a longer term to lower the monthly repayment, you'll need to decide between a 25-year fixed rate or a longer variable rate.
2. Interest rate: as a general rule, a fixed-rate mortgage costs more than a variable one. Currently variable-rate mortgages are around 1%, while fixed rates range between 1% and 2%.
3. Bank tie-ins: tie-ins are bank products the lender lets you take out to reduce the mortgage interest rate. The main ones are paying your salary into the account and life and home insurance, although there are less common ones such as non-payment insurance, debit and credit cards and pension plans.
4. Fees and costs: each bank has its own terms, and you should choose one that doesn't charge unnecessary, avoidable fees. Make sure your mortgage is with a lender without high costs and fees that make it more expensive.

How do you get the best fixed-rate mortgage?

At Valoracasa Estate Agents we want to help you get the best fixed-rate mortgage in Málaga.

That's why our mortgage department is at your disposal to advise you and arrange your mortgage.

We arrange your mortgage free if you buy with us.

Request your free advice and find out your real chances of getting a fixed-rate mortgage in Málaga.

Which is better: a fixed or variable-rate mortgage?

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• Keys to getting the best self-build mortgage

  What matters is that you know your strengths and weaknesses in the eyes of the banks and negotiate with every lender to find the best mortgage. Remember that a bad mortgage can turn a home purchase into a failure, which is why it's important not to settle for the first mortgage you're offered.

  Shop around the banks and negotiate every mortgage term hard to secure the best interest rate.

  The best fixed-rate mortgage is the one that suits your needs and whose repayment is below 35% of your monthly income.

What matters is that you know your strengths and weaknesses in the eyes of the banks and negotiate with every lender to find the best mortgage. Remember that a bad mortgage can turn a home purchase into a failure, which is why it's important not to settle for the first mortgage you're offered.

Shop around the banks and negotiate every mortgage term hard to secure the best interest rate.

The best fixed-rate mortgage is the one that suits your needs and whose repayment is below 35% of your monthly income.

• What is the best fixed-rate mortgage?

  Today almost every bank has a fixed-rate mortgage to offer its clients.

  Competition between banks has increased in recent years, and they're trying to win better clients with better terms and better mortgages.

Today almost every bank has a fixed-rate mortgage to offer its clients.

Competition between banks has increased in recent years, and they're trying to win better clients with better terms and better mortgages.

• How do you arrange a fixed-rate mortgage?

  When applying for a fixed-rate mortgage in Málaga, it's important to shop around and negotiate the best one rather than settling for the first offer.

  You can negotiate the banks' initial offers and improve the terms until you get the one you want.

  1. Contact the banks: get in touch with as many banks as possible and get a firm offer. Study each mortgage and list the pros and cons of each until you're left with the two best
  2. Negotiate the mortgage: once you have the two best mortgages, negotiate the particular terms, interest rate and tie-ins with both lenders.

  Ideally, the fixed-rate mortgage would have an interest rate below 1.60% without too many bank products that add to the costs.

When applying for a fixed-rate mortgage in Málaga, it's important to shop around and negotiate the best one rather than settling for the first offer.

You can negotiate the banks' initial offers and improve the terms until you get the one you want.

1. Contact the banks: get in touch with as many banks as possible and get a firm offer. Study each mortgage and list the pros and cons of each until you're left with the two best
2. Negotiate the mortgage: once you have the two best mortgages, negotiate the particular terms, interest rate and tie-ins with both lenders.

Ideally, the fixed-rate mortgage would have an interest rate below 1.60% without too many bank products that add to the costs.