Mortgage Rates with Cajasol Bank Spain

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
12 Mar 2009 00:00 by chiefmissile Star rating in Oman. 62 posts Send private message

Hi,

Can anyone tell me when the current mortgage rate is due to change? we are paying around 6.25% i don't think that the current ECB is this rate.  We took over our developers mortgage in 2006, and as far as i know this rate has gone up slightly but not down can anyone explain.  Is it that mortgage rates are revieved once per year? any advice would be much apppreciated.





Like 0 Dislike 0       | Dislike
12 Mar 2009 08:18 by nfm2862 Star rating in Welling, Kent & Al A.... 1526 posts Send private message

nfm2862´s avatar

You will need to check the terms & conditions of your individual mortgage.

In general, mortgages are linked to the Euribor rate which currently stands at approx 1.93% for the 12 month rate. As I say, you would need to check your own T&C to establish whether your mortgage is reviewed annually or 6 monthly or whatever period.

The review date & the date that the rate actually changes can be very different. For example our mortgage was agreed in September, we completed 18th October, the new rate is applied as at 1st November with the new payment being taken 1st December.

You need to check your deeds or speak to your bank to clarify.

Noreen



_______________________

www.alandaluscarhire.com

www.vera-apartment.com

www.verathalassa.es 
 




Like 0 Dislike 0       | Dislike

Pages: 1 |

Post reply    Start new thread
Share it!


Previous Threads

Non-resident tax return for 2008 - 1 posts
Trying to see if I get notifiaction - 1 posts
newbie to EOS saying ola - 1 posts
Jet2 Edinburgh to Murcia flights put back - 2 posts
Archivelgolf resort hang on or sell? - 1 posts
Flight times from Glasgow to Malaga - 2 posts
Ryanair to now charge for on-line check in - 17 posts
HELP! BUYING....NEED ADVICE. - 1 posts
In the Dark - 6 posts
Prediction of eurbor rate for Mortgage starting 1st April? - 4 posts
van and driver needed - 3 posts
Well, yes, we have a happy story! - 11 posts
working part-time self employed - 4 posts
Free Bank Transfers ? - 1 posts
Insurance - 3 posts
advice please - 0 posts
mortgage broker - 2 posts
M & S now deliver to Spain - 9 posts
Spanish social security - 2 posts
New Pictures - 10 posts
Nissan Primera Estate T - SPEC Model For Sale or Swap - 0 posts
Paying Taxes - 2 posts
Help with everything please !!!! - 0 posts
Car hire Scam resolved - 1 posts
The good thing about the crisis.... - 17 posts

Number of posts in this thread: 2

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   
Compare car hire in Spain


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x