Premium mortgage

Fixed Rate Premium Mortgage

Fixed Rate Premium Mortgage

The Bank Popular offers the so-called Premium Mortgage which can be fixed, variable or variable with option. For all requests signed from May 9, 2016 to July 31, 2016 and stipulated by September 30, 2016, the bank has thought of an offer with these main features:

  • a spread ranging from 0.95% for ten-year loans to 1.55% for longer loans: option valid up to 80% of the value of the property and also for subrogation operations
  • a duration ranging from 10 to 30 years according to the specific needs and the respective repayment capacity.

Let’s see what this is all about. Shown on the official website as “the mortgage with no surprises and always with the same installment”, it is advertised as the best fixed rate mortgage offer. Ideal for those who want to buy a house or transfer the loan to Bank Popular, this type of mortgage protects from uncertainty and the variability of market rates. This allows you to establish an installment and have no surprises.

The fixed-rate installment is certainly suitable for those who do not want surprises.

Mortgage: for those who are suitable and the general conditions

Mortgage: for those who are suitable and the general conditions

The Fixed Rate Premium Mortgage is definitely suitable for those who want to be sure of the installment, ie for those who want to have a stable amount over time.

The duration of the loan can go from 10 to 30 years and you can finance up to 80% of the property. As indexation parameter there is the IRS (Interest Rate Swap) which is valid for the entire duration of the loan.

The conditions also apply to those who want to transfer the loan stipulated with another bank to Bank Popular at zero expense. In fact, in addition to advantageous market conditions, the preliminary investigation, appraisal costs and notary fees are not counted.

Among the insurances, compulsory and optional coverages are provided.

Mandatory coverage is required:   the fire policy of the building, which the customer can stipulate with leading insurance companies with a bond in favor of the bank or directly with the bank that takes on the role of privileged creditor.

The optional covers are:

  • Content Fire Policy
  • Third Party Appeal
  • Content Theft
  • Household Liability Policy
  • Home assistance
  • Legal protection

In case of total and / or partial early termination no penalty will be applied.
The 1st degree mortgage guarantee is required and the mortgage registration is equal to 200% of the disbursed capital.

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