General features:

• The interest rate of theSuper Mixed Mortgage is composed of a fixed part for the first 5 years of the mortgage and a variable part (Euribor 12 months) for the remaining term of the mortgage, to which a differential (depending on your affiliation with MoraBanc*) is added, composed of the Euribor** plus the agreed differential.
  • Minimum interest rates: 2.00% for the first year, 2.50% from the second to the fifth year, and Euribor 12 months + 0.75% for the remainder of the term based on the products contracted with the bank and/or the energy certification of the property.
  • The maximum fixed interest rate without bonuses is 2.75% fixed for the first year, 3.25% fixed from the second to the fifth year, and Euribor 12 months + 1.50% for the remaining term.
• Amount that can be requested:
  • 95% of the lower value between the purchase price and the appraisal value.***
• Term and amortization:****
  • Up to 30 years.
• Associated loan fees:
  • Opening commission: 0%.
  • Commission for total or partial cancellation: 
    • Year 1, 2, 3, 4, 5: 2.00% 
    • Year 6: 1.50% 
    • Year 7: 1.00% 
    • Year 8: 0.50% 
    • During the remaining years: 0.00%
  • Capital and interest grace period: none.
• Financing is subject to study and approval by MoraBanc.
  
• The information obtained from the simulation of the loan interest rates does not constitute an offer, as the interest rates are merely informative.

Documentation and requirements necessary for the file:

• Documentation for the study:
  • Passport/ID.
  • Residence and work permit.
  • Domiciliation of receipts/CASS.
• Requirements for loan formalization:
  • Residence in the country for more than 12 months.
  • Employment at the company for more than 6 months.
  • Having the salary domiciled at MoraBanc.
  • Appraisal with an age not exceeding 6 months, counted from the date of formalization. The appraisal must be carried out by a valuation company authorized by the Bank of Spain and for the purpose of being subject to mortgage guarantee.
  • Purchase/sale commitment (earnest money contract or purchase/sale promise contract).
  • Copy of the energy certificate showing the energy label of the property provided by the selling party in the purchase deed.
  • Formalization of the operation before a notary.
  • Building insurance.
  • Contents insurance.
  • Life insurance in favor of the bank.

Other conditions:

*Bonuses: They apply in increments of 0.25%, reaching a maximum of 0.75%, both on the fixed rate and on the differential of the variable rate. They will apply to the indistinct contracting of any of the following products:

• Investment:
  • Periodic contribution of €75/month or equivalent to MB funds (0.25%) or a minimum position of €10,000
• Insurance (with Mora Assegurances):
  • Work disability (0.25%)
  • Health / Health Premium (0.25%)
• Savings – Pension (with Mora Assegurances):
  • Periodic contribution of €75/month or equivalent to MB Pension Plan (0.25%) or a minimum position of €10,000
  • Periodic contribution of €75/month or equivalent to MB Retirement Plan (0.25%) or a minimum position of €10,000
• Energy efficiency improvement certificate:
  • Class A or B (0.25%)

If a new account is created, a minimum period of 3 months will be granted for the client to meet all the bonuses, and they will be informed of any possible changes in the interest rate if the level of linkage increases or decreases.

In the event that the mortgage is granted to the patrimony of a client, the requirements to obtain bonuses must be met by the guarantors of the same (individuals).

** You can choose between Euribor 3 months, 6 months, or 1 year. The interest rate will be reviewed with the frequency of the chosen Euribor. In case the Euribor is negative, Euribor = 0% + differential will be applied.

*** The price of the financing must be less than €500,000.

**** The amount of the monthly installment cannot exceed 35% of the effort percentage, coefficient between the annual installments plus the rent (in case there is no mortgage) and the net fixed income (net annual income from IRPF and CASS). The maximum term is your retirement age. Also, you can choose the day of the receipt charge.