Super Mixed Mortgage
The best of every house
Finance the purchase of your first home up to 95% of its value and pay it back for up to 30 years as long as you do not exceed retirement age.
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Minimum interest rates: 2.50% for the first year, 3.00% from the second to the fifth year, and Euribor 12m + 0.50% for the remaining term.
Depending on the products you have contracted and/or the energy certificate of the home.
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Financing up to 95%
If you are under 40 years old and contribute 10% with a secured guarantee, you can request up to 95% of which is ever is lower between the purchase value and the appraisal valuation for your usual home and start the project of your new home.
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Pay back up to 30 years
As long as the age of 65 is not exceeded.
Features
- Mixed mortgage to buy a first home for individuals resident in Andorra.
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Minimum interest rate: 2.50% for the first year, 3.00% from the second to the fifth year, and Euribor 12 months + 0.50% for the remaining term based on the products contracted with the bank and/or the energy certificate of the property. The maximum fixed interest rate without bonuses is 2.5% fixed for the first year, 3.5% fixed from the second to the fifth year, and Euribor 12 months + 1.25% for the remaining term.
See terms and conditions - Financing up to 95% of the which is ever is lower between the purchase value and the appraisal value if you are under 40 years old and contribute 10% with a secured guarantee.
- Maximum term of 30 years with the age limit of 65 years.
- You will need to have your payroll registered at MoraBanc, life insurance and home insurance to formalise the mortgage.
- No opening commissions
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Granted in a maximum of 15 days provided that all the necessary documentation is available.
See required documents - Maximum amount of principal granted: € 500,000
- Every financing operation is subject to evaluation by MoraBanc.
The interest rate of the Mixed Mortgage is made up of a fixed part for the first five years of the mortgage and a variable part (Euribor 12 months) for the rest of the mortgage term to which a differential is added.
Some MoraBanc Grup products offer interest rate subsidies on the Mixed Mortgage and help you to reduce the differential rate on your mortgage.
Contracting them is not mandatory, but they can help you pay less for your mortgage.
To get the bonus every year maximum of 0.75% you will have to have three of these products:
- Savings/investment with a minimum monthly contribution of €75, its annual equivalent, or a direct contribution of €10,000.
- Insurance: Sick leave or health insurance from MoraBanc Insurance
- Savings and social security: MoraBanc Insurance pension plan or retirement plan products
It also counts as a bonus requirement the contribution of the:
- Energy efficiency improvement certificate class A/B
The amount of your monthly fee and the sum of your current debt cannot exceed 35% of your monthly income.
This product has no grace period of principal or interest.
- Arrangement fee: 0%
- Total or partial cancellation fee: 2%
If the Euribor is negative, Euribor = 0 plus the differential is applied.
The financing is subject to assessment and approval by MoraBanc.
Maximum amount of principal granted: €500,000
Documents needed for your Super Mixed Mortgage application
- Passport/National Identity Card and Andorran Work and Residence Permit
- Account opening contract
- Salary paid directly into MoraBanc account
- CASS (Social Security) points updated
- Proof of extraordinary income, if any
- To have been in the country for over 12 months and in the company for over 6 months
- Updated valuation of the property
Documents and requirements needed for closing the Super Mixed Mortgage
- Commitment to buy/sell (earnest money contract or contract of promise of sale)
- Life insurance
- Home insurance
- Copy of the Energy Certificate showing the property’s energy label provided by the seller in the deed of sale. If it is class A or B you will be able to get a discount on the interest rate.
- Mandatory payment by non-negotiable cheque
- Sign the transaction before a notary
Apply
Write to us and we will contact you.
Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
Or call us on +376 88 48 84
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