We use our own and third-party cookies to make our website work safely and personalize its content. Likewise, we use cookies to measure and obtain data on your navigation and to adjust advertising to your tastes and preferences. Press the "Accept all" button to confirm that you have read and accepted the information presented. To manage or disable these cookies, click on "Configuration". For more information see our cookies policy.
Modify cookies
Technical and functional Always active
This website uses its own Cookies to collect information in order to improve our services. If you continue browsing, you accept their installation. The user has the possibility of configuring his browser, being able, if he so wishes, to prevent them from being installed on his hard drive, although he must bear in mind that such action may cause difficulties in navigating the website.
Analytics and personalization
They allow the monitoring and analysis of the behavior of the users of this website. The information collected through this type of cookies is used to measure the activity of the web for the elaboration of user navigation profiles in order to introduce improvements based on the analysis of the usage data made by the users of the service. They allow us to save the user's preference information to improve the quality of our services and to offer a better experience through recommended products.
Marketing and advertising
These cookies are used to store information about the preferences and personal choices of the user through the continuous observation of their browsing habits. Thanks to them, we can know the browsing habits on the website and display advertising related to the user's browsing profile.

Banks reserve their best mortgages for their online subsidiaries

Published on March 26th 2018

Although it may seem strange, the best mortgages of 2018 are not in the windows of banks, but in the catalogs of their online subsidiaries.

Although it may seem strange, the best mortgages of 2018 are not in the windows of banks, but in the catalogs of their online subsidiaries. And is that according to a study by the financial comparator HelpMyCash.com, many banking groups choose to offer slightly more attractive mortgage loans through their virtual entities. Among those who follow this policy we find UCI (Hipotecas.com), Banco Sabadell (ActivoBank), Banco Popular (Oficinadirecta.com), Banco Santander (Openbank) and Bankinter (Coinc).

Similar interest, but with less additional expenses

That does not mean, however, that the mortgages with the head brand of the group are much worse than those of the online subsidiary. In fact, in many cases they have a very similar interest and the differences are basically in the small print of the product. Thus, while the main entity's mortgage loans incorporate commissions and several linked products, those of the virtual bank hardly include additional expenses.

One of the most obvious cases is the UCI. The variable mortgage of this entity has a Euribor interest plus 1.59% (1.99% fixed for the first 24 months), an opening fee of 0.5%, another for early amortization of 0.5% (0, 25% from the sixth year) and a linked home insurance. On the other hand, that of Hipotecas.com, its online subsidiary, has an identical interest, but does not include commissions or associated products.

Something similar happens with the mortgage loans that the Banco Sabadell Group markets in its header brand and in ActivaBank, its virtual entity. The Hipotecaria Expansión of Banco Sabadell and the Fixed Mortgage of AssetBank have the same interest (3.45%), an identical opening fee (1.5% with a minimum of 750 euros) and the same requirements for liaison (payroll and insurance of home and life). However, Banco Sabadell's life insurance is a single premium financed, while that of ActivoBank can be paid monthly and, therefore, cheaper in the long run.

 

Source: Finanzas.com

  • Barcelona

    93 293 19 07

    Paseo de Gracia 85, 8ª planta

  • Madrid

    91 800 54 66

    Serrano 60, 4ª planta

  • Sant Cugat del Vallès

    93 293 19 07

    Plaza Ausiàs March 1, 4ª planta

  • Valencia

    96 128 59 68

    Calle Mossen Femades 3, bajo dcha. Ed. Lauria

  • Palma de Mallorca

    97 100 32 03

    Calle Unió 9

  • Alicante

    96 564 11 13

  • Málaga

    95 156 38 58

  • Sevilla

    95 525 24 41