WHAT DOES IT OFFERS ME?

A mortgage for young people 35 years old and under

FINANCING UP TO 95% OF THE LOWEST OF THE SECURITIES BETWEEN SALE AND APPRAISAL

If you are under 36 years old and you are thinking of buying your first home, at Banco Santander we can offer you a Youth Mortgage, loaning you more money than usual mortgages, which may be up to 95% of the lowest of the two values of the appraisal and the sale price, so that your initial investment will be much smaller.

Calculate your mortgage's monthly repayments and associated costs with our mortgage calculator, and do your own maths.

Don't overthink it. Leave your details and a specialised manager will call you to start the arrangements to buy your new home!

REQUIREMENT FOR THE YOUTH MORTGAGE

This mortgage is for you if:

  • You are under 36 years.
  • You take out a mortgage to buy a primary residence.
  • You offer sufficient joint and several personal guarantee (endorsement) from third parties, as well as the mortgage collateral2.

CHARACTERISTICS

  • You can apply for a mortgage loan at fixed or variable interest rate.
  • Loan of up to 95% of the lowest of the two values of the appraisal and the sale price.
  • You must always contribute at least, through your own funds, the difference between the price of the sale and the amount financed.
  • Charge or fee for total or partial early repayment:
  • Variable rate: one of the following:
  • 0,25% of the principal repaid early when partial or full repayment takes place during the loan's first three years; or
  • 0,15% when partial or full repayment takes place during the loan's first five years.

Under no circumstances may the fee exceed the amount of financial loss3 incurred by the bank.

  • Fixed rate: fee for early repayment. In the event of full or partial early repayment, the borrower must compensate the bank. This will include:
  • 2% of the principal repaid early when early repayment takes place during the loan's first ten years and,
  • 1,5% of the principal repaid early when early repayment takes place after ten years.

The charge will not, in any case, exceed the amount of the financial loss that the bank may incur based on the fixed rate4.

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Take out your youth mortgage in a few steps.

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Youth Mortgage

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