What is the Discounted Mixed Mortgage?

The Discounted Mixed Mortgage combines the characteristics of a fixed and a variable mortgage. During the first 9 and a half years, your repayment will be fixed, set from the start; whereas, for the remaining years, the repayment will vary according to the Euribor.


If you get bonuses from the sixth month...

If you don't get bonuses from the sixth month...

Fix rate
First six months
4.40% NIR

4.40% NIR

Fix rate

Next 9 years

4.30% NIR

5.40% NIR

Variable rate

Remaining years

Euríbor  +0.80%

Euríbor  +1.90%

4.95% APR3 5.65% APR2

How can I access the discounted interest rate starting the seventh month?

To obtain the discounted interest rate from the seventh month onwards you can choose between the following products or services up to a discount of 1.10%:


Get your salary or unemployment benefit, Pension, Self-Employment Social Security payment or CAP subsidies paid directly to your accounts :

  • Discount of 0.50% applicable if any of the borrowers has a salary of at least €600/month paid directly into their account, or if any of the borrowers has a pension or unemployment benefit of at least €300/month paid directly into their account, or if the social security payment of one of the borrowers is at least €175/month paid directly into their account, or if any of the borrowers has CAP benefits paid directly into their account, regardless of the amount received.

The bonus for this concept will be 0.50% on the applicable nominal interest rate, irrespective of the products or services which the borrower, or borrowers if there are several, may have contracted.


Use Santander credit cards at least six times in the three-month period leading up to the interest rate review. Discount: 0.05%.


Currently have any of the following insurance: Risk Life Insurance from Santander Vida Seguros y Reaseguros, S.A. or from Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., Seguros de Hogar de Santander Generales Seguros y Reaseguros, S.A. or Accident or Temporary Disability Insurance for Freelancers from Santander Generales Seguros y Reaseguros, S.A., all sold by Santander Mediación Operador de Banca-Seguros Vinculado S.A., with tax no. A28360311, through its distribution network, Banco Santander, S.A4.

Discount of 0.10% for each €100 of annual premium, individually for each of the insurance policies taken out among those indicated above (premiums are not added up). With a maximum discount of 1%.

All the above-mentioned items may yield a maximum discount of 1% when added together. Also:


If you also provide an efficiency certificate according to the terms indicated bellow, you may add another 0.10% to your discount, which may reach a total discount of 1.10%.

Provide the Bank with an Energy Performance Certificate of the property or any of the properties subject to mortgage, with energy efficiency rating A or B for each of the numerical indicators contained in that Certificate (non-renewable primary energy consumption and CO2 emissions) or if any of the certificates indicated below are provided: BREEAM EXCELLENT, BREEAM EXCEPTIONAL, LEED GOLD, LEED PLATINUM, PASSIVE HOUSE CLASSIC, PASSIVE HOUSE PLUS, PASSIVE HOUSE PREMIUM or GREEN Certificates whatever the qualification of the same.

Amounts, terms and fees of the Mixed Mortgage

  • What are the maximum amounts and terms for a primary residence?

  • Maximum amount: 80% of the appraisal value of the property.

    Maximum term: 30 years.

  • What are the maximum amounts and terms for a second residence?

  • Maximum amount: 70% of the appraisal value of the property.

    Maximum term:25 years.

    For both primary and secondary residences, customers must provide, through their own funds, at least the difference between the sale price and the amount financed. The length of the mortgage plus the holder's age may not add up to more than 80 years.

  • What are the associated fees5?

  • Opening fee: 0%.

    Commission for partial and total early repayment. In the event of a full or partial early repayment or repayment, the borrowing party shall compensate the Bank. Such compensation shall consist of:

    • In 2% of the capital repaid in advance, if the advance repayment takes place during the first 10 years of the loan.

    Under no circumstances may the compensation exceed the amount of the financial loss that the Bank would suffer.

  • Mortgage constitution expenses6

  • They will be assumed by Banco Santander when contracting with natural persons, except for appraisal expenses and Nota Simple, which will be assumed by the client.

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