Mortgages

Discounted Mixed Mortgage

Enjoy the peace of mind of a fixed mortgageover whichever term you choose (two and a half years or nine and a half years), and variable interest rate depending on the evolution of the Euribor rate over the remaining term. Offer available for online booking*.

Calculate repayment

Combine the fixed and floating rate

With a fixed repayment amount at the start and then a variable repayment according to the Euribor.

We provide you with products

That could rebate your quota.

Enjoy a

Arrangement fee of 0%.

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.

	Period	If you get bonuses from the seventh month...	If you don't get bonuses from the seventh month...
Fix rate	First six months	2,85% NIR	2,85% NIR
Fix rate	Next 9 years	2,75% NIR	3,85% NIR
Variable rate	Remaining years	Euríbor +0,84%	Euribor +1,94%
VariableAPR		3,46% VariableAPR³	4,14% VariableAPR²

Plus... We are offering our Discounted Mixed Mortgage Plus

If you want to shorten the fixed length of your mixed mortgage, we are offering the Discounted Mixed Mortgage Plus, a combination of the features of a fixed- and variable-rate mortgage where during the first two and half years, you will make a set payment, fixed at the start of your contract; thereafter, your payments will vary according to the Euribor rate.

	Period	If you get bonuses from the seventh month...	If you don't get bonuses from the seventh month...
Fix rate	First six months	2,73% NIR	2,73% NIR
Fix rate	Next 2 years	2,63% NIR	3,73% NIR
Variable rate	Remaining years	Euríbor +0,90%	Euríbor +2,00%
VariableAPR		3,59% VariableAPR⁵	4,28% VariableAPR⁴

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 income paid directly to your account

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 of cards

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

Insurance policies

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.A⁶.

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).

Alarms

Have arranged the rental, through Banco Santander, S.A., of a security system, where the provider of the services associated with the system is MOVISTAR PROSEGUR ALARMAS, S.L., as long as the rent is charged directly (and not returned) to an account held at the bank in the borrower's name, or in the name of one of the borrowers if there are more than one.

In order to enjoy this discount once the rental ends, and for the remainder of the mortgage term, the borrower/s must keep the alarm maintenance service active, through MOVISTAR PROSEGUR ALARMAS, S.L., and the bills for the service must be charged directly (and not returned) to an account held at the bank in the borrower's name or in the name of one of the borrowers if there are more than one. Discount: 0.20%.

All the sections indicated above may give a maximum bonus of 1% with the sum of all of them.

Energy efficiency certificate

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; i.e. AA, AB, BA, or BB rating) 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

Maximum amount: 80% of the appraisal value of the property.
Maximum term: 30 years.

The client must contribute, at least, through own funds, the difference between the purchase price and the amount financed. The term of the mortgage plus the age of the holder at signature may not exceed 80 years of age. In the case of the Subsidized Mixed Plus Mortgage, the minimum term to contract is 20 years.

Maximum amount: 70% of the appraisal value of the property.
Maximum term: 25 years.

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. In the case of the Discounted Mixed Mortgage Plus, the minimum contract term is 20 years.

Opening⁷ fee: 0%.

Commission for partial and total early repayment. Said compensation will consist of 2% of the capital reimbursed early, when the total or partial reimbursement takes place during the years in which the fixed interest rate is applied. During the rest of the years, one of the following assumptions will be agreed: 0.25% of the capital reimbursed early, when the total or partial reimbursement takes place during the period of application of the variable interest rate, provided that no more than of three years of validity of the loan; o 0.15% of the capital repaid early, when the total or partial repayment takes place during the period of application of the variable interest rate, provided that no more than five years have elapsed of the loan.

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

They will be assumed⁸ by Banco Santander when contracting with natural persons, except for appraisal expenses, which will be assumed by the client.

*The conditions detailed here apply to the contracting of the mortgage online. You can check other offers at your nearest branch.

1. Offer ends on November 15, 2025. Financing subject to Banco Santander's approval. For homes without any charges or encumbrances. This information does not replace the pre-contractual information file, available at www.bancosantander.es and the bank's branches. You can visit your branch to request the European Standardised Information Sheet (ESIS). In case of proceeding with the proposal, the rest of the mandatory pre-contractual documentation will be delivered.

For the Mixed Mortgage with 9 and a half years fixed rate and variable thereafter: Minimum mortgage amount: €20,000.00. Interest rate: for the first six months the annual nominal interest rate is NIR 2.85%. After the first six months and until next 9 years, the interest rate will be fixed and will be reviewed on an annual basis. If none of the specified conditions are met, the annual nominal interest rate will be NIR 3.85% (VariableAPR: 4.14%²). If all specified conditions are met, a variety of reductions may be made to this interest rate, in the form of a discount, of up to 1.10 percentage points, resulting in an annual nominal interest rate of NIR 2.75% (VariableAPR: 3.46%³). From nine years and six months, the annual nominal interest rate will be variable and will be reviewed on an annual basis. If none of the specified conditions are met, the annual nominal interest rate will be Euribor +1.94% (VariableAPR: 4.14%²). If all specified conditions are met, the interest rate may be discounted by up to 1.10 percentage points, resulting in an annual nominal interest rate of Euribor +0.84% (VariableAPR: 3.46%³). The terms, conditions and opinions contained in this document are merely for information and guidance and are provided solely for those purposes. This document does not constitute an offer or recommendation for contracting, purchase or sale or for any other transaction. You may lose the property if any of the obligations contained in the mortgage loan agreement are breached. In the event of non-payment and in all cases of mortgage acceleration, the bank may, after sending prior notification to the address you indicated for mortgage foreclosure purposes, pursue personal action against you or move to foreclose the mortgaged property. You will therefore be liable as before the bank for repaying the loan with all your present and future assets as well as the mortgaged property. In accordance with article 105 of the Mortgage Law and article 1911 of the Civil Code.

2. VariableAPR 4.14%, calculated pursuant to the formula that appears in Annex II of Law 5/2019, of 15 March, regulating real-estate loan agreements, for a loan of €150,000 and a repayment term of 25 years, to be repaid in 300 monthly instalments of €699.67 each for the first six months, when the nominal annual interest rate of NIR 2.85% will be applied, and of €777.97 each from the seventh month onwards until the next 9 years, when a nominal annual interest rate of NIR 3.85% will be applied, and of €792.32 each from the 9 and a half years onwards, when the nominal annual interest rate of Euribor +1.94% will be applied in case none of the indicated conditions are satisfied, including in the calculation of compulsory fire and other damage insurance: €150 per year (indicative amount given that cost will vary depending on the insurance company).

Total cost of the loan €89,642.80 (including interest amounting to €85,590.30). Total amount due (sum of the loan amount and the total cost of the loan): €239,642.80. Price subject to risk analysis.

3. VariableAPR: 3.46%, calculated in accordance with the formula that appears in Annex II of Law 5/2019, of 15 March, regulating real-estate loan agreements, for a loan amounting to €150,000 and a term of 25 years, to be repaid in 300 monthly repayments of €699.67 each, for the first six months, when the initial annual nominal rate of NIR 2.85% will be applied, and of €692.10 each, from the seventh month to the next 9 years, when an annual nominal rate of NIR 2.75% will be applied, and of €705.28 each, from the 9 years and 6 months onwards, when a nominal annual interest rate of Euribor +0.84% will be applied, assuming that the conditions indicated for accessing the maximum discount of 1.10 percentage points are met, taking compliance with the following conditions as an example: salary of more than €600 paid directly into bank, use of credit cards, with a home insurance premium amounting to €200 per year and life insurance premium of €300 per year (for a 35-year-old client. The insurance premium will be updated annually pursuant to the special terms and conditions of the policy) with an A, B for each of the numerical indicators contained in that Certificate (non-renewable primary energy consumption and CO2 emissions; i.e. AA, AB, BA, or BB rating) or CEE Energy Performance Certificate issued by BREEAM, LEED, VERDE or PASSIVE HOUSE, as these are the most representative bearing in mind the frequency with which they are arranged. The first review of the commitments will be in month 6, with application on the interest rate on month 7, and the successive revisions will be carried out annually.

Total cost of the loan €72,929.40 (including interest amounting to €60,126.90). Total amount owed (sum of the amount of the loan and its total cost): €222,929.40. Price subject to risk analysis.

The VariableAPR, from 9 years and 6 months, in examples 2 and 3, has been calculated on the assumption that the benchmark index does not vary; therefore, this will vary with yearly interest rate reviews and may also vary depending on the amount and term. (The benchmark used is Euribor 12 months. Euribor published in the BOE in October of 2025: 2.172%).

For the Mixed Mortgage with 2 and a half years fixed rate and variable thereafter: Minimum amount to be financed: €20,000.00. Interest rate: during the first six months the annual nominal interest rate will be 2.73% NIR. After the first six months and for 2 more years, the interest rate will be fixed and will be reviewed annually. If none of the indicated conditions are met, the nominal annual interest rate will be 3.73% NIR (VariableAPR: 4.28%⁴). If the indicated conditions are met, this interest rate may undergo various reductions, as a bonus, up to a maximum of 1.10 percentage points, giving rise to an annual nominal interest rate of 2.63% NIR (VariableAPR: 3.59%⁵). After two years and 6 months, the annual nominal interest rate will be variable and will be reviewed annually. If none of the indicated conditions are met, the annual nominal interest rate will be Euribor +2.00% (VariableAPR: 4.28%⁴). If the indicated conditions are met, the interest rate may be subsidized up to a maximum of 1.10 percentage points, giving rise to an annual nominal interest rate of Euribor +0.90% (VariableAPR: 3.59%⁵). The terms, conditions and opinions contained in this document are merely informative and indicative, and are provided for such purposes, so this document does not constitute an offer or recommendation for contracting, acquiring or selling, or to carry out any transaction. In the event of non-compliance with the commitments derived from the mortgage-backed loan contract, there is a risk of losing the home. In the event of non-payment and in all cases of early maturity, prior notification to the address that you indicate for the purposes of foreclosure, the Bank may proceed against you by personal action or by real action against the mortgaged property, since you will respond to the Bank of the payment of the loan with all its present and future assets, not only with the mortgaged property. In accordance with article 105 of the Mortgage Law and article 1911 of the Civil Code.

4. VariableAPR 4.28%, calculated according to the formula that appears in Annex II of Law 5/2019, of March 15, regulating real estate credit contracts, for a loan amounting to €150,000 and term with a duration of 25 years, to be reimbursed in 300 monthly installments of €690.43 each during the first 6 months, in which the initial nominal annual rate of 2.73% NIR will be applied, of €768.15 each from the month 7 and for 2 years, in which an annual nominal interest rate of 3.73% NIR will be applied, and €801.50 each from 2 years and 6 months, in which the annual nominal interest rate of Euribor +2.00% in the event that none of the indicated conditions are met, including in the calculation a mandatory fire insurance and other damages: €150/year, (indicative amount since its cost will depend on the company with whichever you choose to hire him).

Total cost of the loan €93,035.68 (including interest amounting to €88,983.18). Total amount owed (sum of the amount of the loan and its total cost): €243,035.68. Price subject to risk analysis.

5. VariableAPR 3.59%, calculated according to the formula that appears in Annex II of Law 5/2019, of March 15, regulating real estate credit contracts, for a loan amounting to €150,000 and term of 25 years, to be repaid in 300 monthly installments of €690.43 each, during the first 6 months, in which the initial nominal annual rate of 2.73% NIR will be applied, of €682.92 each , from month 7 and for 2 years, in which an annual nominal rate of 2.63% NIR will be applied, and of €714.02 each, from 2 years and 6 months, in which the rate will be applied. annual nominal interest rate of Euribor +0.90%, based on the assumption that the indicated conditions are met to access the maximum bonus of 1.10 percentage points, taking as an example the fulfillment of the following conditions: direct debit of more than €600, use of credit cards, with home insurance €200 per year and life insurance €300 per year (for a 35-year-old client. The insurance premium will be updated annually pursuant to the special terms and conditions of the policy), with an A, B for each of the numerical indicators contained in that Certificate (non-renewable primary energy consumption and CO2 emissions; i.e. AA, AB, BA, or BB rating) or CEE Energy Performance Certificate issued by BREEAM, LEED, VERDE or PASSIVE HOUSE, as these are the most representative bearing in mind the frequency with which they are arranged. The first review of the commitments will be in month 6, with application to the interest rate in month 7, and successive reviews will be carried out annually.

Total cost of the loan €76,120.56 (including interest amounting to €63,318.06). Total amount owed (sum of the amount of the loan and its total cost): €226,120.56. Price subject to risk analysis.

The VariableAPR, from 2 years and 6 months, in examples 4 and 5, has been calculated under the hypothesis that the reference index does not change, therefore, this will vary with interest rate reviews, which will be carried out periodically annual; It may also vary depending on the amount and term. (The benchmark used is Euribor 12 months. Euribor published in the BOE in October of 2025: 2.172%).

Applicable to examples 2, 3, 4 and 5 other elements that make up the total cost of the loan, opening commission: €0, maintenance commission for the loan support account (necessary for contracting the loan): €0 and appraisal fee: €302.50 (VAT-inclusive).

The agreed mathematical formula to determine the amount of each of the repayment instalments is as follows:
Repayment = Cx ix (1 + i)n / (1 + i)n-1 (*)
(*) Where:
C= Pending capital.
i= I / P.
n= Number of pending repayments.
I= Nominal interest rate.
P= Number of payments per year.

The mathematical formula used to calculate interest for a given month is as follows:
Interest = C x i(*)
(*) Where:
C = Principal pending.
i = I/P.
I = Nominal interest rate.
P = Number of settlements per year.
The mathematical formula used to calculate the amortization of principal for a given month is as follows: Quota-Interest(*)
(*) Both the calculation of the installment and the interest are explained in the formulas detailed above.

This formulas follow the so-called "French" repayment system, whereby the loan capital and the interest will be repaid through constant periodic instalments, i.e. of the same amount, providing that there is no change in the applicable interest rate. Given that the interest is accrued on the amount of principal outstanding, as time passes, more of the instalment goes towards repaying capital and less goes towards paying interest, because there will gradually be less capital outstanding. If the interest rate is revised and the interest applicable to the loan rises, the instalment amount will go up. If, on the other hand, there is a fall in the applicable interest rate, the amount of the instalment will decrease.

6. Insurance policies underwritten by Santander Mediación Operador de Banca-Seguros Vinculado S.A., tax ID A28360311, through the Banco Santander, S.A. distribution network. Operator entered in the register of the Directorate General of Insurance and Pension Funds with number OV-0042. Third-party liability and financial capacity covered in accordance with applicable law. You can check the insurance companies with which the operator has an agency agreement for the distribution of insurance products at www.santandermediacionobsv.com.
7. The financial loss suffered by the bank will be calculated, in proportion to the capital repaid, by negative difference between the capital payable at the time of early repayment and the present market value of the loan. The present market value of the loan will be calculated as the sum of the present value of the instalments payable up to the mortgage due date. The updated interest rate will be the sum of: (i) the interest rate swap (IRS) rate for terms of 2, 3, 4, 5, 7, 10, 15, 20 or 30 years, published by the Bank of Spain, that is closest to the remaining term from the date of early repayment up to its due date and (ii) a spread resulting from subtracting the value of the Interest Rate Swap (IRS) referred to in the previous section from the interest rate of the transaction, using the latest data published by the Bank of Spain on the date closest to that on which the loan is arranged. Home mortgage loan.
8. If the mortgage refers to properties for residential use, pursuant to Law 5/2019 of 15 March regulating real estate credit, the mortgage establishment costs will be borne by Banco Santander in contracts with natural persons, excluding appraisal costs, to be borne by the customer.
Home mortgage loan. Lender: Banco Santander, S.A with registered office at Santander, Paseo de Pereda, 9- 12 (39004) – Cantabria Mercantile Registry, Sheet 286, Folio 64, Companies Book 5, entry 1, Corporate tax ID A-39000013.
If the mortgage loan on the property is being arranged in the autonomous region of Andalusia click here (PDF 148 KB).