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CatalanMortgages
Discounted Mixed Mortgage
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 5 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.
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 1.00%:
Income and payments4
Set up the direct deposit of a salary, unemployment benefit, pension, self-employed social security contribution payments or CAP aid (Common Agricultural Policy):
- Applies when any of the borrowers have set up the direct deposit of their salary for at least €1,000/month, or if any of the borrowers have set up the direct deposit of their pension or unemployment benefit of at least €600/month, or self-employed workers who set up the direct deposit for their social security contributions of at least €175/month, except for residents in Ceuta and Melilla, for whom social security contributions must be at least €75/month, or if any of the borrowers has set up direct debit for CAP aid, regardless of the amount received.
In addition, borrowers must either have the Bizum payment service activated with the Bank or have used a credit card issued by the Bank, at least SIX (6) times, in the three months immediately prior to the date on which compliance with these conditions is verified.
The credit card will be deemed to have been used if any of the following transactions or services have been carried out: cash withdrawals at ATMs, purchases at merchants, or credit-to-account transfers (where money is transferred from the card’s credit limit to the linked account).
The interest rate reduction for this item will be 0.50% of the agreed annual nominal interest rate from the seventh month onwards, regardless of the products or services that the borrower(s) may have arranged.
Insurance policies5
Have taken out and currently hold any of the following insurance policies: Home Insurance from Santander Generales Seguros y Reaseguros, S.A., Loan Protection Insurance from Santander Vida Seguros y Reaseguros, S.A. or from Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., Life Insurance from Santander Vida Seguros y Reaseguros, S.A., Accident Insurance or Temporary Disability Insurance for Self-Employed Workers from Santander Generales Seguros y Reaseguros, S.A., Health Insurance from Santander Vida Seguros y Reaseguros, S.A., under a co-insurance arrangement with Aegon España S.A.U. de Seguros y Reaseguros, or Car Insurance from Santander MAPFRE Seguros y Reaseguros, S.A.; marketed by Santander Mediación Operador de Banca-Seguros Vinculado S.A., with Tax ID code A28360311, through its distribution network, Banco Santander, S.A.
- Home Insurance qualifies for an interest rate reduction of 0.20% for each policy arranged, provided that the annual premium of each policy is higher than €300.
- Loan Protection Insurance, in which the insurance coverage is agreed upon with the purpose of ensuring that the lending entity receives preferential payment of the amounts owed at that time for the loan granted to the insured in the event of contingencies covered by the policy, qualifies for an interest rate reduction of 0.30% for each policy arranged, provided that the annual premium of each policy is higher than €300.
- Life Insurance, Accident Insurance or Temporary Disability Insurance for the Self-Employed, Health Insurance, and Auto Insurance from Santander MAPFRE Seguros y Reaseguros, S.A. These insurance policies qualify for an interest rate reduction of 0.10% for each policy arranged, provided that the annual premium of each policy is higher than €200.
The maximum interest rate reduction for arranging these insurance policies will be 1.00% of the agreed annual nominal interest rate from the seventh month onwards.
Investment/pension products6
Have purchased any of the following Investment/Savings products, which must be still valid: Pension Plans/EPSV of the Managing Entity Santander Pensiones, S.A. EGGP, marketed by the Bank, on behalf of one or all of the borrowers. Investment Funds managed by one of the managing entities of the Santander Group, or Investment Funds managed by third-party entities not belonging to the Santander Group and marketed by the Bank on behalf of one or all of the borrowers, SELECCIÓN Portfolios managed by the Managing Entity Santander Asset Management, S.A., S.G.I.I.C, on behalf of one or all of the borrowers, Savings Insurance of Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., marketed by Santander Mediación Operador de Banca-Seguros Vinculado S.A. on behalf of one or all of the borrowers.
Interest rate reduction of 0.10%, provided that the product amount is equal to or greater than €10,000.
The maximum interest rate reduction for arranging out these investment/pension products will be 0.30% of the agreed annual nominal interest rate from the seventh month onwards.
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.
Opening fee: 0%.
Compensation or 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 loss7 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 August 15, 2026. 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 5 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 2.34%. After the first six months and until next 5 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 3.34% (VariableAPR: 4.21%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 1.00 percentage point, resulting in an annual nominal interest rate of NIR 2.34% (VariableAPR: 3.73%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 +1.74% (VariableAPR: 4.21%2). If all specified conditions are met, the interest rate may be discounted by up to 1.00 percentage point, resulting in an annual nominal interest rate of Euribor +0.74% (VariableAPR: 3.73%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 4.21%, 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 €660.90 each for the first six months, when the nominal annual interest rate of NIR 2.34% will be applied, and of €736.71 each from the seventh month onwards until the next 5 years, when a nominal annual interest rate of NIR 3.34% will be applied, and of €815.97 each from the 5 and a half years onwards, when the nominal annual interest rate of Euribor +1.74% 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 €93,158.75 (including interest amounting to €89,106.25). Total amount due (sum of the loan amount and the total cost of the loan): €243,158.75. Price subject to risk analysis.
3. VariableAPR: 3.73%, 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 €660.90 each, for the first six months, when the initial annual nominal rate of NIR 2.34% will be applied, and of €660.90 each, from the seventh month to the next 5 years, when an annual nominal rate of NIR 2.34% will be applied, and of €734.78 each, from the 5 years and 6 months onwards, when a nominal annual interest rate of Euribor +0.74% will be applied, assuming the conditions indicated for accessing the 1.00 percentage point interest rate reduction, with the example of meeting the following conditions: setting up a direct deposit of a salary of more than €1,000 and arranging Bizum or credit card services with the bank, with a home insurance policy with a €300 annual premium, loan protection insurance with a €300 annual premium and life insurance with a €300 annual premium (for a 35-year-old male customer). The insurance premium will be updated annually as set out in the specific conditions of the policy, as these are the most representative due to frequency of arrangement. 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 €80,860.76 (including interest amounting to €65,558.26). Total amount owed (sum of the amount of the loan and its total cost): €230,860.76. Price subject to risk analysis.
The VariableAPR, from 5 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 July of 2026: 2.798%).
Applicable to examples 2 and 3, 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.
4. If there are several borrowers who have set up direct deposits (salary, pension, etc.) and direct debits (bills), and if several of them meet the conditions set out to determine their eligibility for the interest rate reduction, only the direct deposits or debits of one of the borrowers who meets the conditions will be taken into account. Moreover, the direct deposits or direct debits of a single borrower or of all borrowers will not be added together to reach the minimum amounts provided for in that section for the purposes of receiving the interest rate reduction. Accordingly, only the interest rate reduction stated for each borrower that meets the minimum amount requirements will be granted, in relation to their salary, unemployment benefit or pension or social security contributions in the case of self-employed workers.
5. 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. In all cases, if there are several borrowers and they are all policyholders, the insurance policy will only be taken into account once to determine the corresponding interest rate reduction.
6. The interest rate reduction will be applied individually for each Pension Plan/EPSV, Investment Fund, managed SELECCIÓN Portfolio or Savings Insurance policy that meets the minimum amount indicated above. Therefore, for these purposes, the amounts of the consolidated rights of different Pension Plans/EPSV arranged, the net asset value of several Investment Funds, the value of the assets of the managed SELECCIÓN Portfolio or the accumulated value in each Savings Insurance policy will not be combined. In all cases, if there are several borrowers and they are all holders of a Pension Plan/ESPV, Investment Fund, managed SELECCIÓN Portfolio or Savings Insurance policy, these products will only be taken into account once to determine the corresponding interest rate reduction.
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.
