Help from Europe to families and SMEs for mortgages and loans

Good news from the EU for the mortgage and loan market of all kinds, from SME loans to salary-backed loans. Apparently getting the sum needed to buy a house or grant wishes like buying a car will be easier. Merit of the proposed reform of banking regulations approved by the European Parliament in the past few days, which on the one hand introduces incentives to support the real economy , and on the other hand reduces the credit risk for banks.

Home mortgage : find the best mortgage 

Home mortgage : find the best mortgage 

Among the most important innovations is the possibility, for some financial institutions, of eliminating the negative effects on the capital of credit transfers belonging to a multi-year program. This translates, in loose change terms, into the reduction of risks related to the costs of mortgages and loans already granted and to be disbursed.

Based on the proposals, a 30% weighting requirement (currently 35%) of the value of secured loans would be introduced on mortgage loans with a loan-to-value of less than 75%; with regard to SME loans, the threshold within which the support factor is applied would be raised to 3 million against the current 1.5.

In essence, while banks would enjoy greater discounts, as a result of the possibility of financing higher sums, families and businesses would get credit more easily. To take advantage of the savings generated by the new rules, we must wait for the entry into force of the amended legislative package. From this moment however, it is possible check the positive market trend by comparing the mortgage offers on Facile.it. To proceed, simply connect to the comparator, enter the type of financing desired, your age and a few other essential data.

As of June 29, 2018, assuming the request of a subject resident in Como, age 38, permanent worker with salary equal to 1,600 euros per month, purpose of home purchase loan, property value 270,000 euros, amount requested 180,000 euros at 30 years with fixed rate application, is one of the best BPM Fixed Rate Mortgage Purchase Proposals. For this solution, BPM offers an installment for an amount of 651.01 euros, rate 1.84% (IRS 30A + 0.35%), Taeg 1.96%, preliminary investigation 600 euros and appraisal 300 euros. IWBank Private Investments Fixed Rate Loan is also advantageous, rate 1.90% (IRS 30A + 0.40%), Taeg 1.97%, preliminary investigation 600 euro, which compared to a slightly higher rate, equal to 656.35 euros per month, including zero appraisal costs. This was followed by the Webank Fixed Loan offer with zero preliminary and zero appraisal expenses, monthly payment of € 665.32, 2.00% interest rate (IRS 30A + 40%), Taeg 2.04%.

By choosing the variable rate instead, you can save up to 100 euros a month on the mortgage payment. For the same applicant profile, applying the variable rate, among the best proposals is Iwbank Private Investments with always variable rate mortgage, monthly payment equal to 566.63 euros, rate 0.85% (Euribor 1M + 1.15% ), Taeg 0.81%, preliminary investigation costs 600 euros and free appraisal. WeBank’s Mutuo Variabile, on the other hand, is still the cheapest in terms of preliminary and appraisal costs, completely canceled. The offer includes an installment of € 568.18 per month, rate 0.87% (Euribor 3M + 1.20%), Taeg 0.88%. To compare all the proposals of the partner banks, just use the Facile.it mortgage comparison.

Variable Rate Mortgage Offers

Variable Rate Mortgage Offers

Product: Variable Rate Mortgage
Purpose: First home purchase
Amount: € 50,000
Rate: 0.27% (Euribor 3M + 0.65%)
Rate Type: Variable
APR: 0.94%
Duration: 20 years
Total cost: € 51.367,77

Monthly installment € 214 , 03 Feasibility check 

Product: Variable Mortgage
Purpose: First home purchase
Amount: € 50,000
Rate: 0.60% (Euribor 1M + 1.00%)
Rate Type: Variable
APR: 0.86%
Duration: 20 years
Total cost: € 53.056,81

Monthly installment € 221 , 07 Feasibility check 

Product: Hello! Home Variable
Purpose: First home purchase
Amount: € 50,000
Rate: 0.60% (Euribor 1M + 1.00%)
Rate Type: Variable
APR: 0.86%
Duration: 20 years
Total cost: € 53.056,81

Monthly installment € 221 , 07 Feasibility check

Promotional Announcement, for all information relating to each product, please refer to Mortgage Transparency Information. All the products on the comparator are to be considered assisted by a mortgage guarantee on the property. Information Sheet and Guide to Rates. 

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