Save every month
We compare your current repayments with the new Open Mortgage repayments so you can see how much you could save each month.
We finance the costs
We finance all the costs that can come about from switching mortgage. If your other bank charges a fee for cancelling your current mortgage, we’ll finance that too.
No valuation fees!
We cover the valuation and land registry report fees if you arrange them and take out the mortgage through Openbank**. Plus, we don’t charge any arrangement or partial prepayment fees.
Personal mortgage advisor
You’ll be assigned a personal advisor to assist you along the process until you sign your mortgage.
*For mortgages that are at least one year old.
**Openbank will cover the valuation fees and costs for obtaining the land registry report as long as they are requested through us and the mortgage is finally taken out with Openbank. These costs will be paid by the customer, before finalising the switchover, and will be refunded by Openbank, after the contract is signed, when the mortgage file has been drawn up.
Frequently Asked Questions
Are there any closing costs that Openbank does not cover?
We cover the costs to sign your new mortgage at Openbank, including valuation fees, as long as you arrange the appraisal and take out the mortgage with us. We do not cover any costs you might incur from cancelling your current mortgage with another bank; however, you can finance these costs along with the amount of the mortgage so you can see the savings from day one.
What steps do I have to take to switch my mortgage to Openbank?
- Call us on (+34) 91 276 22 98 and find out how much you could save on your mortgage. First, you will need to present the necessary documentation. Your personal mortgage advisor will let you know which documents you will need to send to bring your mortgage to Openbank.
- Once the switchover is approved, you will have to digitally sign the Open Mortgage Pre-Contractual Information and pay two visits to the notary’s office: * During the first visit, the notary will explain the ins and outs of your mortgage and answer any questions you might have.* During the second, which you should arrange within one year from the first visit, you will sign to switch over your mortgage.
- And that’s it. You can now start to save thanks to your Open Mortgage.
Can I change the type of mortgage at Openbank?
Yes, you can choose whichever type of mortgage you want: Variable, Fixed or Mixed. You choose the type of mortgage that’s best suited to your needs. Their prices are the same as for the purchase of a property and you can consult them on our website.
What are the advantages of switching my mortgage to Openbank?
Call us and we will work out your monthly repayments so you can see for yourself how much you could save with your mortgage at Openbank. Plus, with the Open Mortgage you won’t have to pay arrangement or partial prepayment fees.
Want to find out more?
A personal mortgage advisor will provide you with all the details with no obligation involved.
Call us on (+34) 91 276 22 98. (Mon-Fri from 9 a.m. to 6 p.m.)