Openbank incrementa más de un 80% la firma de hipotecas en lo que va de año


Openbank, Grupo Santander’s 100% digital bank, continues to make headway in the mortgage market, consolidating its position as one of the benchmark banks for customers who take out this type of loan. After a remarkable 2020 despite the pandemic, the bank has held on to its momentum and increased the volume and number of mortgage sign-ups so far this year by more than 80% compared to the same period a year earlier.

Between January and July 2021, the bank granted more mortgages than in the whole of 2020. It is worth noting the strong drive in fixed-rate mortgages, a mortgage type that is increasingly preferred by customers and which represents 64% of new mortgage sign-ups (up by almost ten percentage points on the same period a year earlier). In contrast, take-up of variable- and mixed-rate mortgages accounted for 36% of the total of new mortgages granted this year.

Openbank holds on to its position as one of the main benchmarks in the mortgage market with a broad catalogue of products among the most competitive in the market. Currently, it is offering its fixed-rate mortgage starting at 1.30% NIR (1.50% APR), its variable-rate mortgage from Euribor + 0.95% (1.95% NIR for the first year), and its mixed-rate mortgage from 1.05% NIR for the first ten years and from Euribor + 0.49% for subsequent years.

Customers who take out their mortgages at Openbank may be eligible for a range of special benefits. Up until 31 August, customers who provide the necessary documents such as their latest payslips, direct debits, and the holders’ ID documents, among others, within a period of ten days will be entitled to a reduction of 0.10 percentage points on the usual mortgage rate. In the event that they also apply for a property valuation (the amount of which will be reimbursed at a later stage) and the land registry extract within the following ten days, a further 0.05 additional points will be deducted from the nominal interest rate of the fixed-rate mortgage.

In addition, up until 30 September, customers who refer a friend who subsequently takes out a mortgage with Openbank will receive a bonus of €100 (up to a maximum of ten friends). In turn, these new customers of the bank will receive a bonus of €300. To sign up for this promotion, customers must share their personal code via the app or website.

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