Alberto Gomez, Director of Mortgage and Insurance at ING
Eng Driven by the rise of Euribor and the loss of fixed rate attractiveness, it innovates its mortgage showcase with a clear commitment to a hybrid approach. The entity is launching new combinations in both its compounded and convertible mortgages that allow the customer to choose between multiple fixed installments depending on their needs, thus expanding financing options.
On the one hand, ING reinforces its offer of composite mortgages With a greater variety of words. From now on, customers will be able to choose between 5, 10, 15, and 20 years for fixed tenures and extendable up to 40 years with variable interest. Prices are individualized and customers can calculate their terms with the simulator available on the unit’s website, but according to representative examples 25 years and fulfilling the conditions of direct debit of salary of 600 euros per month and fixed insurance home and life contracts The portion interest ranges from 2.99% for the first 5 years to 3.55% for 20 years. The spread on Euribor is 0.69% in the first case and 0.79% in the rest.
On the other hand, the orange bank turns its convertible mortgage So that the initial fixed rate can remain for one year or three years as before. If it is 12 months, the initial fixed interest is 1.99% and then a difference of 0.59% is applied. If it is 36 months, the fixed price is 2.80% and the difference is 0.69%.
Plus, it maintains its 25-year fixed mortgage at 4.33% APR. In all cases, the financing is up to 80% and there is no commission. The process is online up to signature and with a personal manager.
Thus the bank takes another step in the mortgage customization strategy that makes it easy to adapt to each customer’s situation at the end of 2022 and maintain the same installment for 20 years regardless of interest rates.
Alberto Gómez, Director of Mortgage and Insurance at ING, explains: “We are moving forward with our privatization strategy, adapting quickly and flexibly to the current environment so that Orange Mortgage continues to meet the needs of citizens. listen and act accordingly, providing them with personalized, transparent, simple, and competitive solutions.
