Europa Press, alphaspirit.it Euphoria at BBVA after the latest news comes to light: confirmed, starting in February
BBVA launches its Young Mortgage and offers up to 95% financing for those under 36 years old for their first home
Access to housing has become one of the biggest challenges for young people in Spain. Especially when it comes to gathering the necessary money to pay the down payment on a mortgage. In a scenario where housing prices remain high, obtaining sufficient financing to purchase the first home is a constant concern for many.
Aware of this reality, BBVA has launched its Young Mortgage. It is a proposal designed to facilitate the acquisition of the first home for those under 36 years old. Starting this February, customers can already benefit from this attractive offer.
This mortgage, which offers up to 95% financing on the appraised value or the purchase price of the home, is one of the most generous offers on the market. You can join it starting this February.
This is the Young Mortgage offered by BBVA
The BBVA Young Mortgage is presented with conditions especially designed for young people seeking their first home. It offers up to 95% of the appraised value or the purchase price of the home, which reduces the need for considerable prior savings.
Customers can choose between a fixed mortgage, which guarantees a constant monthly payment throughout the life of the loan. Or a variable mortgage, whose interest rate adjusts according to the Euribor. This option potentially allows for lower initial payments.
The loan can be extended up to 30 years, provided none of the holders exceed 70 years at the end of the loan. Additionally, BBVA covers the notary, management, and registration fees, which helps reduce initial costs for the buyer.
Requirements to access the BBVA Young Mortgage
To benefit from this mortgage, it is necessary to meet the following requirements. First, all holders must be under 36 years old at the time of application. Additionally, applicants must be residents in Spain and have their income and assets in euros.
The mortgage is intended exclusively for the purchase of the applicant's first habitual residence. It is not granted for second homes or real estate investments. BBVA will conduct an analysis of the applicant's financial capacity, verifying income, job stability, and level of indebtedness.
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