ING offers some mortgages on the market that provide wider financing for purchasing your second residence. Below we examine its features and conditions.
After almost two months from making our application, we obtained our ING loan. Next step was comparing it with other loans available on Rankia forums.
Interest Rates
An interest rate decision is of critical importance when purchasing a house. If you wish to find an ING mortgage with an attractive interest rate, conduct comparisons between competing offers on the market and utilize our calculator of ING mortgages for assistance.
Loans issued by ING with fixed or variable interest rates have different interest payments. For instance, variable-interest ING mortgages allow you to pay fixed-rate interest for 10 years before starting to pay variable-rates after year 11. Mixta-INGs provide the perfect compromise; paying variable for 20 years while later adding another payment after that point.
No ING loan features a 100% interest rate; in fact, most fixed-rate ING mortgages (and also variable-rate ones) limit their maximum lending limit to 80% of your house purchase value – thus making obtaining one for 100% difficult.
Fees
ING Mortgage takes over several expenses related to property registration, notariat and management of your residence. Although these charges do not directly influence monthly mortgage payments as they do not impact property value directly; we must take them into consideration during search and comparison process of available offers in market.
Banks ING offer fixed and mixed mortgages with lower rates than those from Sabadell y CaixaBank for housing loans lasting five, fifteen, or twenty years.
ING offers mixed mortgage loans with higher APRs ranging up to 80%.
Unicaja, Ibercaja, Kutxabank, Banco Santander, imagin Bankinter and Pibank offer extremely cost-competitive loans to purchase or refinance an ING mortgage loan.
Variable Rates
British variable mortgages provide all the advantages associated with fixed loans while having variable payments dependent upon euribor rates, making this a flexible solution to long-term amortization of a loan payment.
ING has taken an early lead on preparing for and executing Bank Central Europe’s anticipated interest rate cut that is to occur Thursday morning, cutting rates by 0.60 points depending on the fixed term for mortgages with three and 25 year fixed terms, respectively, currently falling within 3,5% and 4,18% TAE ranges.
Unicaja Bank provides variable and mixed mortgage loans over five, twenty, and twenty five year terms with variable annual percentage rates ranging from 2.3%. Their ING three year mortgage has an APR of 3.5% while five year term interest is EURIBOR +0.165%; should a client purchase an energy efficiency A- or B-rated home, their interest will slightly increase while there will be no upfront or management fees attached; their variable mortgage offerings can be found across their companies: Unicaja, Ibercaja Bank, Imagine Kutxabank, Bankinter y Pibank.
Mixto Variables
Employees at ING can choose between fixed, variable or mixed interest loans without fees and expenses associated with them. At June 2024’s exchange rates (BCE & Euribor), rates remain moderately lower.
Institution offers variable and mixed interest mortgage loans of up to 40 years with prepayment penalties for life and home insurance contracts as well as incentives for more energy efficient living arrangements.
Hipotecas ING for employees have a lower interest rate when combined with life or housing insurance policies or effective living compensation benefits, plus no fees and expenses and an accelerated repayment period.
ING continues to stand up against the rise in fixed rate mortgages, yet not in quite the same manner as before.