Pros and cons of Spain's 100% online mortgage!

There are many advantages to new technologies. You can open a bank account in just a few seconds, block your phone with your fingerprint, enable heating and return your taxes. دليل

However, when it comes to signing a mortgage it is not as simple as it seems. Experts recognize progress in this field: you can apply for a loan to buy a house on the internet or even receive the approval of a bank. Although we are now able to talk about 100% online mortgages in Spain, there is still a long way to go until they are easy to contract – especially from a client point of view.

Although traditional banks like BBVA and Santander enable you to submit online application, and while online entities like ING, Openbank (Santander) or Coinc (Bankinter) enable you to go even further, idealista mortgage idealists/hypothecases remind us that "a 100% online mortgage means that the customer has to do everything, digitalize and upload it among other things.

Please be aware that when making a loan for the acquisition of a property, you must provide a large number of papers for the banking entity financing the transaction: photocopies of each of the holders and parties involved, your tax declaration, your latest paylip or pension payment, the receipt of the IBI property tax if you have any other properties or the lease agreement if you are a leaven. Not to mention that the entity is also required to valuate the property which is the object of the operation and that a notary's signature and inscription of the property is necessary in order to formalize the mortgage loan in the property registry.

In addition to preparing and sending all these documents to the bank, users need a direct partner to support them in the process. "The vast majority of customers do not know the mortgage market thoroughly enough to be able to understand the whole contract and complete the often time consuming and complex process. At present, banks handle the entire workload to the consumer that limits the attractiveness of the offer if alternative channels are not provided, "Argues idealistic / mortgage.

In particular, once the bank receives the request of the client, the risk committee shall analyze all the materials and either accept or reject the credit (the online verdict is practically immediate, whereas the traditional one takes approximately one week). When the result is favorable, the entity will send a personalized form for the customer to accept the details of the offer. Once the user accepts the offer, after the property is assessed and all the documents validated, the bank sends everything to the notary to prepare the deed, the documents to be reviewed by the user before the final signature is finished.

The customer may have such doubts in these last stages of the process: will the contract contain any unfair terms? Do I understand all the risks associated with signing the loan agreement? Who can I complain about if there are any problems?

Not all, as another disadvantage of the online process is that the future mortgage holder might close the door to improving their loan conditions. While this is an exceptional time for both variable and fixed-rate mortgages, the banks are increasingly concerned with creating loans that are virtually tailored to the client and more likely to enhance and fight for its original offer when they meet the client. So much so that traditional banks offer variable-rate mortgages at an average rate of EURIBOR 0.89%, compared with EURIBOR +0.99% for the most online banks, according to idealist/hypothesis data.

Does all this mean that the hypothecary process is not automated? Not quite. Not quite. It is very positive as long as two criteria are fulfilled: that there are more benefits for the customer than for the bank and that this is an alternative, not the only way to take a loan to buy a house.

If you plan to rent your property, you should improve it by making it attractive to the market first. The larger the improvements that you make, the easier it is to rent for a good price.

According to the Houzz experts, it is a good idea for a project to begin by listing everything that you can and should change. Everything from furniture to facilities should be taken into account.

Het belangrijkste Element is de bank in de woonkamer

If you want to develop the kitchen, invest more in creativity than in expensive materials is recommended. One good way to start is by assessing what you already have, for example, the tiles that can be nicely decorated or polished. It is also important to rationally use the spaces, making them both friendly and functional.

Modern stoelen sample round eettafel te zetten.

You also should bear in mind that rented apartments sometimes have furnishings that the prospective tenant does not want and may influence his decision to rent or not. It is best to simply select a few functional furniture parts.

Spotlights can verbeteren de verlichting

In any living room the most important element is the sofa which has the added value to be used as a bed. The dining table can be equipped with modern chairs and illuminated with spotlights. The bathroom must be well equipped and comfortable and functional, with all necessary equipment.

Gravel een muur in de kamer om in een other little ones.

The walls must look fresh. To do this, you can either paint the walls with one color, and paint another for the friezes or the coverings, or even choose one wall in a room, where you can paint another color.

The other voor of a series of walls is Gebruik een kleur voor de muren.

They should be as usable as possible when thinking of developing attic and lofts. Terraces and gardens provide added value to the property and therefore you have to be careful as possible, perhaps by putting in some lovely plants. If you have the chance to create a terrace, you can design it as a place to work.