Caps on the interest rates?

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years, 8 months ago.

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  • #55483
    Profile photo of Tinnat
    Tinnat
    Participant

    I’m looking for advice on the option offered by Spanish banks to insure against rises in interest rates. It seems to me that there are a lot of strings attached, and I’m wondering if it is worth the (significantly) extra money. I’m really trying to find a system whereby in 4 years I don’t have to pay a very high interest rate due to inflation.

  • #97520
    Profile photo of Anonymous
    Anonymous
    Participant

    If it’s worth it only you can decide.

    My view FWIW is that I’m simply looking for the best mortgage deal (costs, exit costs, and the bit they add on to Euribor) and ensuring that I can still afford it if rates get to 6% If I cannot, then the house is too expensive, and as a consequence I am borrowing too much.

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