Bank interest rate in Spain

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    • August 17, 2009 at 11:28 am #55164
      Ursula Rose
      Participant

      We are still paying off a mortgage with CAM and each year the interest rate changes. The next change will be Sept/Oct – at the moment we are paying way over what we are getting with a mortgage in the UK.[/i]

    • August 17, 2009 at 3:56 pm #93888
      Anonymous
      Participant

      Your point is ?

    • August 17, 2009 at 5:16 pm #93892
      Anonymous
      Participant

      That’s a bit harsh Shakeel as it’s a first post. Not everyone has time to scroll through endless forum messages for info.

      Basically Ursula Rose, you have a mortgage which changes interest once a year, the 12 Month Euribor rate plus your % rate on top. Your payments will go down in September as the Euribor rate is now lower than September last year.

      What % is your mortgage, eg: Euribor + 4%? You can search what the Euribor rate was in July as that is the average rate they’ll use for the Euribor bit.

      It won’t be the same as a UK mortgage and why should it as it’s a different country with different rates etc.

    • August 17, 2009 at 5:25 pm #93893
      Inez
      Participant

      I doubt Shakeel was being rude. I looked at this posting this morning but couldnt work out what the poster wanted to know or wanted advice on so I passed it.

      There is no question, just an observation.

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