Over the past year, getting a fixed-rate mortgage was really cheap. Banks, in general, offered interests below 2%; the lowest that have ever been seen in Spain. Now, however, things are very different: after the rate hikes by the European Central Bank, the vast majority of entities have made their fixed mortgages more expensive and now apply rates of around 3% or above.
So, is anyone who wants to sign a fixed mortgage condemned to settle for an interest rate of 3% or more? Not necessarily. According to the analysts of the financial comparator HelpMyCash.com, there are still a few banks that offer rates below 2%, provided that certain conditions are met and that the client has a very good profile (high salary, job stability, etc. ).
Openly, no other bank has a fixed mortgage at less than 2% in its catalog. However, from HelpMyCash they affirm that the client can negotiate with other entities to try to obtain an interest around that value. You must, yes, enjoy a good economic situation: earn a high salary, have a stable job (indefinite contract), not have other contracted credits...
Negotiating, however, involves a significant investment of time and does not guarantee obtaining the desired conditions. For this reason, hiring a mortgage broker or intermediary can be a good alternative: this professional will contact several banks at the same time, saving time that this entails, and will try to reach an agreement to obtain the best possible interest. In this way, the chances of getting a fixed mortgage at less than 2% (or with a slightly higher rate) will be higher.
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