The 'Hipoteca Relación' is a mortgage for financing the purchase of your first home.

The interest rate of this mortgage varies according to your relationship with CAN. The closer the relationship, the lower the interest rate.

This mortgage is for the purchase of your first home.

• Interest rate: 1-year Euribor linked. 
• The margin added to Euribor drops as follows
  • For having your salary paid directly into your bank account or for having your Social Security contributions directly billed (self-employed), reduction of 0.20.
  • For home insurance, reduction of 0.10. 
  • Only if you meet the previous two conditions, for debt cancellation life insurance, reduction of 0.10.
  • Only if you meet the previous three conditions, if one of the mortgagers is 35 years of age or younger when the mortgage is taken out, reduction of 0.10.
  •  Meeting the previous four conditions, if the mortgager has a Clavenet contract, reduction of 0.10, and if he/she has cards, reduction of 0.05.
  • The maximum reduction available to people aged under 35 is 0.65. 
• Maximum sum: up to 80% of the appraisal value. 
• Minimum sum: €12,000
• Maximum term: 40 years, so long as the age of the youngest mortgager plus the term do not exceed 80 years.
• Minimum term: 3 years
• Interest-only: Yes, an interest-only period of 3 years is available. During this period, you only pay interest and do not repay the loan itself.
• Fees:
  • Origination - Minimum 0.20 %
  • Early redemption – 0.50 %
  • Partial prepayment - 0.50 % on prepayments of more than 25 % of the debt.