Find out if the Ubi Banca mortgage is suitable for your needs
For the purchase of a property whether it is the first house or a home for your holidays, or a garage or a commercial premises, you definitely need to apply for a mortgage. Today, among the various banks that offer this possibility, we want to deepen the Ubi Banca mortgage offer.
Ubi Banca mortgages are divided into various products ranging from those dedicated to the purchase of the first house to subrogation, and from fixed-rate offers to those with variable rates. But let’s see together what are the main mortgage offers by UBI Banca.
Index
- Get a loan from the best financials
- What are Ubi Banca mortgages?
- The conditions of mortgages Ubi Banca
- Lending simulation
- What happens if I stop an installment
- What are the opinions on Ubi Banca mortgages?
- Join the jadnews Club. It is free!
What are Ubi Banca mortgages?
UBI Banca presents a wide choice of mortgages for the purchase of the first house, for the subrogation or to buy properties of various kinds.
Specifically, the offer ubi bank: first home loans, second home and commercial real estate we find several products. The main ones are:
1. Mortg to Variable Rate
The The a mortgage at variable rate It is designed for all those who want to renovate or buy a home and want to repay the loan with a variable installment that fits to the market. .
In addition to the purchase or renovation of the property, this is also among the offers of Ubi Banca mortgage surroga. So it can also be required to transfer a pre-existing loan to UBI Banca by opening a new current account and paying off the loan previously made in another bank.
2. Mortg Tax Rate
The Ubi Banca fixed rate mortgage is dedicated to all those I want to renovate or buy a house, and to those who have to apply for subrogation. With a fixed-rate mortgage it is possible to know from the beginning the amount of the installment for the entire course of the loan.
This is a solution that allows a simpler and safer management of the loan, managing to understand immediately the impact it can have on the family budget.
3. Mortg Always Light
The Always Light Mutual is designed to buy or renovate the house even if you are young and you have a fixed job for a short time. The always light mortgage allows you to contain the amount of the installment over time, as from the fifth year it is possible to decrease the spread.
This solution is indicated for those who want a variable rate mortgage that allows you to seize the opportunities given by a positive rate trend, thanks also to a reduction in the spread from the 5th year of mortgage onwards.
4. Morctuo Replay
The Replay loan is a loan for the purchase of a house or for its renovation which provides for a stable installment but a variable duration at no additional cost.
With this mortgage it is possible to seize the opportunity offered by advantageous rates and at the same time protect your standard of living in case of changes in the mortgage rate, thanks to the possibility of extending it over time.
5. Mortgage Prefix
A mixed-rate mortgage that provides a variable rate but with an installment from the set maximum ceiling. In this way, even if an interest rate hike is to be raised, the installment will never rise above a predetermined threshold.
During the first 12 months, however, the amortization plan provides for a fixed rate in this way it will be easier to start with a facilitated mortgage. The Prefix loan can be requested both for the purchase of a property and for its renovation.
6. Mutuo Open
The The UBI Banca’s Ear Open it is designed to be able to periodically switch from the variable rate to the fixed and vice versa without additional costs.
During the first two years the amortization rate will be mandatory, only after 24 months it will be possible to vary the interest rate according to your needs.
The Open Mutuo is a solution to be able to monitor the trend of the market and choose the most suitable rate depending on this, plan with greater serenity your financial future by choosing the most appropriate installment to your needs.
The conditions of mortgages Ubi Banca
What are the main conditions required for Accessing a UBI Banca mortgage? What does the bank require from the property owner, how much they are and what is the maximum duration of the mortgage? Let’s find out together.
The main conditions required to access a UBI Banca loan are:
- An income as a demonstrable employee or self-employed person
- A personal bank account in UBI Banca
- The registration of a first-degree mortgage on the property equal to 200% of the financial amount
- The property you want to buy must be in good condition and habitable
- The properties must be submitted to the judgment of an expert to establish their value
Amount of mortgages Ubi Banca
The minimum amount that UBI Banca mortgages grant to the customer who wants to buy or renovate a property, or who wishes to request a subrogation is 30 thousand euros.
The maximum amount granted, on the other hand, is 80% between the lower purchase price and the value of the appraisal. The maximum granted for the purchase of a property is 500,000 euros.
Minimum and maximum duration of loans Ubi Banca
The various mortgages give access to different depreciation plans, these are to increase by 5 years. So the mortgage can see a minimum duration of 5 years. After that you can choose to make it last 10, 15, 20, 25 up to a maximum of 30 years.
TAN and APR of mortgages Ubi Banca
The interest rate of mortgages change according to the value financed and based on the duration of the loan.
- The variable rate loan provides for those who have requested an amount less than or equal to 50% of the property from 10 to eleven years a spread of 0.85%. From 11 to 30 years the spread rate ranges from 1.00% to 1.05%.
- For variable-rate mortgages with a loan from 50% to 70% from 10 years the spread goes from 1.00% and reaches a 30-year spread of 1.30%.
- For a variable rate loan of over 70%: the minimum 10-year duration provides a spread from 0.90% to 1.25% for a 30-year mortgage.
- For fixed-rate mortgages, the TAN ranges from a TAN to 1.09% and a TAG to 1.45%, up to the TAN at 2.00% and an APR of 2.16%.
Fixed investigation costs are 600 euros with an amount financed below 70%, while it is 950 euros for loans with an amount financed over 70%.
Lending simulation
Let’s see together a quote for the purchase of a first home. We consider the amount of the loan equal to 140,000 euros and estimate a duration of 25 years. Here are the examples of the loan from the Fixed Rate to the Prefix Mortgage:
- Fixed rate: an installment of 524,00 euros with an APR of 1.09% and a total duration of 25 years.
- Ever Light Variable rate: an instalment amount of €524.46, APR at 1.07% lasted 25 years.
- Prefix Mutuary Rate: Variable rate with Cap, Rata monthly equal to 550.46 euros, APR 1.55% duration 25 years.
What happens if I stop an installment
What happens if you skip an installment during the amortization plan for the repayment of the mortgage? For flexible loans such as the one to Tax Rate and the Sempre Light it is possible to suspend the installment in case of problems at work, or payment for 18 months.
For other mortgages, unless the bank agrees to skip the installment, the non-payment provides for a recall from the bank. If after the first 30 days after the recall, the Bank does not receive the payment of the installment will have a second recall and this will go into protest.
If you continue not to pay the installments that follow the bank may require the judge to injunctive decree and activate a forced collection process and subsequently take possession of the property and sell it to collect the due.
In the event that you skip an installment but you pay late there will only be the application of a surcharge on the cost of the installment.
What are the opinions on Ubi Banca mortgages?
The Ubi Banca mortgage offer is very large. This allows the bank’s customers to choose the one that is most tailored to its needs. Ubi Banca loans also offer interest rates both at a fixed rate and variable as they are advantageous. In fact, it starts with a rate variable to 1.05%, slightly lower than other products offered by Italian credit institutions and banks.
