Simulator - Home mortgage loan Transfer

A mortgage loan transfer (also called credit portability) allows you to move your home loan from the current bank to another bank with more advantageous conditions, namely a lower spread, better insurance or a more suitable term.

In many cases, a transfer can help reduce the monthly instalment, spread or insurance costs, resulting in significant savings over the life of the loan. For example, for a EUR150,000 loan, a 0.5% reduction in the spread can represent savings of several thousand euros over the full term. Maxfinance carries out a free analysis to understand whether the transfer is worthwhile in your case.

There may be costs associated with early repayment (0.5% for variable rate or 2% for fixed rate), property valuation by the new bank and formalisation of the new agreement (deed and registrations). However, many banks offer special conditions to attract transfers, covering some of these costs. Maxfinance calculates whether the long-term savings outweigh the transfer costs.

Yes. However, fixed-rate loans may have higher early repayment fees (up to 2%), depending on the conditions of the current agreement. It is important to calculate the cost-benefit before moving forward. Maxfinance helps you understand whether the transfer is worthwhile even in this scenario.

Yes. In many cases, when transferring the credit it is also possible to transfer the insurance to another insurer, reducing monthly costs. Insurance associated with mortgage loans (life and multi-risk insurance) represents a significant part of the total cost - Maxfinance helps compare and find the best options.

Yes. As with a new credit application, the receiving bank carries out a full financial analysis before approving the transfer. A more fragile financial situation than at the time of the original loan may make approval more difficult. Maxfinance identifies the banks most receptive to your current profile.

It depends on the conditions offered by the current bank compared with the proposals available in the market. In many cases, simply stating that you are considering a transfer can lead the current bank to improve the conditions. Maxfinance analyses both options at the same time and presents the most advantageous solution for your case.

Yes. Maxfinance supports the entire credit transfer process, from the initial analysis and comparison of proposals, through the collection of documentation, to completion of the deed with the new bank. The service is completely free for the customer.