Mortgage subrogation with Banco Sabadell
Switch your mortgage
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An expert will analyse your case and look for the best option for your mortgage, according to your situation and interest rate.
Once your application is approved, sign the mortgage subrogation and start saving on the installments you pay each month.
Frequently asked questions about subrogation
A process that allows mortgage holders to switch their mortgage loan to a different financial institution.
Our mortgages have no arrangement fee and we take care of the administrative and property registry costs in accordance with the Real Estate Credit Law 5/2019.
You are always supported by an account manager who specialises in mortgages.
You can easily apply for a subrogation online: just fill in the form and we’ll call you as soon as possible.
You need to be up to date with your payments, pass a viability assessment and an updated valuation of the property. We assess each application individually.
Being able to work with an expert bank and with specialists who will support you in the process, tailoring your mortgage to your current needs.
You choose which mortgage is the best fit for you
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We answer your most frequently asked questions
How much can my mortgage cover?
How much should my monthly mortgage expense be?
What are the discounts and how can they benefit me?
What documentation do I need to submit to apply for my mortgage?
- Your national identity document (DNI/NIF).
- Proof of other income, if you have it (rent, commissions, interest on accounts, overtime, etc.).
- The last 2 bills of your regular payments indicating outstanding balances (mortgages, personal loans, credit cards, alimony and maintenance payments, rent payments, other debts, etc.).
- Work history. You can request this through the Social Security website or by calling 901 502 050. If you are employed, submit your last income tax return and your last 2 payslips/pension receipts.
- If you are self-employed, you will need the tax return for the last 2 years and the quarterly income tax and VAT payments for the current year.
- If you are not a Banco Sabadell customer, we will need a bank statement for the last 6 months from your usual account (pay slips, main bills, etc.).
Glossary: NIR, APR and other mortgage-related concepts
- APR (Annual Percentage Rate)
- NIR (Nominal Interest Rate)
- Euribor
- Valuation of the property
- Registry verification
Valuation of the property
Registry verification
FIPRE (pre-contractual information sheet)
What steps are involved from the moment you choose your mortgage to the moment you sign it?
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Legal terms and conditions
Offer valid only for natural persons (not for business use) resident in Spain, with the exception of the Autonomous Community of Andalusia, who have income and assets only in euros.
For a property transaction to be formalised or executed in the Autonomous Community of Andalusia, consult your branch for the current special offer.
The interest rate conditions, the granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
Representative examples in accordance with the provisions of the applicable legal regulations. In particular, in the case of loan agreements subject to the scope of application of Law 5/2019, of 15 March, regulating real estate credit agreements, the representative example shall be determined in accordance with the criteria under Article 4.5 d) of Order EHA/1718/2010 of 11 June.
The mortgage can cover up to 80% of the purchase price or the valuation (the lesser of the two) for the first residence. The mortgage can cover up to 70% in the case of second homes.
Calculation of the monthly fee:
N = outstanding principal of the loan.
i = nominal interest expressed as so much per one.
p = amortization periods in one year.
t = number of years of the amortization period outstanding.
Formula for calculating the part corresponding to interest of the installment:
Calculation of the quota corresponding to interest of the quota:
N = outstanding principal of the loan.
i = nominal interest expressed as so much per one.
p = amortization periods in one year.
In the representative examples, to calculate the instalment in the discounted mixed mortgage with fixed 3-year tranche, we would replace "N" with mortgage principal, i with 0.020 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give a payment of 554.43 euros to be paid each month.
In the example above, the interest payment portion of the instalment is calculated by replacing "N" with mortgage principal, i with 0.020 (nominal annual interest rate divided by 100) and p with 12 (number of repayment periods in one year), to give an amount of 250.00 euros, which is the interest of the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples to calculate the instalment in the non-discounted mixed mortgage with fixed 3-year tranche, we would replace "N" with mortgage principal, i with 0.029 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give a payment of €624.34 to be paid each month.
In the previous example, we would replace "N" with mortgage principal, i with 0.029 (nominal annual interest rate rs divided by 100), p with 12 (number of instalments to be paid per year) to give a payment of €362.50 to be paid each month.(initial mortgage principal). The remaining amount of the instalment, once the interest part has been deducted, is what It is used for principal repayment.
In the representative examples, to calculate the first-year instalment in the discounted mixed mortgage with fixed 5-year tranche, we would replace "N" with mortgage principal, i with 0.023 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of €577.20 to be paid each month.
In the example above, the interest portion of the first year’s instalment is calculated by replacing "N" with mortgage principal, i with 0.023 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €287.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the first year instalment in the non-discounted mixed mortgage with fixed 5-year tranche, we would replace "N" with mortgage principal, i with 0.032 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of €648.70 to be paid each month.
In the example above, the interest portion of the first year’s instalment is calculated by replacing "N" with mortgage principal, i with 0.032 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €400 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the discounted mixed mortgage with fixed 7-year tranche instalment, we would replace "N" with mortgage principal, i with 0.027 (nominal annual interest rate divided by 100), p with 12 (number of instalments to pay per year) and t with 30 (number of years), to give an instalment of €608.40 to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with mortgage principal, i with 0.027 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €337.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the non-discounted mixed mortgage with fixed 7-year tranche instalment, we would replace "N" with mortgage principal, i with 0.036 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of 681.97€ to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with mortgage principal, i with 0.036 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €450.00 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the discounted variable mortgage instalment, we would replace "N" with mortgage principal, i with 0.019 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of 546.96€ to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with mortgage principal, i with 0.019 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €237.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the non-discounted variable mortgage instalment, we would replace "N" with mortgage principal, i with 0.029 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of 624.34€ to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with mortgage principal, i with 0.029 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €362.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the discounted fixed mortgage instalment, we would replace "N" with 150,000 (initial mortgage principal), i with 0.025 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of 592.68€ to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with 150,000 (initial mortgage principal), i with 0.025 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €312.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
In the representative examples, to calculate the non-discounted fixed mortgage instalment, we would replace "N" with 150,000 (initial mortgage principal), i with 0.035 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year) and t with 30 (number of years), to give an instalment of 673.57€ to be paid each month.
In the example above, the interest portion of the instalment is calculated by replacing "N" with 150,000 (initial mortgage principal), i with 0.035 (nominal annual interest rate divided by 100), p with 12 (number of instalments to be paid per year), to give an instalment of €437.50 in respect of the interest for the first month’s instalment. The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
Repayment schedule and calculation formula for the repayment of principal and interest
- The instalments to be paid have been calculated using a French repayment schedule which has consistent instalments. In other words, the same amount is paid every month, provided that the interest rate applicable to the transaction does not vary during the settlement period or that no early repayments have been made.
- The mortgage instalment is made up of interest and the repayment of the total amount of the loan. Since the amount to be paid is constant, the lower the outstanding principal of the mortgage is, the lower the interest generated on this principal will be. Consequently, more interest and less principal are paid over the first years of the mortgage and more principal and less interest are paid during the final period of the loan.
Representative examples:
MIXED MORTGAGE.
The current reference rate is the Euribor at 1 year of the month of May of 2025 published by the Bank of Spain on June 2, 2025: 2.081 %.
The variable APR of the following examples has been calculated on the assumption that the reference rates remain unchanged, therefore, this variable APR will vary with revisions of the interest rate, the repayment term and the amount financed, and it will be revised every six months from the fourth year.
In the event that the fixed interest rate applicable during the first 3 years is higher than that resulting from the sum of the agreed differential and the current reference rate on the contracting date, this fixed interest rate will be used to calculate the APR for the entire life of the operation. In the event that the fixed interest rate applicable during the first 3 years is less than the result of the sum of the agreed differential and the reference rate in force on the date of contracting, the variable APR will be calculated on the basis of the fixed rate for the first period and the variable rate for the second interest period.
2) DISCOUNTED MIXED MORTGAGE
- 2.00 % NIR fixed tranche the first 3 years, Euribor+0.75 % NIR variable tranche the rest of the years.
- 3.13 % variable APR
- Term: 30 years (for other repayment periods, consult your branch)
- Instalments: 36 instalments of €554.43 /month. 323 instalments of €612.88/month and a final instalment of €614.61.
- Total amount of the mortgage loan: Mortgage amount: 150,000 euros
- Total cost of the mortgage: €81,034.74 (€68,534.33 in interest)
- Total amount payable: €231,034.74
- Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Principal Life Protection Insurance and Home Protection Insurance with Banco Sabadell.
3) NON-DISCOUNTED MIXED MORTGAGE
- 2.90 % NIR fixed tranche the first 3 years, Euribor+1.65 % NIR variable tranche the rest of the years.
- 3.77 % variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 36 instalments of €624.34/month. 323 instalments of €687.10 /month and a final instalment of €686.39.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €99,990.74 (€95,095.93 in interest).
- Total amount payable: €249,990.74.
4) DISCOUNTED MIXED MORTGAGE
- 2.30% NIR fixed tranche the first 5 years, Euribor+1.00% NIR variable tranche the rest of the years.
- 3.29 % variable APR
- Term: 30 years (for other repayment periods, consult your branch)
- Instalments: 60 instalments of €577.20 /month. 299 instalments of €629.61 /month and a final instalment of €629.32 .
- Total amount of the mortgage loan: Mortgage amount: 150,000 euros
- Total cost of the mortgage: €86,015.12 (€73,514.711 in interest)
- Total amount payable: €236,015.12
- Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Principal Life Protection Insurance and Home Protection Insurance with Banco Sabadell.
5) NON-DISCOUNTED MIXED MORTGAGE
- 3.20% NIR fixed tranche the first 5 years, Euribor+1.90% NIR variable tranche the rest of the years.
- 3.94% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 60 instalments of €648.70/month. 299 instalments of €705.06/month and a final instalment of €705.16.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €105,334.91 (€100,440.10 in interest).
- Total amount payable: €255,334.91.
6) DISCOUNTED MIXED MORTGAGE
- 2.70% NIR fixed tranche the first 7 years, Euribor+0.95% NIR variable tranche the rest of the years.
- 3.36 % variable APR
- Term: 30 years (for other repayment periods, consult your branch)
- Instalments: 84 instalments of €608.40 /month. 275 instalments of €629.42 /month and a final instalment of €629.66 .
- Total amount of the mortgage loan: Mortgage amount: 150,000 euros
- Total cost of the mortgage: €87,326.17 (€74,825.76 in interest)
- Total amount payable: €237,326.17
- Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Principal Life Protection Insurance and Home Protection Insurance with Banco Sabadell.
7) NON-DISCOUNTED MIXED MORTGAGE
- 3.60% NIR fixed tranche the first 7 years, Euribor+1.85% NIR variable tranche the rest of the years.
- 4.01% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 84 instalments of €681.97/month. 275 instalments of €704.62/month and a final instalment of €705.92.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €106,656.71 euros (€101,761.90 in interest).
- Total amount payable: €256,656.71.
FIXED-RATE MORTGAGE.
The APR of the following representative examples may vary depending on the repayment term and the amount financed.
8) DISCOUNTED FIXED-RATE MORTGAGE
- 2.50% NIR (3.41% APR).
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 359 instalments of €592.68/month and a final instalment of €593.58 .
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €95.645,62 (€63,365.70 is interest).
Total amount payable: €245,645.62. - Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Capital Life Protection Insurance, Home Protection Insurance and Total Payment Protection Insurance with Banco Sabadell.
9) NON-DISCOUNTED FIXED-RATE MORTGAGE.
- 3.50% NIR (3.97% APR)
- Term: 30 years (for other repayment periods, consult your branch).
Instalments: 359 instalments of € 673.57month and a final instalment of € 671.67. - Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €104,687.82. (€92,483.30 is interest).
- Total amount payable: €254,687.82.
VARIABLE-RATE MORTGAGE
The current reference rate is the Euribor at 1 year of the month of May of 2025 published by the Bank of Spain on June 2 2025: 2,081%.
10) DISCOUNTED VARIABLE-RATE MORTGAGE
- 1.90% NIR the first year, Euribor +0.60% NIR the rest of the years.
- 3.53% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 12 instalments of €546.96 /month. 347 instalments of €605.05/month and a final instalment of €607.48.
- Total amount of the mortgage loan: Mortgage amount: €150,000.
- Total cost of the mortgage: €92,093.56 (€67,123.35 in interest).
- Total amount payable: €242,093.56.
- Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Capital Life Protection Insurance, Home Protection Insurance and Total Payment Protection Insurance with Banco Sabadell.
11) NON-DISCOUNTED VARIABLE-RATE MORTGAGE
- 2.90% NIR the first year, Euribor +1.60% NIR the rest of the years.
- 3.85% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 12 instalments of €624.34 /month. 347 instalments of €686.97 /month and a final instalment of €689.30.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €101,454.7 (€96,559.97 in interest).
- Total amount payable: €251,454.78.
2) 4) and 6) What does the variable APR calculation include?
- Arrangement fee: €0 (0%).
- Total amount of mortgage interest:
- 68,534.33 euros for the mortgage with a 3-year fixed tranche
- 73,514.71 euros for the mortgage with a 5-year fixed tranche
- 74,825.76 euros for the mortgage with a 7-year fixed tranche
- Sabadell Account Contract: €0 with the maximum discount of the maintenance fee, the cost is €0.
- Home Protection Insurance: the cost of taking out this insurance, which includes damage coverage through Banco Sabadell, is €12.75/month. The cost of this insurance will vary depending on when it is taken out and, among other factors, on the characteristics of the property to be mortgaged, the insured amount and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan with a principal of €150,000 and for a building valued at €100,000.00 whose type of home is on an intermediate floor with a built area of 100 m2.
- Constant capital life insurance with a quarterly premium to be maintained throughout the life of the mortgage: €63.38 /quarter (example for a 30-year-old man).
- Costs of registry checks: €25.41.
- Valuation costs: €302.71.
A half-yearly review will be made of the contracting of the products on which the applicable interest rate is contingent if contracting the mortgage with a discount.
2) 4) 6) and 10) Regarding the variable tranche, a six-monthly review will be carried out taking into account the date the mortgage was contracted. In it, the products eligible for discounts that the contracted customer has will be reviewed, as well as the Euribor to apply.
2) 4) and 6) In the fixed tranche, a review will be carried out to validate the contracting of products that generate interest rate discounts, on 30 June and 31 December.
3) 5) 7) and 11) Regarding the variable tranche, a six-monthly review of the Euribor to be applied will be carried out.
8) and 10) What does the calculation of the variable APR and APR include?
- Arrangement fee: €0 (0%).
- Total amount of mortgage interest: 63,365.70 euros for the subsidised variable mortgage and 67,123.35 euros for the subsidised fixed mortgage.
- Sabadell Account Contract: €0 with the maximum discount of the maintenance fee, the cost is €0.
- Home Protection Insurance: the cost of taking out this insurance, which includes damage coverage through Banco Sabadell, is €12.75/month. The cost of this insurance will vary depending on when it is taken out and, among other factors, on the characteristics of the property to be mortgaged, the insured amount and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan with a principal of €150,000 and for a building valued at €100,000.00 whose type of home is on an intermediate floor with a built area of 100 m2.
- Constant capital life insurance with a quarterly premium to be maintained throughout the life of the mortgage: €63.38/quarter (example for a 30-year-old man).
- Total Payment Protection Insurance with an annual premium to be maintained throughout the life of the mortgage: €463.41/year for the discounted variable mortgage and €422.56/year for the discounted fixed-rate mortgage. With coverage of 100% of the mortgage payment in the event of unemployment or sick leave (example for an employee with a permanent contract).
- Costs of registry checks: €25.41.
- Valuation costs: €302.71 .
A half-yearly review will be made of the contracting of the products on which the applicable interest rate is contingent if contracting the mortgage with a discount.
3) 5) 7) 9) and 11) What does the calculation of the variable APR and APR include?
- Arrangement fee: €0 (0%).
- Total amount of mortgage interest: 95,095.93 euros for the unsubsidized mixed mortgage with a 3-year fixed section, 100,440.10 euros for the unsubsidized mixed mortgage with a 5-year fixed section, 101,761.90 euros for the mortgage non-subsidized mixed with a 7-year fixed section, 92,483.30 euros for the non-subsidized fixed mortgage and 96,559.97 euros for the non-subsidized fixed mortgage.
- Sabadell Account Contract: 60 euros/quarter.
- Compulsory property damage insurance for the life of the mortgage (it does not have to be taken out with Banco Sabadell): Banco Sabadell does not sell insurance that only includes damage coverage, therefore the calculation of the APR and variable APR has been made taking into account the premium resulting from simulating Banco Sabadell’s Home Protection insurance (which includes damage coverage) whose cost has been estimated at €12.75/month. The cost of this insurance will vary depending on when it is taken out and, among other factors, on the characteristics of the property to be mortgaged, the insured amount and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan with a principal of €150,000 and for a building valued at €100,000.00 whose type of home is on an intermediate floor with a built area of 100 m2.
- Costs of registry checks: €25.41.
- Valuation costs: €302.71.
Differences between combined and separate product offer:
The combined or separate product offer will have an impact on the costs I and early cancellation II of the loan or its combined products.
I) Costs. The cost of taking out the Home Protection, Constant Capital Life and Total Payment Protection insurance is independent from taking out the loan, so it has the same cost as if it were taken out individually.II) Effects of early cancellation of the loan or any of the combined products. The effects that the early cancellation of the loan or any of the combined products would have on the joint cost of the loan and the other combined products or services will be part of the personalised information to be provided by means of the European Standardised Information Sheet (ESIS).
Additional information:
Representative examples of loans secured by mortgages on residential property designed to finance purchases of housing by natural persons acting as consumers. Transaction subject to the prior approval of Banco Sabadell. No advisory service is provided. Interest rate terms subject to risk analysis by Banco Sabadell. Terms may vary, depending on the result of the risk analysis. In accordance with article 1911 of the Civil Code, which establishes the principle of universal responsibility, in the event of non-payment, the debtor, and, where appropriate, the debtor’s guarantors or joint guarantors and mortgage guarantors, will be liable with all their present and future assets, so they may lose their home/s and/or any other property they own.
Additional information on the insurance associated with your mortgage:
- Home Protection and Total Payment Protection are insurance policies of BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros, with Tax ID Number (NIF) A64194590 and address at calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Companies of the DGSyFP with code no. C-0767.
- Constant Capital Life Protection is an insurance of BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with Tax ID Number (NIF) A08371908 and address at calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Companies of the DGSyFP with code no. C-0557.
Insurance brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A, Tax ID Number (NIF) A 03424223, with address at avda. Óscar Esplá, 37, 03007 Alicante, registered in the Mercantile Registry of Alicante and in the Administrative Register of the Directorate-General for Insurance and Pension Funds of the DGSyFP with code no. OV-0004, having subscribed a civil liability insurance in accordance with the provisions of the regulations for the distribution of private insurance and reinsurance in force at any time. You can view the insurance companies with which BanSabadell Mediación has signed an insurance agency contract at www.bancosabadell.com/bsmediacion. View information on the Insurance Mediator here.