lowered interest on mortgages to 1.39%.

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SLSP started a new year by raising interest rates. Banks seemed to turn the rudder to higher rates. But it did not last long. From 13.2. SLSP cuts interest on mortgages to 1.39% pa This is likely to be a response to VUB Bank’s campaign. What makes these different?

A mortgage with an interest of 1.39%

A mortgage with an interest of 1.39%

VUB offers interest of 1.39% pa for anyone who meets the basic creditworthiness conditions, except for the worst-performing clients. SLSP offers interest “from” 1.39% pa. and it is not automatically obtained by every client.

Multiple services are needed for the vast majority of people to earn 1.39% in SLSP. Last year, in many cases, opening an account and saving money on a savings account was enough to get a minimum rate. It’s not enough since the new year. Now they demand extra things.

What can SLSP demand from you to earn the lowest interest?

What can SLSP demand from you to earn the lowest interest?

Good creditworthiness and sufficient collateral value may not be sufficient to earn 1.39% interest. To obtain the lowest interest, the bank may require you to use other services.

In practice, I often find the fact that the bank prints credit cards, funeral insurance and regular savings in mutual funds. The second sounds like the worst. With such forced sales, SLSP affiliates meet their business plans.

Current interest rates on mortgages in SLSP

Current interest rates on mortgages in SLSP

I must note that these are “from” rates and not for everyone. Here’s how SLSP rates for individual fixes look like:

  • 1 year … from 1.39% pa
  • 3 years … from 1.39% pa
  • 5 years … from 1.59% pa
  • 10 years … from 2.99% pa

What rates are offered by a competitive VUB bank

What rates are offered by a competitive VUB bank

VUB Bank rates are not “from”. This is a fundamental difference from SLSP. These rates apply to everyone at LTV up to 90%. This is how VUB fixes:

  • 1 year … 1.49% pa
  • 3 years … 1.39% pa
  • 4 and 5 years … 1.49% pa
  • 6 years … 1.69% pa
  • 8 years … 1.99% pa
  • 10 years … 2.29% pa

Current Campaign Conditions in SLSP

  • SLSP pays an expert opinion for the client. It should be solved by a SLSP expert. An expert opinion is the property of SLSP and you will not receive a copy of it. Anyway, you will save from 100 to 150 €, which is the price of an expert opinion.
  • SLSP will provide you with a proposal for a deposit of € 66 for standard delivery. It’s also the amount you can save.
  • By April 30, 2017, they have provided a 100% discount on the mortgage approval fee. However, this is unlike 2 points, higher in most mortgage banks.

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