Kutxabank grants 50% more mortgages in Madrid than before the pandemic

The general decline in economic activity has not prevented Kutxabank from registering growth in the heading of new loans for the purchase of housing in the Madrid Community. So far this year, the entity has signed 50% more mortgages in this community than in the same period of 2020, before the outbreak of the health crisis.

This evolution places Kutxabank in the leading positions in the sector in terms of new mortgage production, which has been reflected in its market shares.

In the case of Madrid, Kutxabank currently concentrates 6.3% of the mortgage market, well above its share of the branch network, after having increased its penetration in the local market by 15% in 2020.

96% of the new operations formalized in Madrid have tended to protect their loans against future rate hikes, mainly with fixed and mixed mortgages.

At Kutxabank they highlight the flexibility of their mortgage, since it adapts to the needs of each person at different times of the repayment period, with advantages that improve their conditions depending on the degree of bonding of each client.

Among the new products marketed, Kutxabank offers an innovative ‘Green Mortgage’, which favors the acquisition of energy efficient homes, cataloged with the A or B rating. The farms that are included under this rating can benefit from special financing conditions, and They can contract a specific ‘Green Home Insurance’ for this type of low-consumption properties. Since its commercialization, 1 in 4 mortgages constituted has benefited from the advantages of this financing formula.

Aware that the purchase of a home is one of the most important investments in the lives of its clients, Kutxabank’s specialized teams have resources that are very useful in the search for the ideal property.

One of these specific tools is the online ‘Housing Guide’, which shows all the steps to be followed from the start of the property search. It offers clues to sort your search for a home, focus your objectives, and see limitations. It informs about the most specific characteristics of the sale, provides indications on the details that must be considered before committing to the purchase, being able to continue with the financing process, and constitute the deeds of the new home.

–