Today is the 11th, of the 11th what the Chinese call the day of singles and today we remember them from this blog because there are probably very few singles who read us and the reason is consistent, they frankly have difficulty in obtaining a mortgage.
The ‘single cup ‘ (English degree fee) is the extra that a person who does not have a partner and ultimately a family has to pay for specific services. Nothing is meant for singles, if you go to the supermarket you will see that most of the food is “familiar” if you go to a hotel you will see that all the rooms are for at least two people, which in some other products such as mortgages.
What a bank looks for when it grants a mortgage it is solvencyTherefore, if there are more owners, there is more income and more security that they will always be able to pay the installment, so they adjust the interest to that solvency.
Therefore, if a person goes to apply for a mortgage on his own, he will find more difficulties. To begin with, keep this in mind The Bank of Spain recommends that mortgage payments not exceed 30% or 35% of monthly income of the loan holders. Who will be able to reach that percentage with just one salary? and in the event that they grant you the loan, in addition to doing it under more onerous conditions, it is likely that they need some guarantee.
Therefore, if you are single and want a mortgage, you can start installing Tinder and find a partner, not to find the love of your life, but to find someone who pays the dues with you every month.
happy singles day
