As we have told you on other occasions, no-obligation mortgages are those in which the conditions do not depend on the contracting of additional products such as insurance, payrolls or credit cards. However, some banks usually offer mortgage loans with very attractive interest rates with which we can save more money a priori but which require obligations such as contracting insurance, pension plans, credit cards or direct depositing our payroll.

In recent days, we have heard about the new features that the reform of the Mortgage Law will bring. Among them, there is talk of the redistribution of the processing costs of mortgage loans, where until now, it was the client who had to assume the cost of formalizing a mortgage, but with the legislative change, the vast majority of these costs fall on the lending entities.

Specifically, the bank will have to pay the bills for the agency, the notary, the registry and also the Stamp Duty . For their part, consumers will be responsible for paying for the appraisal of the property and the notarized copies when they request them .

With this data, the financial comparison site Kelisto has produced a report on the cost of no-obligation mortgages in traditional banking, taking as a basis for the study the available figures and interest rates currently applied, and has come to the conclusion that rejecting bonuses on a mortgage would cost up to 700 euros a year.

The products that make mortgages more expensive

The Kelisto report states that the most common commitments include: direct deposit of payroll (required by 100% of traditional entities), taking out home and life insurance (present in 90% of offers), making purchases with credit or debit cards, as well as taking out pension plans (43% of traditional banking offers).

The comparator also points out in its report that the increases are not homogeneous, since the increase will be smaller or larger depending on the products that are rejected.

The biggest increase would occur if the consumer decides not to deposit his salary in the bank where he has requested his mortgage loan, increasing the interest by 0.7 percentage points. Following this would be the rejection of life and home insurance.

These increases would also vary depending on the autonomous community in which we buy our home.

Madrid is the region where our mortgage loan would become more expensive if we decided to take out a no-obligation mortgage with traditional banks. Specifically, it would cost 971.7 euros per year. Behind them would be the Balearic Islands (896.8), Ceuta (886) and Catalonia (858).

At the other extreme are the communities where the annual fee would increase the least: Extremadura (435.88), Murcia (472.2 euros) and the Canary Islands (4875.8 euros).

No-obligation mortgages that won't cost you more

At UCI we want you not to commit to anyone, which is why we offer all our mortgage loans with no opening fee and no fee for total or partial cancellation, no obligation to deposit your salary, change banks or take out cards, insurance or any other product. In addition, at Hipotecas.com we offer you a personal manager who will accompany you to the end to resolve all your doubts.