Spanish mortgage refinance
We work out for free whether refinancing your Spanish mortgage pays off. If it does, we handle it. You pay on completion, never before. The review is free for everyone, whether or not you are already a Realdream client.
The usual signs that it is time for a review.
If you signed in 2022-2023, you are on somewhere between 3% and 4.5%. Spanish banks now refinance comparable profiles at 2.5-3.2%. Over the remaining term of your mortgage that gap is worth tens of thousands of euros.
The bank earns on the rate you are paying now. It has no reason to remind you that you could renegotiate. 65% of Spanish fixed-rate mortgages are never renegotiated in 25 years — almost nobody makes the first move.
You earn more than when you signed. You have paid 3-5 years of instalments on time. You are a lower-risk borrower. And yet you are on the terms of the day you signed, not of today.
Every month you wait to refinance on a rate one point above market, on €300,000 outstanding, is roughly €250 of instalment you did not need to pay. Over a year that is €3,000. Our fee is success-based: the check itself costs nothing.
You send us the details of your current mortgage. Within a few working days you get a report: comparison against the 2026 market, estimated monthly and total saving, a clear recommendation. No cost, no obligation to go ahead.
Priority refinance assessment + periodic proactive analysis. The subrogación fee is discounted by 25% for former mortgage clients (€3,900 → €2,925 minimum).
Go to non-resident mortgageNo problem. The review is free for you too. If you refinance with us, you pay the fee on completion. No hidden costs.
Go to the packagesAn indicative figure based on a typical scenario. Your own calculation comes from the free review.
The borrower
Against the 2026 market
Costs and net
A real but indicative example. What you save depends on the rate you signed, the early-repayment penalties in your contract, and the offer we obtain. The free review gives you your own numbers.
Always start with the free review: then we see whether subrogación or renegociación is the better route.
To find out whether refinancing pays off
When
Everyone, including non-clients
Time
A few working days
To move to a better bank
of the capital · min €3,900
When
When the rate gap is above 0.8 points
Time
Typically 6-10 weeks (market timings, indicative)
To renegotiate with your current bank
flat
When
When the bank is willing to review
Time
Usually faster than a subrogación (indicative)
A 30-minute call + you send the contract and a statement. We check the rate, the balance, the term and the early-repayment penalties.
⏱ 1 day
Within a few working days you have the report: market comparison, estimated savings, costs, payback, recommendation. A briefing call to walk through it.
⏱ A few working days
If it pays off, you choose subrogación or renegociación. If the review says "wait", you wait. No obligation, no cost.
⏱ Yours
If you go ahead, we handle everything: approaching banks, negotiating, documents, notary (for a subrogación). You sign at the end, and pay only if it completes.
⏱ Typically 6-10 weeks (subrogación), usually less (renegociación) — market timings, indicative
Two different routes to a better mortgage. The review usually tells you straight away which one is yours.
Transferring the mortgage from one bank to another. The new bank steps into the old one, taking on the outstanding capital, but on new terms.
When it works
Costs
Timing: typically 6-10 weeks (market timings, indicative)
Renegotiating the terms with the bank you already have. The bank amends the existing contract (rate, term, structure).
When it works
Costs
Timing: usually faster than a subrogación (indicative)
The free review applies these rules to your own case and tells you what to do.
The sum is not "rate gain × years". Several variables change the answer entirely.
The minimum worth considering: 0.5 percentage points. Above 1 point: almost always worth looking at seriously.
More years remaining = more years of benefit. Under 5 years it rarely pays off, because of the fixed costs. Between 10 and 25 years is the sweet spot.
Post-2019 (Ley 5/2019): max 2% in the first 10 years on a fixed rate, max 0.15% in the first 5 years on a variable. Pre-2019 it can be higher — we check in the review.
Total refinancing costs / monthly saving. If you stay in the property longer than the payback, it pays off. If you expect to sell before, it does not.
If you expect further falls: refinance onto a variable. If you fear a rise: lock in a fixed now. The review gives you the scenarios.
Want to see how these apply to your mortgage?
Free review, report within a few working days, a clear recommendation.
Only mortgages secured on Spanish property. For a mortgage in your own country there are brokers who specialise in that market.
We do not do cash-out refinancing to consolidate consumer debt. We do pure refinancing: better terms on the same debt.
Life cover, insurance, the bank's financial products. We help you judge whether to accept them, with no incentive to push them on you.
It depends on the bank, on your profile, on the property. The free review tells you the odds BEFORE the application starts.
In theory there is no legal minimum, but in practice early-repayment penalties are highest in the first years. It usually makes sense after 2-3 years at least, once the benefit exceeds the remaining penalty.
Not for a renegociación. Briefly, yes, for a subrogación, to sign before the notary — or you can give power of attorney to our partner notary.
Yes. No catch, no hidden upsell. Our model is success-based: we earn only when a refinance actually completes. The review is the up-front investment that pays for itself on the clients who then go ahead.
No. The pre-approval enquiries we make with other banks are not visible to your current bank. Only when you formally start the subrogación does your bank receive the official notice.
Right after the new mortgage is drawn down (subrogación) or the amended terms take effect (renegociación). The new instalment starts the following month.
Yes, technically possible with a subrogación + ampliación. It needs assessing: the new bank reassesses your profile as if it were a new mortgage and has to accept the larger amount. Notary costs are similar to an original mortgage.
No. The review is free whatever the outcome. If the advice is "wait 6 months and check again", you check again whenever you like.
Typically 6-10 weeks: these are market timings and indicative. It depends on the new bank (some are faster than others) and on how complex your situation is.
It depends on the sum: penalty + notary costs + broker fee against the total saving. Often yes, if the rate gap is significant and many years remain. That is exactly the calculation the review does.
Yes. A subrogación or a renegociación can switch you: variable → fixed (locking in your instalments), fixed → variable (betting that rates fall), variable → mixed (part fixed, part variable). The right choice depends on your risk profile.
Fill in the form: we get back to you within 24 working hours — by email or phone, depending on your case. If it helps, we book a free 30-minute call; then we send the report within a few working days. No obligation to proceed, no cost.
Paying too much?
Free review, a few working days
Everything you need to buy and run a home in Spain, with a single advisor.
Paying too much on your mortgage?
A free review of what you could save
Assistente Realdream
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