Consumer mortgage loans with variable interest rates are currently in demand. Many people argue that the interest rates are still low for a long time will continue. We found out which formula will be most interesting: an annual adjustable interest rate or one with interest only after five years can change.
The numbers don’t lie: the variable formulas are currently strong in the elevator. Between the first quarter of 2017 and the third quarter of 2018:
* Dropped the number of families that opted for a formula with a fixed interest rate for the entire duration of the woonlening of 81,07 per cent to 65,48%.
* 7,87 percent opted for a loan for which the interest rate every 1 or 2 years can be adjusted.
* 5,81 percent chose a formula with adjustment every 3 or 4 years.
* 13,90 per cent for a formula with adjustment between 5 and up to 10 years.
* 6,94 percent for a formula in which the first adjustment until after at least 10 years.
TIP: Compare here the different woonleningen and rates with each other.
Cheapest formula
Actually, it is a loan for which the interest rate adjusted on a yearly basis is one of the cheapest. Suppose that the general interest rates rise, a bank rate fast height-adjustment. Her risk to an increase in interest rates for a long time low interest rate stuck is small, and it will be the borrowers benefits.
And yet we see so many people for formulas where the interest rate only after 5 or 10 years should be revised. That gives them more a sense of security and peace of mind, and they are slightly higher interest rate for about.
see also: Five things that your banker does not always tells about the woonlening
protected by law
does it mean that those who choose for a short herzieningsperiode reckless? Of course not: the first years is interest anyway legally bounded. The second year she is allowed but a maximum of 1 percent higher than during the first year. In the third year, that is 2 per cent. And also: during the entire term should the agreed interest rate up to double.
Is that the adjustments are regulated by law; they must be done on the basis of reference indexes, published monthly in the Belgian official Gazette. This works as follows:
* if you Opt for a loan with annually adjustable interest rate? Then you index A (that attaches the loan to the evolution of government bonds with a maturity of 1 year).
* if you Opt for a loan with triennial adaptability, then follow the index C (which is the evolution of your rate of interest with that of the government bonds to three years).
* And so it goes, until index J for loans with a parameterization of the interest rate after at least 10 years.
Choose for yourself
The formula you choose, it should suit you. Do you want to especially security, choose, for example, a formula with adaptability after the first ten years. Assume that the first few years the hardest to wear, and you can afterwards, what more the reins to celebrate, it is a choice for a shorter reset period does more for the hand.
Formulas variable interest rate per bank
