Home loans, with the rates at the minimum, the exodus is triggered from one bank to another

It is good to remember that since 2007 subrogations – with which an old mortgage is moved to a new bank that offers better conditions – they are free. There are no notary fees because the amount of the loan is not changed and, therefore, the values ​​on which the mortgage is held should not be changed. And any other charges are borne by the new bank. On balance that game in September can be considered the third wave of subrogations in Italy, after those recorded between 2014 and 2015 and between 2017 and mid-2018.

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Meanwhile, rates have fallen sharply: today in the best conditions, those of a mortgage not exceeding 50% of the value of the home, the fixed rate has fallen below 1%, not to mention the variable that is around 0, 6%. Thus the surrogate market, which seemed to have closed in 2018 when rates had updated new lows, then perceived as unrepeatable, was again opened also for those who surrogated last year.

The call of the fixed rate

Who's subrogating today? "This is almost all subrogations to the fixed rate – explains Roberto Anedda, vice president of MutuiOnline.it -. Many are subrogating from fixed to fixed, and this is also the second or third subrogation operation. But many are also taking advantage of the favorable moment to transform their old variable into a little more expensive fixed, about 20 or 30 basis points.