If your mortgage has a high spread or poor conditions, switching it can save you thousands of euros. We explain how.
Mortgages · Updated October 2026 · 5 min read
You are not tied to your mortgage for life. If the conditions are no longer competitive, you have two ways to improve them.
It means modifying the conditions (rate, term, tied products) with your current bank. It is faster and usually has lower costs, but it depends on the bank's willingness.
You move your mortgage to another bank that offers better conditions. The new bank takes over the loan. It involves a new valuation and, sometimes, fees.
We compare the options (see fixed, variable or mixed) and handle it with our mortgage broker.
Novation modifies the mortgage with your current bank; subrogation moves it to another bank with better conditions. We study which suits you based on costs and savings.
It usually involves a new valuation and, depending on the case, subrogation or novation fees. We calculate whether the savings pay off before taking the step.
Novation modifies your mortgage with the same bank; subrogation moves the loan to another lender with better terms. Both avoid setting up a brand-new mortgage.
Subrogation or early-repayment fees may apply depending on the type and date of the loan, plus a new appraisal. We calculate whether the saving pays off.
Yes. When you notify a subrogation, your bank may make a counteroffer to retain you. Compare both with the numbers in hand.
We study whether a novation or a subrogation suits you and negotiate with the banks for you.
