The interests of homeowners suspect that banks have not so much need the interest rate premium to cover with a mortgage risk, but mainly used to increase the return on mortgages.
The store, which would become increasingly calculated, may rise to 0.3 percent. Someone with a mortgage of 200,000 euros for a property with a value of 400,000 euros or more, thereby paying a monthly 50 euro extra interest to the bank.
Lenders calculate the interest spread, which comes on top of the mortgage, because all interest-only mortgages would be additional mortgage risk. But an additional risk may not be the case if the mortgage is only half or less of the current house value, the VEH says.
Encouraging
Banks use the interest spread of the VEH also to encourage customers to get repay their interest-only mortgage to convert to an annuity.
Especially for older homeowners with relatively low mortgage this is usually not useful or even inadvisable, according to the association . ” As a result, particularly the monthly mortgage payments will rise sharply, while there is usually more than enough surplus value. ”
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