The surge in subrogation mortgages continues, which in the first quarter of the year exceeded half of the overall market, reaching 58,8% of the total. In second place, with 34,9%, are mortgages for the purchase of a first home. These are the data published today by the MutuiOnline.it Observatory.
La substitute allows you to move the debt from your bank to another institution that offers better conditions in terms of rates and duration, without additional costs (for example, no notary fees), but also without the possibility of changing the amount remaining to be repaid (in that case we would speak of replacement of the mortgage).
The analysis also shows that the most disbursed form of mortgage in the period January-March 2015 was the fixed rate, with 50,7% of subscriptions, against 43,9% of the variable rate.
In the first quarter of the new year, the demand for mortgages for the Loan to value (LTV) classes between 26 and 71% of the property value amounted to 80%, with 19% of the mortgages actually disbursed. As regards the duration, however, the majority of mortgages disbursed in Italy have a maturity of 20 years (25,2%).
In terms of geographical location, 42,1% of mortgages disbursed were distributed in Northern Italy and 39,7% in the Centre, much more than in the South (12,9%) and in the Islands (5,3% ).
