Direct Lenders fixed or variable mortgage

A mortgage loan at a fixed rate (fixed mortgage) and a variable rate mortgage loan (variable mortgage) are differentiated mainly by the interest rate applied to them, which in turn means that financial institutions offer different conditions for each one. To determine the advantages and disadvantages when choosing a fixed or variable mortgage, it is convenient to analyze three factors mainly: interest rate, term, and quota.

Type of loan interest

Type of loan interest

In a fixed mortgage, the same interest rate applies throughout the life of the loan This means that the fee to be paid is always the same, neither goes up or down, so the client knows in advance the fee to pay, avoiding surprises derived from the rises of the Euribor (or another reference index as agreed).

In a variable mortgage, the interest rate is composed of a fixed spread plus a reference index (usually the Euribor). In this way, the fee to be paid may increase or decrease depending on how the reference index does it.

The most common is that financial institutions offer their fixed mortgages at a higher interest rate than their variable mortgages offer.

Share loan

In a fixed mortgage the terms granted to pay the mortgage tend to be shorter, which limits the possibility of facing lower fees. On the other hand, once the term is set, the fee to be paid will remain unchanged, neither increases nor decreases.

In a variable mortgage, they usually offer a longer term when paying the mortgage, which opens the possibility of facing lower fees. Also, once the term is set, the amount of the fee may change according to the benchmark index (Euribor). The most common is that every six months, the interest rate of the mortgage is updated taking into account the value of the Euribor.

Taking the same repayment term as a reference, the monthly installment of a variable mortgage is usually less than that of a fixed mortgage, since variable mortgages are offered at a lower interest rate.

For example, for a 25-year mortgage on a new house as the first home that costs € 150,000 and a mortgage of € 100,000 is requested in the province of Madrid, the monthly installments to March 2017 would be:

The decision

The loandecision

Fixed mortgage: The option for those who prefer to be sure to always pay the same monthly payment, and protect themselves from possible increases in market interest rates. The ability to pay the mortgage in a shorter period of time must be assessed.

Variable mortgage: The choice for those people who want to pay a lower fee, but linked to the reviews that are made according to the Euribor.



Obiang, the dictator of Equatorial Guinea: an uncomfortable presence at Suarez's funeral

The assistance of Equatorial Guinean dictator Teodoro Obiang to the state funeral of former President Adolfo Suárez has aroused criticism from citizens and various political sectors. Something similar happened with his last visit, in 2006, when an act was canceled in the Congress of Deputies as a result of the opposition then manifested by several parliamentary groups.

Before confirming his presence at the funeral, Obiang had already scheduled a trip to Brussels to attend on April 2 and 3 to a series of events, also criticized by some parliamentary groups, organized by the Cervantes Institute and the National University of Distance Education (UNED).

However, the death of Suarez has caused him to “formally” excuse his attendance at one of the UNED conferences on the development of education in Equatorial Guinea -the first university that opened there was the UNED-. The reason was that Obiang had been invited to Suárez’s funeral.

When a state funeral is organized, the host country – in this case, Spain – is responsible for sending an invitation to all countries with diplomatic representation in Spain to attend the event. Subsequently, it is up to the guest country to decide who heads the delegation. In the case of Equatorial Guinea it was Obiang who wanted to be present at that tribute to Suárez.

Controversy in his previous visit

The last time the President of Equatorial Guinea visited Madrid was in November 2006 , when he was received by the King and met with the then President José Luis Rodríguez Zapatero and with Mariano Rajoy, who at that time was the leader of the opposition.

On that occasion, Obiang suspended a planned visit to Congress arguing “agenda motives” after several parliamentary groups expressed their disagreement with his presence in the lower house.

That bad reception by certain political sectors and a large part of Spanish public opinion irritated Obiang , who three years later admitted that his refusal to grant visas for the Spanish press to cover the Equatorial Guinean legislatures of 2008 was a reprisal for that abuse that the Spanish press dispensed in 2006.

The Suárez-Obiang relationship

The Suárez-Obiang relationship

Teodoro Obiang came to power in 1979 after perpetrating a military coup that in August 1982 replaced by a civil government. Since then, it controls Equatorial Guinea after winning the presidential elections again and again, which has always been presented as the only candidate by the PDGE (Democratic Party of Equatorial Guinea), founded in 1986.

During the government of Suarez, Spanish cooperation in Equatorial Guinea was carried out with a substitute assistance In parallel to what was happening in the former Spanish colony, Suarez acceded in 1976 to the presidency of the Government in Spain after the death of Franco and was democratically elected a year later, in the elections of 1977. When Obiang gave the coup in Equatorial Guinea, Suarez was the chief executive .

During the government of Suárez, Spanish cooperation in that country was carried out as a substitute assistance until the signing of the First Framework Plan for Cooperation in November 1985, which included a series of training programs for indigenous staff. At that time, the priority objectives were the dissemination of culture and health aid to a population affected by malaria by 80%. However, the economic aid that Spain contributed to the Obiang regime until 1990 did not improve the financial situation of Equatorial Guinea, partly due to the lack of experience of Spain in a task of this style, but also due to corruption and corruption. the administrative inefficiency present in that country.

Years later it would be reflected that the relationship between Suárez and Obiang was not particularly good . In 1992, a year after departing from Spanish polical life, Suárez acted as an advisor to the democratic process in Equatorial Guinea, a mediation that failed with the rejection of the Obiang regime in 1993 when Suarez continued to work for the transition in that country. He even came to the opinion in 1994 that the task carried out by the Spaniard had been a “defective advice”.

Second campaign for the collective purchase of solar installations

After the success obtained with the first Solar Surge, collective purchase of photovoltaic solar installations for self-consumption in homes, to which 100 households from 14 Autonomous Communities have joined during 2017, Ecooo has just launched the second wave with the same goal, to achieve add another 100 homes in 45 days so they can self-clean.

Ecooo, the company that promotes and develops projects in favor of a new sustainable energy model and in the hands of people, is the promoter of the Solar Surge campaign, which is committed to generating its own energy. In this second, it will have local alliances in Sabadell, La Palma, Tenerife and Gran Canaria.

Oleada solar

The collective purchase of the installations of the solar installations supposes a very important improvement in the price. A photovoltaic generator like the one they propose costs € 6,785 if purchased individually. But if you buy 100 facilities collectively the savings is € 2,035, which is 30%.

In just 10 m² of roof surface enough energy is generated to supply a good part of the day’s consumption during the next 30 years. It is an installation with photovoltaic aneles and inverters of high quality and European manufacture. A commitment to quality, to minimize the carbon footprint and collaboration against the competition .


The project includes a complete management of the photovoltaic solar installation process, taking into account the values ​​of the social and solidarity economy and highlighting the work of a complete network of local installers.

Among the great achievements of the first Solar Wave are having increased by 35% the number of homes with self-consumption in our country in just half a year, increasing the percentage to 70%, for example, in the Community of Madrid or having generated a network of installers of photovoltaic panels constituted by 50 companies and with more than 200 trained workers, in total.

Extremadura will receive 2,963 million of the regional financing system this year, 2.3% more



Montoro presenta los Presupuestos en el Congreso

Cristóbal Montoro and Ana Pastor, in presentation at the Congress of the 2017 Budget. EUROPA PRESS

The autonomic financing provided for in the draft of State Budgets for this year will grow for the Canary Islands twice as much as for the group of communities, 11.9 percent compared to 5.7 percent of the national average, followed by the Balearic Islands, whose income for this chapter will grow 9.3 percent this year.

By communities and in absolute terms, Catalonia (18,576 million euros), Andalusia (18,299 million), Madrid (13,396 million) and the Valencian Community (10,042 million) are the leaders, according to the data released on Wednesday by the Ministry of Health. Treasury, which will send this information to the CCAA throughout today.

However, the highest growth with respect to 2016 is recorded by Canarias, whose allocation in the regional financing system grows 11.9 percent (it will receive 4,467 million euros), followed by the Balearic Islands (2,404 million) and Comunidad Valenciana (10,042 million) ), which grow 9.2%.

Cantabria has the third highest increase, of 7.2 percent (it receives a total of 1.716 million) and then Madrid, with 6.5 percent more (13.396 million), and Catalonia, whose resources are increased by 6, 2 percent (18,576 million).

In the classification according to relative variations is Murcia, which will receive 6.1 percent more (3.061 million in total), followed by Aragon, which improves 4.9 percent (3.326 million) and Andalusia, whose income goes up 4.8 percent (18.299 million).

The Galicia list closes, with an increase of 3.6 percent (7,119 million in total), La Rioja, which grows 3.5 (934 million), Castilla-La Mancha, which rises 3% (4,658 million), Castilla y León, with 2.4% increase (6,176 million), Extremadura, with 2.3 (2,963 million), and Asturias, whose resources foreseen in the system increase 2.1% (2,604 million in total) ).


The Government plans to transfer 99,822 million euros to the Autonomous Communities for the financing system, 5,381 million euros more than expected for last year, in the year in which the reform of this mechanism is being initiated in response to the widespread complaint that the current distribution formula does not work.

To this figure are added the 7,424 million that the Government expects to distribute for the liquidation of the financing system for 2015, favorable to the autonomies. Added to the above, more than 100,000 million euros to distribute among the 15 communities of the common system, excluding the Basque Country and Navarre.

Of this amount, the increase in the ceded taxes stands out and adds up to 82,827 million euros, since the Autonomous Communities will receive 37,179 million for personal income tax (9.2% more), another 33,056 million for VAT (7.6% more) and 12,591 million for special taxes (1.45% increase).

Also, 3,821.37 million will be distributed from the Global Sufficiency Fund (the difference between the financing needs of a community and its tax capacity and transfers) and another 8,570 million from the Guarantee Fund (to ensure that each community receives the same money per inhabitant ).

The first is distributed as follows: Catalonia, 19 percent of the total (728.8 million), Galicia 14.6 percent (558 million), Andalusia 12.4 percent (474 ​​million), Cantabria 11.9 percent (458 million), Extremadura 10.9 (416), Castilla y León 10.6 percent (406 million), Aragón 6.7 percent of the total (259 million), La Rioja 5.19 percent (198 million), Asturias 4.5 percent (174 million), Castilla-La Mancha 1.97 percent (75 million) and Canary Islands 1.85 percent (70 million euros).

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