▷ Slight increase in interest rates for real estate loans

19.01.2022 – 07:30


Munich (ots)

  • Mortgage interest rates online are seven percent cheaper than the national average
  • At CHECK24, construction financing specialists advise digitally via screen sharing

Interest rates for real estate financing have risen slightly within a year. In November 2021, CHECK24 customers actually paid an average of 1.07 percent for building loans with a ten-year fixed interest rate. That means an increase of ten percent compared to the same month last year.1)

Online mortgage lending rates are seven percent cheaper than the national average. The average effective interest rate for real estate loans in Germany rose by twelve percent over the course of the year: from 1.03 to 1.15 percent.2)

“More and more market participants are expecting the European Central Bank to adjust its key interest rate policy,” says Ingo Foitzik, Managing Director of construction financing at CHECK24. “Should the ECB tighten interest rates, this could also increase building interest rates. Banks assess the current situation very differently, which is why comparing different offers is more important than ever for consumers looking for cheap building financing.”

“We have consistently relied on digital consulting for years”

After entering a few data on the financing project in the CHECK24 construction financing comparison, personal construction financing experts will get in touch.

“We have consistently relied on digital consulting for years”, says Ingo Foitzik. “This allows customers to push ahead with their construction financing from home during the Corona crisis.”

Various financing options are presented by telephone and internet. These are displayed directly on the customer’s computer screen via screen sharing. Details and open questions are clarified in a detailed discussion via video consultation or telephone. Up to five people can take part in the video consultation. The appropriate financing model is then determined from the products and options from more than 450 providers. Even after that, the personal contact person will help at any time, e.g. B. with questions about the loan agreement or during the payment phase.

1) Effective interest on real estate financing concluded via CHECK24 with an initial fixed interest rate of ten years

2) APR on home construction loans (new business) from German banks to private households with an initial fixed interest rate of more than five to ten years (SUD 118)

About CHECK24

CHECK24 is Germany’s largest comparison portal. The free online comparison of numerous providers creates consistent transparency and customers often save several hundred euros by switching. You can choose from over 300 car insurance tariffs, over 1,000 electricity and over 850 gas providers, more than 300 banks and credit brokers, over 350 telecommunications providers for DSL and mobile communications, over 10,000 affiliated shops for electronics, household goods and car tires, more than 300 car rental companies, over 1,000,000 accommodation providers, more than 700 airlines and more than 75 tour operators. The use of the CHECK24 comparison calculator and personal customer advice seven days a week is free for consumers. CHECK24 receives remuneration from the providers.

CHECK24 supports EU quality criteria for comparison portals

Consumer protection is the top priority for CHECK24. CHECK24 is therefore actively involved in enforcing uniform European quality criteria for comparison portals. The list of principles of the EU Commission “Key Principles for Comparison Tools” contains nine recommendations for objectivity and transparency, which CHECK24 fulfills in all points – including rankings, market coverage, data currency, customer reviews, user-friendliness and customer service.

Press contact:

Florian Stark, Public Relations Manager, Tel. +49 89 2000 47 1169, [email protected]
Daniel Friedheim, Director Public Relations, Tel. +49 89 2000 47 1170, [email protected]

Original content from: CHECK24 GmbH, transmitted by news aktuell


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