Troubled interest rates: These are now the best forward loans

The turbulence on the interest markets is continuing and is not only plunging buyers into severe crises.

Troubled interest rates: These are now the best forward loans

The turbulence on the interest markets is continuing and is not only plunging buyers into severe crises. Even those who need follow-up financing in the foreseeable future must now make far-reaching decisions.

Not so long ago, customers could take out home loans at an interest rate of less than one percent. Then suddenly everything happened very quickly. The average interest rate is now fixed for ten years and the 50 percent loan-to-value ratio is 2.70 percent. This corresponds almost to the average value of the past 15 years.

But does that mean that follow-up financiers should take out a forward loan as soon as possible in order to at least secure the current interest rates?

A few weeks ago, this question would probably have been answered with a resounding yes. But it's not that easy. Because, of all things, since the historic interest rate hike by the ECB, building interest rates have fallen significantly again.

Customers who need a new loan in the foreseeable future therefore have enough time to look for the right forward loan with a reasonably cool head.

Because real estate has become more expensive, interest rates remain affordable

First, a look at the statistics. Figures from FMH financial advice show that customers who are due for follow-up financing in a few years have a little less than 200,000 euros to reschedule - with a property value of around 500,000 euros. This high figure is due to price increases in recent years and plays into the hands of customers. Because even those who have only repaid a small amount in their original loan benefit from the higher value of their property: the percentage loan to value has also fallen extremely for him or her. That keeps interest rates manageable.

As a rule of thumb, homeowners who financed eight years ago would now get interest rates of two to 2.5 percent from good providers. Still. Because there is great fear that the long-term upward trend in interest rates will continue and that loans will become more expensive again until the end of the lock-in period. What shall we do?

What is important now: low interest rates, high flexibility

The silver bullet to soothe the faint of heart is to take out a cheap forward loan. On behalf of ntv, FMH has therefore determined which banks currently offer the best forward interest rates and at the same time allow as much flexibility as possible in loan repayments. The Frankfurt experts were particularly interested in special repayments and changes in repayments.

Loans of over EUR 200,000 with a 40 percent loan-to-value ratio were examined - each with a fixed interest rate of 10, 15 and 20 years. The experts assumed either a repayment of four percent per year - or full repayment within the term.

Among the nationwide banks and four percent repayment, ING, 1822direkt and Santander are the winners with fixed interest rates of ten and 15 years. Changes in repayments and unscheduled repayments are included in the valuation.

The BBBank eG and the Gladbacher Bank are also very good at ten years and at 15 years, which also shines at 20 years with the "Full Tilger offer".

Among the regional banks, PSD Bank West is at the forefront for all three fixed interest rates. At ten and 15 years old, the PSD Bank Nord and the Sparda banks Berlin and Südwest are among the top addresses in the region.

You can also use our forward loan comparison calculator to find the best forward loan.