We make banks compete with each other to offer you the best mortgage
Yes, this is 100% real
We have created a system where banks compete for you, to ensure that you get the best mortgage conditions. Free, fast and safe.
Why would you choose Colibid?
Let’s see what applying for a mortgage looks like:
*Are you still reading the column in the right?
You sign up to a thousand platforms, just to compare the different generic offers.
You visit the office of your lifelong bank.
You don't receive any offers because you lack documentation.
You spend days researching how to get all the documents you need
Work experience report? How do I get that?
You make another appointment now you have the documentation
Wait 5 days for them to analyse your profile and send you their proposal.
You make an appointment at another bank that your brother-in-law told you about.
They can't help you as you are missing more paperwork that the first bank didn't ask for but this bank needs.
You cry inconsolably as you pray for your boss to let you leave early again to go to the bank before they shut.
You manage to deliver everything and the second bank makes you an offer, during which time the first one has already responded to you
Thank goodness it's the bank you've been with all your life…you see if you can get a small reduction in your mortgage installments.
The real estate agency calls you. You're going to lose the apartment if you don't get a mortgage quickly.
You contact a mortgage broker to see if this will speed things up.
You compare the 3 offers you receive…none of them are similar to what the comparators suggested
You choose the least bad one, because you don't have time to look at more options.
Questions that you surely ask yourself before getting a mortgage
The bids you receive at the Colibid auction are real mortgage offers from certified banks and brokers. Therefore, all bids are 100% real and fully customised for you. In contrast, mortgage comparison sites only offer approximate results of the conditions that your mortgage could have, based on generic offers put forward by banks.
You can apply for a new mortgage or improve the conditions of the one you already have (either by subrogating your loan or by taking out a new mortgage and paying off the old one).
Unfortunately, our service does not offer self-promoting loans, but sign up for our newsletter! We are working on it and will let you know as soon as they are available.
Fixed-rate mortgages. When the interest rate does not change during the agreed term, so the instalments will always be the same.
Variable rate mortgages: the monthly instalments change over time depending on the Euribor, in each review period. The advantages are that the instalments are lower at the beginning, and even more so now that the rates are negative. On the other hand, you cannot know what will happen in the future, and the quantity of your instalments will depend on the evolution of the interest rates.
Mixed-rate mortgages: this is when the mortgage combines a fixed rate with a variable rate. Normally the first years it is a fixed rate, and then it changes to a variable rate.
It is the monthly amount that you’ll need to pay the bank for your mortgage. Part of this payment will be the full repayment of the amount you have requested and the other part will be the interest the bank charges you for lending you the money.
NIR: the fixed percentage you pay for the money you borrow, which doesn’t include any fees or handling charges associated with the loan.
APR: an indicator used to compare the effective cost of two or more loans. It includes the fees and expenses of the operation.
Some banks can offer the mortgage loan together with other products. There are many different types of linkages, but the most common ones are direct deposit of the salary, home insurance and life insurance.