GUIDES
Clear explanations of mortgages, rates and the process, without the jargon.
35 guides
Many buyers in Portugal only start on the mortgage after choosing a property and signing the promissory contract. But the bank looks at the…
The MTIC is the total amount you will pay for your loan, from start to finish. It adds the amount borrowed to the interest, fees, taxes and…
With a fixed rate, your repayment is always the same. With a variable rate, your repayment goes up and down with Euribor. With a mixed…
The spread is the bank's margin. It is added to Euribor to give the interest rate on your loan. It can go down if you take other products…
In Portugal the APR is called TAEG. It shows the total cost of the loan, per year, as a percentage of the amount borrowed. It includes…
Yes. A transfer means paying off the old loan with a new loan at another bank. The old bank may charge a fee: up to 0.5% on a variable…
They pay for the common parts of the building, such as stairs, roof and lift. They are shared among the owners, in proportion to the value…
Yes. The home you will live in can be exempt from IMI for 3 years. Its taxable value cannot exceed €125,000. Your household's gross income…
IMI is the yearly tax on homes and land. Whoever owns the home on 31 December pays it. For homes, the rate is 0.3% to 0.45% of the taxable…
No. You can have your loan insurance with another insurer, as long as the cover is equivalent. You can also replace your life insurance…
The bank can require insurance linked to the loan. The most common is life insurance, and often home insurance. But it must accept a policy…
Compare two rates: the interest you pay on the loan and what your money earns, after tax. If the loan costs more, repaying early tends to…
The safest way is a basic bank account. In 2026, the bank cannot charge more than €5.37 a year for these services. As a rule, you can only…