Mortgage lending

The Euribor interest rate for 12 months ultimately fixed on mortgages lent by banks has hit the 3% mark for the first time in 14 years. The last time the rate was pegged so high was on 1 January, [...]

Mortgages will go up between 10% and 55% from December. Monthly repayments on mortgages will rise again from December by between 10% and 55%. They will rise at a particularly challenging time for [...]

The European Central Bank has warned that Portugal is in a group of countries that are prone to “problematic loans”. Increases in interest rates will affect families where mortgages are [...]

The average monthly mortgage repayment in Portugal will be €273 by July 2023 according to a forecast from the Bank of Portugal. The Euribor forecast represents 75% of the average monthly payment [...]

Interest on mortgages in Portugal hit 1.011% in August — the highest in three years. In the fifth consecutive month of increases, it is the highest percentage increase since November 2019 [...]

Families whose mortgage interest rates will be revised in May will see their monthly payments go up by between 1% and 7%. In mortgages tied to Euribor at 6 and 12 months, it will be the greatest [...]

The Bank of Portugal has tightened up access to mortgages for those who are in their 30s. From today (Friday, 1 April) new recommendations come into force regarding the maximum age limit for new [...]

The moratoria or bank loan freezes for thousands of families and businesses ended today as customers will once again have to pay the principal and interest on their loans after an 18 month period [...]

The end of the moratoria on household loans to Portuguese families could lead to credit default of up to €1.32Bn. This is according to consumer watchdog organisation Deco Protest whose economist [...]

Portugal’s banks and credit institutions lent a massive €1.3Bn for mortgages in March in what was the highest amount of credit lent since January 2008. According to figures from the Bank of [...]