BUY A HOME AND CARRY OUT RENOVATIONS
It doesn't have to be a headache.
Buy a home and carry out renovations
Buy your dream home and transform it into the perfect place to live. Explore the features of this Mortgage solution and start your online Mortgage application today, quickly and conveniently. Track the entire process without leaving home.
Variable Rate indexed to 12-month Euribor plus a spread from 0.8% (*). APR (TAEG) 4.9% | APR (TAEG) 4.2% with optional linked products (*).
Fixed or Mixed Rate for up to 30 years plus spread. APR (TAEG) 4.9% | APR (TAEG) 4.2% with optional linked products (*).
(*) Subject to subscription of the following products: Salary domiciliation; Mudum Home Insurance; Life Insurance linked to the Mortgage through GamaLife; and a Packaged Account. Ownership of these products is verified monthly. Failure to maintain the required products will result in the loss of spread reduction benefits after the third instalment.
Buy a home
For owner-occupied permanent residence: up to 90% of the property's valuation or 90% of the purchase deed value (whichever is lower);
For other purposes, such as a holiday home or rental property: up to 80% of the property's valuation or 80% of the purchase deed value (whichever is lower).
The property valuation or estimated renovation and construction costs are always calculated by valuers appointed by novobanco and certified by the Portuguese Securities Market Commission (CMVM)
Spread from 0.9% (*);
Variable Rate indexed to 12-month Euribor plus spread;
Fixed Rate available for the full term of the agreement, for 2, 5, 10, 15, 20, 25 or 30 years, plus spread;
Mixed Rate where, during an initial period of 2, 5, 10, 15, 20, 25 or 30 years, a fixed rate plus spread applies. For the remainder of the term, a Variable Rate indexed to 12-month Euribor plus spread applies.
Borrowers aged up to 30 years: maximum term 40 years;
Borrowers aged 31 to 35 years: maximum term 37 years;
Borrowers over 35 years: maximum term 35 years.
The oldest borrower must not be over 75 years at the end of the loan term.
Loans are secured by a mortgage over the property and, in the case of construction projects, the land. The mortgage over the financed property may be replaced, in whole or in part, by a mortgage over another property;
Guarantors may also be used to support repayment of the loan.
The Mortgage is automatically settled when the final instalment is paid.
For fixed-rate loans, early repayment incurs a charge of 2% of the capital repaid.
For variable-rate loans, early repayment incurs a charge of 0.5% of the capital repaid.
Under Decree-Law 80-A/2022 of 25 November, requests for early repayment of variable-rate Mortgage agreements for the acquisition or construction of owner-occupied permanent housing were exempt from the fee/charge until 31/12/2023.
Under Decree-Law 74-A/2017 of 23 June, requests for early repayment due to death, unemployment or professional relocation are exempt from the fee/charge.
Carry out renovations
For owner-occupied permanent residence: 90% of the expected valuation after completion of the works (for properties over 2 years old) or 90% of the purchase price plus renovation budget (for properties under 2 years old);
For other purposes, such as a holiday home or rental property: 90% of the expected valuation after completion of the works (for properties over 2 years old) or 90% of the purchase price plus renovation budget (for properties under 2 years old).
The property valuation or estimated renovation and construction costs are always calculated by valuers appointed by novobanco and certified by the Portuguese Securities Market Commission (CMVM)
Variable Rate indexed to 12-month Euribor plus spread.
During the renovation phase, you pay interest only on the capital already used.
After construction or renovation is completed, repayments consist of capital and interest.
Borrowers aged up to 30 years: maximum term 40 years;
Borrowers aged 31 to 35 years: maximum term 37 years;
Borrowers over 35 years: maximum term 35 years.
The oldest borrower must not be over 75 years at the end of the loan term.
- You have 18 months to complete the renovation works after signing the agreement.
Loans are secured by a mortgage over the property and, in the case of construction projects, the land. The mortgage over the financed property may be replaced, in whole or in part, by a mortgage over another property.
Guarantors may also be used to support repayment of the loan.
The Mortgage is automatically settled when the final instalment is paid.
For variable-rate loans, early repayment incurs a charge of 0.5% of the capital repaid.
Under Decree-Law 80-A/2022 of 25 November, requests for early repayment of variable-rate Mortgage agreements for the acquisition or construction of owner-occupied permanent housing were exempt from the fee/charge until 31/12/2023.
Under Decree-Law 74-A/2017 of 23 June, requests for early repayment due to death, unemployment or professional relocation are exempt from the fee/charge.
Spread reduction conditions
Reduce your spread by 0.6% with the First Bank Pack.
Salary Domiciliation
Monthly salary or pension transfers identified with payment codes "08" or "11". Other transaction types may also qualify, subject to a minimum amount above €250 and a minimum regular payment period of 4 months.
Packaged Account
A Current Account that combines products and services in a single package, offering favourable terms and attractive account fees.
Reduce your spread by 0.2% with the Protection Pack.
Life Insurance linked to the Mortgage (GamaLife)
Insurance covering the full outstanding balance in the event of death or Permanent and Total Disability for all non-exempt borrowers.
Home Insurance
GNB Seguros Home Insurance, Maxi or Top options, linked to the Mortgage.
You may choose an insurer of your preference, provided the policy offers equivalent cover and minimum requirements. In that case, the 0.2% spread reduction will not apply.
Reduce your spread by 0.2% with the Pack Vinculação.
360º Account
| Other Spread Reduction Conditions | |
|---|---|
| Customers aged up to 35 years | Up to 0.1% |
| Selected novobanco developments | Up to 0.3% |
| Purchase of a property with an A+, A or B energy rating | Up to 0.1% |
Online Mortgage Platform
Apply for Your Mortgage Online
1
Simulate
A wide range of solutions is available and you will find one that suits your needs. Run a simulation, save it and submit it whenever you wish
2
Receive a pre-assessment
Find out immediately whether you can proceed with your loan application and obtain confirmation
3
Submit your application
Submit your online Mortgage application and upload the necessary supporting documents
4
Complete the deed
Track the status of your application online. You only need to visit a Branch to complete the property deed
Online Mortgage Platform
Variable Rate:
Excluding the impact of optional associated sales: APRC of 5.0%; Variable APR of 4.354% (12-month Euribor of 2.954% as of August 2026 and spread of 1.40%); monthly instalment of €747.07; MTIC (total amount payable by the consumer): €283,624.33; average annual life insurance premium of €223.40. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 4.2%; Variable APR of 3.604% (12-month Euribor of 2.954% as of August 2026 and spread of 0.65%); monthly instalment of €682.31; MTIC (total amount payable by the consumer): €261,027.51; average annual life insurance premium of €213.67. Monthly maintenance fee for Conta Pacote - Packaged Account of €8.22 (including Stamp Duty).
For a €150,000 loan over 30 years, with a total of 360 instalments, 60% LTV and a mortgage guarantee.
Initial fees and expenses, including ISUC [Stamp Duty on credit usage]: €2,233.20; regular fees and expenses: comprehensive home insurance, with an annual premium of €122.63.
(*) Presupposing subscription to the following products: Pack 1º Banco - First Bank Pack, including salary domiciliation and Conta Pacote - Packaged Account, and Pack Proteção - Protection Pack, including comprehensive home insurance with Mudum and life insurance linked to Crédito Habitação - Mortgage with GamaLife.
Fluctuations in the interest rate may lead to an increase in the amount payable.
The interest rate applied may become negative depending on changes to the relevant index.
Fluctuations in the interest rate may lead to an increase in the amount payable.
The interest rate applied may become negative depending on changes to the relevant index.
2-year Mixed Rate:
Excluding the impact of optional associated sales: APRC of 5.1%; Fixed APR of 4.514% (2-year fixed rate of 3.114% and spread of 1.40%) followed by Variable APR of 4.354% (12-month Euribor of 2.954% as of August 2026 and spread of 1.40%); 24 monthly instalments of €761.28 and 336 monthly instalments of €747.78; MTIC (total amount payable by the consumer): €288,800.18; average annual life insurance premium of €225.47. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 4.4%; Fixed APR of 3.764% (2-year fixed rate of 3.114% and spread of 0.65%) followed by Variable APR of 3.604% (12-month Euribor of 2.954% as of August 2026 and spread of 0.65%); 24 monthly instalments of €695.87 and 336 monthly instalments of €683.02; MTIC (total amount payable by the consumer): €265,971.67; average annual life insurance premium of €215.75. Monthly maintenance fee for Conta Pacote - Packaged Account of €8.22 (including Stamp Duty).
For a €150,000 loan over 30 years, with a total of 360 instalments, 60% LTV and a mortgage guarantee.
Initial fees and expenses, including ISUC [Stamp Duty on credit usage]: €2,233.20; regular fees and expenses: comprehensive home insurance, with an annual premium of €122.63.
(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.
Fluctuations in the interest rate may lead to an increase in the amount payable.
The interest rate applied may become negative depending on changes to the relevant index.
5-year Mixed Rate:
Excluding the impact of optional associated sales: APRC of 5.2%; Fixed APR of 4.574% (5-year fixed rate of 3.174% and spread of 1.40%) followed by Variable APR of 4.354% (12-month Euribor of 2.954% as of August 2026 and spread of 1.40%); 60 monthly instalments of €766.64 and 300 monthly instalments of €749.58; MTIC (total amount payable by the consumer): €290,753.47; average annual life insurance premium of €226.24. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 4.5%; Fixed APR of 3.824% (5-year fixed rate of 3.174% and spread of 0.65%) followed by Variable APR of 3.604% (12-month Euribor of 2.954% as of August 2026 and spread of 0.65%); 60 monthly instalments of €700.99 and 300 monthly instalments of €684.82; MTIC (total amount payable by the consumer): €267,838.78; average annual life insurance premium of €216.53. Monthly maintenance fee for Conta Pacote - Packaged Account of €8.22 (including Stamp Duty).
For a €150,000 loan over 30 years, with a total of 360 instalments, 60% LTV and a mortgage guarantee.
Initial fees and expenses, including ISUC [Stamp Duty on credit usage]: €2,233.20; regular fees and expenses: comprehensive home insurance, with an annual premium of €122.63.
(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.
Fluctuations in the interest rate may lead to an increase in the amount payable.
The interest rate applied may become negative depending on changes to the relevant index.
Fixed Rate:
Excluding the impact of optional associated sales: APRC of 6.6%; Fixed APR of 5.883% (30-year fixed rate of 4.483% and spread of 1.40%); monthly instalment of €888.07; MTIC (total amount payable by the consumer): €334,971.30; average annual life insurance premium of €242.93. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 5.8%; Fixed APR of 5.133% (30-year fixed rate of 4.483% and spread of 0.65%); monthly instalment of €817.47; MTIC (total amount payable by the consumer): €310,278.98; average annual life insurance premium of €233.42. Monthly maintenance fee for Conta Pacote - Packaged Account of €8.22 (including Stamp Duty).
Initial fees and expenses, including ISUC [Stamp Duty on credit usage]: €2,233.20; regular fees and expenses: comprehensive home insurance, with an annual premium of €122.63.
(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.
PUB | NOVO BANCO S.A. | Registo nº 7 no Banco de Portugal.
Documentation
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Other Mortgage Purposes
Keeping what we value safe is a right.
Buy a garage or storage space
Keeping what we value safe is a right.
Take out a new mortgage on your property and obtain funding for whatever you need.
Borrow against your home
Take out a new mortgage on your property and obtain funding for whatever you need.
Reserve a sua casa com o conforto de uma pre-analise.
Pre-analise imediata
Reserve a sua casa com o conforto de uma pre-analise.
92,3% dos clientes recomendam este crédito habitação.
Recomendações
92,3% dos clientes recomendam este crédito habitação.
You measure the land. We do the calculations.
Buy Land
You measure the land. We do the calculations.
Reserve a sua casa com o conforto de uma pre-analise.
Pre-analise imediata
Reserve a sua casa com o conforto de uma pre-analise.
92,3% dos clientes recomendam este crédito habitação.
Recomendações
92,3% dos clientes recomendam este crédito habitação.