Buy a home
New, more competitive mortgage spreads
Fixed interest rate option
Special conditions for mortgage switching
Buy a home
For your new home, whether it’s your main residence or a second home, discover a mortgage with a full set of benefits. Learn how to reduce your spread and complete the entire process online through the novobanco mortgage platform.
NOMINAL ANNUAL RATE
Variable rate indexed to 12‑month Euribor plus a spread from 0.8% (*). APR 4.9% | APR 4.2% with optional associated products (*)
Fixed or mixed rate up to 30 years plus spread. APRC 4.9% | APRC 4.2% with optional bundled products (*)
(*) Subject to taking out the following products: salary domiciliation; home multi‑risk insurance with Mudum; life insurance linked to the mortgage with GamaLife; and a packaged current account. Eligibility for these products is assessed monthly. Failure to maintain the required products will result in the loss of the spread reduction benefits after the third instalment.
General mortgage features
- Main residence
Up to 90% of the property valuation or 90% of the deed value. The lower value applies. - Other purposes
Holiday home or buy‑to‑let. Up to 80% of the property valuation or 80% of the deed value. The lower value applies. - Property valuations and estimated construction or renovation costs are always carried out by bank‑appointed valuers, certified by the CMVM.
- Spread from 0.9%
- Variable interest rate
Indexed to 12‑month Euribor, plus spread. - Fixed interest rate
Applies for the entire loan term, for 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread. - Mixed interest rate
Initial fixed‑rate period of 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread.
Afterwards, the rate switches to 12‑month Euribor, plus spread.
- Age up to 30 years. Maximum term 40 years
Age 31 to 35 years. Maximum term 37 years
Age over 35 years. Maximum term 35 years
The age of the oldest borrower cannot exceed 75 years at the end of the loan.
- Loans are secured by a mortgage over the financed property.
- In the case of construction, the land is also mortgaged.
- The mortgage may be partially or fully replaced by a mortgage over another property.
- Guarantors may be required to support the repayment of the loan.
The mortgage is automatically settled with the payment of the final instalment.
Early repayment
Fixed interest rate. Early repayment fee of 2% on the repaid capital
Variable interest rate. Early repayment fee of 0.5% on the repaid capital
Legal exemptions
Under Decree‑Law 80‑A/2022 (25 November), early repayments of variable‑rate mortgages for the purchase or construction of a main residence are exempt from fees until 31/12/2023
Under Decree‑Law 74‑A/2017 (23 June), early repayment due to death, unemployment or professional relocation is exempt from fees
Mortgage spread reduction conditions
Reduce your spread by 0.5% with the First Bank Pack.
Salary crediting
Monthly salary or pension credits identified with payment types “08” or “11”.
Other credits may be considered, subject to:
• Minimum amount above €250
• Minimum regular credit period of 4 months
Packaged current account
A current account with bundled products and services. When taken together, they benefit from improved conditions and a competitive account fee.
Reduce your spread by 0.2% with the Protection Pack.
Mortgage Life Insurance
Life Insurance (GamaLife) linked to the Mortgage, covering the full outstanding balance in the event of death or total and permanent disability, for all borrowers not exempt.
Home Multi-risk Insurance
Home Multi‑risk Insurance from GNB Seguros, Maxi or Top plans, linked to the Mortgage.
You may choose insurance from another insurer of your preference, provided the policy includes equivalent cover and minimum requirements.
In this case, the 0.2% spread reduction does not apply.
| Other spread reductions | |
|---|---|
| Customers up to 35 | Up to 0.1% reduction |
| Selected developments | Up to 0.3% reduction |
| Energy‑efficient homes (A+, A, B) | Up to 0.1% reduction |
Apply for your mortgage in a simple, fully digital process.
Apply for your mortgage
Get a quote
There are many options available and you will find the one that fits you.
Get a quote, save it and submit whenever you want
*To use the calculator, please select English in the top right corner
Submit your application
Submit your mortgage application online and upload the documents required for the process
Complete the deed
Track the status of your application online. You only need to visit a Branch to complete the deed
Documents
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Variable rate:
Excluding the impact of optional associated sales: APRC of 4.9%; Variable APR of 4.298% (12-month Euribor of 2.798% as of April 2026 and spread of 1.50%); Instalment of €742,13; MTIC (total amount payable by the consumer): € 281.706,37; average annual life insurance premium of €222.67. Demand deposit account quarterly maintenance fee €16.20 (including stamp duty).
Including optional associated sales (*) APRC of 4.2%; Variable APR of 3,598% (12-month Euribor of 2.798% as of April 2026 and spread of 0.80%); Instalment of €681,80; MTIC (total amount payable by the consumer): €260.725,30; average annual life insurance premium of €213.59. Monthly Account Maintenance Fee: €8.22 (including VAT).
For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV with mortgage guarantee.
Initial fees and expenses (including ISUC [stamp duty on credit usage]): €2,233.20; Fees and Regular expenses: Comprehensive insurance (annual premium €122.63).
2-year Mixed Rate:
Excluding the impact of optional associated sales: APRC of 4.9%; Fixed APR of 4.229% (2-year fixed rate of 2.729% and spread of 1.50%) followed by Variable APR of 4.304% (12-month Euribor of 2.804% as of May 2026 and spread of 1.50%); 24 monthly instalments of €736.07 and 336 monthly instalments of €742.32; MTIC (total amount payable by the consumer): €281,624.38; average annual life insurance premium of €222.65. Demand deposit account quarterly maintenance fee €16.20 (including stamp duty).
Excluding the impact of optional associated sales(*): APRC of 4.2%; Fixed APR of 3.529% (2-year fixed rate of 2.729% and spread of 0.80%) followed by Variable APR of 3.604% (12-month Euribor of 2.804% as of May 2026 and spread of 0.80%); 24 monthly instalments of €676.00 and 336 monthly instalments of €681.96; MTIC (total amount payable by the consumer): €260,640.80; average annual life insurance premium of €213.56. Monthly Account Maintenance Fee: €8.22 (including VAT).
For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV with mortgage guarantee.
Initial fees and expenses (including ISUC [stamp duty on credit usage]): €2,233.20; Fees and Regular expenses: Comprehensive insurance (annual premium €122.63).
5-year Mixed Rate:
Excluding the impact of optional associated sales: APRC of 4.9%; Fixed APR of 4.220% (5-year fixed rate of 2.720% and spread of 1.50%) followed by Variable APR of 4.298% (12-month Euribor of 2.798% as of June 2026 and spread of 1.50%); 60 monthly instalments of €735.28 and 300 monthly instalments of €741.23; MTIC (total amount payable by the consumer): €281,016.26; average annual life insurance premium of €222.42. Demand deposit account quarterly maintenance fee €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 4.2%; Fixed APR of 3.520% (5-year fixed rate of 2.720% and spread of 0.80%) followed by Variable APR of 3.598% (12-month Euribor of 2.798% as of June 2026 and spread of 0.80%); 60 monthly instalments of €675.24 and 300 monthly instalments of €680.89; MTIC (total amount payable by the consumer): €260,051.90; average annual life insurance premium of €213.32. Monthly Account Maintenance Fee: €8.22 (including Stamp Duty).
For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV with mortgage guarantee.
Initial fees and expenses (including ISUC [stamp duty on credit usage]): €2,233.20; Fees and Regular expenses: Comprehensive insurance (annual premium €122.63).
Fixed rate:
Excluding the impact of optional associated sales: APRC of 6.3%; Fixed APR of 5.616% (30-year fixed rate of 4.116% and spread of 1.50%); monthly instalment of €862.63; MTIC (total amount payable by the consumer): €325,593.52; average annual life insurance premium of €239.56. Demand deposit account quarterly maintenance fee €16.20 (including Stamp Duty).
Including the impact of optional associated sales (*): APRC of 5.6%; Fixed APR of 4.916% (30-year fixed rate of 4.116% and spread of 0.80%); monthly instalment of €797.55; MTIC (total amount payable by the consumer): €302,906.81; average annual life insurance premium of €230.64. Monthly Account Maintenance Fee: €8.22 (including Stamp Duty).
Initial fees and expenses (including ISUC [stamp duty on credit usage]): €2,233.20; Fees and Regular expenses: Comprehensive insurance (annual premium €122.63).
(*) Presupposing subscription to the following products: Direct debit for bill payments; comprehensive home insurance with Mudum; life insurance linked to the mortgage loan with GamaLife and the Package 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 index.
Subject to commercial approval. This message does not preclude consultation of the legally required pre-contractual and contractual information.
For more information see www.novobanco.pt, contact one of our branches, or the Direct Line.
PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal