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Crédito Habitação Sénior - Over‑50s Mortgage

Buying a home

has no age limit.

  • New spread conditions 
  • More competitive mortgage spreads  
  • Special conditions for mortgage switching  
  • Fixed interest rate option

Over‑50s Mortgage

Buying a home has no age limit.

Today, there’s no reason to postpone your plans. That’s why novobanco offers a mortgage solution designed for customers over 50, with conditions adapted to this stage of life.

Speak to us to discover the benefits available and learn how to reduce your monthly payments, with options such as fixed, mixed or variable interest rates and flexible loan terms.

Variable rate indexed to 12‑month Euribor plus a spread from 0.8% (*). APR 5.2% | APR 4.5% with optional associated 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.

Being over 50 only brings advantages

  • Lower monthly payments

    Option to extend the loan term until the oldest borrower reaches 80 years of age, helping to reduce the monthly instalment

  • Life insurance benefits

    50% proportional cover for both borrowers and no mandatory life insurance from age 65, helping to lower the insurance premium

General features

  • Main residence 
    Up to 90% of the property valuation or 75% of the deed value. The lower value applies.
  • Other purposes  
    Holiday home or buy‑to‑let. Up to 75% of the property valuation or 75% of the deed value. The lower value applies.

Property valuations and estimated renovation or construction costs are always carried out by valuers appointed by novobanco, certified by the CMVM.

  • Variable interest rate  
    Indexed to 12‑month Euribor, plus a spread from 0.9% (*).
  • Fixed interest rate  
    Applies for the entire loan term, for 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread. Repayments are constant capital and interest.
  • Mixed interest rate  
    Initial fixed‑rate period of 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread. 
    After that, the rate becomes variable, indexed to 12‑month Euribor, plus spread.

  • Option to extend the loan term until the oldest borrower reaches 80 years of age for customers aged 50 or over. 

Subject to income assessment. Speak to us to check eligibility.

  • Loans are secured by a mortgage over the property, and by the land in the case of construction. 
  • The mortgage on the financed property may be partially or fully replaced by a mortgage over another property. 
  • Guarantors may also be used to secure repayment of the mortgage.

  • The mortgage is automatically settled with payment of the final instalment.
  • Early repayment 
    For variable‑rate loans, an early repayment fee of 0.5% applies to the repaid capital.
  • Legal exemptions 
    – Under Decree‑Law 80‑A/2022 (25 November), early repayment of variable‑rate mortgages for the purchase or construction of a main residence is 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.

  • Life Insurance taken out for both borrowers with 50% cover each. 
  • No mandatory life insurance from age 65 onwards, helping reduce overall insurance costs.

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 crediting period of 4 months

Packaged current account 
A current account with bundled products and services. When taken out together, they benefit from improved conditions and a favourable account maintenance fee.

Reduce your spread by 0.2% with the Protection Pack.

Mortgage Life Insurance  
Life insurance (GamaLife) linked to the mortgage, ensuring full repayment of the outstanding balance in the event of death or total and permanent disability, for all non‑exempt borrowers.

Home Multi‑risk Insurance 
Home insurance from GNB Seguros, Maxi or Top plans, associated with the Mortgage.

You may choose an insurer of your preference, provided the policy includes equivalent cover and minimum required terms. 
In this case, the 0.2% spread reduction does not apply.

 

Other spread reductions 
Customers up to 35 yearsUp to 0.1% reduction
Selected novobanco developmentsUp to 0.3% reduction
Energy‑efficient homes (A+, A ou B)Up to 0.1% reduction

Documents

General Pre‑contractual Information General Pre‑contractual Information
Variable Rate:

Excluding the impact of optional associated sales: APRC of 5.2%; Variable APR of 4.097% (12-month Euribor of 2.855% as of July 2026 and spread of 1.45%); monthly instalment of €724.54; MTIC (total amount payable by the consumer): €285,582.66; average annual life insurance premium during the mandatory period of €1,126.04 (**). Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.5%; Variable APR of 3.347% (12-month Euribor of 2.855% as of July 2026 and spread of 0.70%); monthly instalment of €660.82; MTIC (total amount payable by the consumer): €263,274.92; average annual life insurance premium during the mandatory period of €1,100.62 (**). Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan 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; fees and regular expenses: comprehensive home insurance (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.

2-year Mixed Rate:

Excluding the impact of optional associated sales: APRC of 5.6%; Fixed APR of 4.432% (2-year fixed rate of 2.982% and spread of 1.45%) followed by Variable APR of 4.305% (12-month Euribor of 2.855% as of July 2026 and spread of 1.45%); 24 monthly instalments of €753.98 and 336 monthly instalments of €743.31; MTIC (total amount payable by the consumer): €296,345.90; average annual life insurance premium during the mandatory period of €1,136.96 (**). Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.8%; Fixed APR of 3.682% (2-year fixed rate of 2.982% and spread of 0.70%) followed by Variable APR of 3.555% (12-month Euribor of 2.855% as of July 2026 and spread of 0.70%); 24 monthly instalments of €688.90 and 336 monthly instalments of €678.75; MTIC (total amount payable by the consumer): €273,555.23; average annual life insurance premium during the mandatory period of €1,112.13 (**). Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan 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; fees and regular expenses: comprehensive home insurance (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 5.6%; Fixed APR of 4.476% (5-year fixed rate of 3.026% and spread of 1.45%) followed by Variable APR of 4.305% (12-month Euribor of 2.855% as of July 2026 and spread of 1.45%); 60 monthly instalments of €757.89 and 300 monthly instalments of €744.70; MTIC (total amount payable by the consumer): €297,775.08; average annual life insurance premium during the mandatory period of €1,138.37 (**). Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.8%; Fixed APR of 3.726% (5-year fixed rate of 3.026% and spread of 0.70%) followed by Variable APR of 3.555% (12-month Euribor of 2.855% as of July 2026 and spread of 0.70%); 60 monthly instalments of €692.63 and 300 monthly instalments of €680.14; MTIC (total amount payable by the consumer): €274,921.85; average annual life insurance premium during the mandatory period of €1,113.63 (**). Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan 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; fees and regular expenses: comprehensive home insurance (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.

PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal