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Renegotiate Your Mortgage

We're here when the unexpected happens.

Renegotiate Your Mortgage

During the term of your loan, you can ask to review the conditions of your mortgage, in other words, renegotiate them to make them more advantageous if you are experiencing difficulties meeting your monthly repayments. Please get in touch with your Branch, as we have solutions that may help. 

  • Term

    Option to extend the original loan term up to 50 years, provided the oldest borrower will not be over the age of 80 at the end of the mortgage term

  • Residual Value

    Option to retain a residual balance of up to 30% of the outstanding capital, payable at the end of the loan term. For example, if €100,000 remains outstanding, you may agree to pay €30,000 in the final instalment. This allows for lower monthly repayments

  • Capital Repayment Holiday

    Capital repayment holiday of up to 2 years. During this period, you will only pay the interest due on the monthly instalment

  • Spread

    No changes will be made to your agreed spread. Your existing spread will remain unchanged

  • Fees

    No fees will be charged for these changes/amendments to the agreement

Get in Touch

We’ll help in whichever way is most convenient for you

By Telephone

Prefer us to call you?

In Person

Visit one of our Branches

(*)Page availabe only in portuguese

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