If you would like special financing terms, you can reinforce the security on the mortgage with a second property that you own or that belongs to your parents or a member of your immediate family, for example.

Financing solutions tailored for clients who want a loan of up to 100% of the value of the property but do not have the financial resources for a deposit, they can use a second property to enable the reinforcement of the mortgage security.

This is aimed at permanent, second-homes or buy-to-let property, with a term of up to 40 years (provided the age of the mortgage holders does not exceed 75 years at the end of the loan). Spreads from 1.5%.



 

  • FINANCE TO BUY A PROPERTY

    Up to 100% loan based on the estimate of the property to be purchased, not exceeding the value of the Deed and up to 80% of the estimate for the total value of the property to be given as security.

  • FINANCE FOR CONSTRUCTION OR PURCHASE OF LAND + CONSTRUCTION

    Up to 80% of the estimated value of the estate, not exceeding the value of the Land + Construction Project.

  • FINANCE FOR HOME IMPROVEMENTS OR EXTENSION

    Up to 100% of the plan value, not exceeding 80% of the estimate of the total value of the property to be given as security.

  • FINANCE FOR HOUSE PURCHASE + IMPROVEMENTS

    Up to 100% of the valuation of the estate to be purchased, not exceeding the value of the Deed and up to 80% of the total estimated value of the property to be given as security.

 

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INTEREST RATE Variable rate based on the 12-month Euribor Market Index, plus a spread based on the tariff defined by NOVO BANCO.
The rate is updated annually, according to the index. In this way, the value of the monthly payments can increase or decrease annually.
BONUS LINKED PRODUCTS

Salary Direct Debit, Home Insurance and Life Insurance with the GNB insurer, Bank Card, Average Quarterly Savings Balance from € 2,500, Average Quarterly Balance in Resources from € 30,000.
Young people under the age of 35 receive a direct discount of 0.1% on the spreads grid.

OBLIGATOIRY INSURANCES Life Insurance.

Home Insurance ( see the product ).
TAEG

Sem efeito das vendas associadas: TAEG de 2,6% ; TAN Variável de 1,859% (Euribor 12 m de -0,191% de Abril 2018 e spread de 2,05%); Prestação de €543,91; MTIC: € 214.574,13.
Com efeito da vendas associadas (*) TAEG de 1,8% ; TAN Variável de 1,059% (Euribor 12 m de -0,189% Abril de 2018 e spread de 1,25%); Prestação de €486,54; MTIC: € 194.043,76.

APR of 2.1%, for a loan of € 150,000 over 30 years, for a total of 360 monthly payments of € 504.20. LTV 60%, 12 month Euribor plus spread of 1.50%. NAR 1.311%. These values include bank fees, stamp duty on credit use, mortgage legal fees, insurance premiums (Life and Multi-risk) and assumes subscription to the following products: Salary Direct Debit, Life Insurance and Multirisk GNB Insurer , Bank Card (Annual fee € 19.50), Quarterly Average Balance in Savings greater than € 2.500 and Quarterly Balance Average in Resources greater than € 30.000. Early repayment fee 0.5% of the repaid sum. Total capital plus interest € 198,892.
To qualify for this loan, it is obligatory to subscribe to a NB Current Account, and also Life Insurance for all the mortgage holders and Home Insurance, which can be obtained from a different provider.
Fluctuations in the Interest Rate may result in an increase of the amount payable.