Housing

AD wants to exempt variable rate mortgage early repayments from fees and proposes pension bonus for 2027

The AD coalition has proposed a set of amendments to the state budget, including the suspension of bank fees for early repayments on variable-rate mortgages. The proposal also includes the potential for a bonus payment to pensioners in 2027, contingent on budget conditions, and the expansion of the public mortgage guarantee to young people building their own homes.

Why it matters

If these proposals are approved, you may be able to pay down variable-rate mortgage debt without bank penalties and access expanded public housing guarantees, though these measures are currently part of budget negotiations and not yet law.

Observador· 4d agoRead original ↗

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Housing

Chega bill approved to eliminate early repayment fees on variable-rate mortgages

The Portuguese Parliament approved a bill that eliminates the fee charged for early repayment of home loans with variable interest rates. The measure was passed with the abstention of several major parties, including the PSD, CDS, Liberal Initiative, PCP, and Livre.

Público· 1mo agoRead original ↗

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Housing

Want to pay off your home loan sooner? Use the free mortgage repayment simulator from Contas-poupança

The Contas-poupança project has released a free online simulator to help homeowners calculate the impact of making extra mortgage payments. Users can test different strategies, such as one-off payments or regular amortizations, to see how they affect the total interest paid and the remaining loan term, while accounting for bank commissions and individual interest rates.

SIC Notícias· 1w agoRead original ↗

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Housing

Portugal early mortgage repayment explained

Borrowers can make partial early repayments of their mortgage, which allows for either lower monthly instalments or a shorter loan term. Reducing monthly payments is an automatic process based on lower capital, while shortening the loan term requires a renegotiation and agreement with the bank. Early repayments must be made on a scheduled monthly instalment date, and the bank must provide a written explanation of the financial impact after the request is made. Notice periods are seven working days for partial repayments and 10 working days for full loan settlement. Banks may charge a maximum commission of 0.5% for variable-rate mortgages and 2% for fixed-rate ones.

The Portugal News· 11h agoRead original ↗

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