Data shows that by the end of 2023, Portuguese people were looking for cheaper houses to buy, relying on larger financing from banks. Learn more about the data at the following link.
According to data released, household costs for 2022 and 2023 were more than half of family budgets. How can we reduce the impact of these costs? Find out in this article.
The terms PARI and PERSI refer to processes that banks initiate in order to prevent customer default on their loans, or to act after default. Understand better what they mean and how they work.
Currently, only two out of 10 Portuguese people save with the purpose of buying a house. From the same study, it is concluded that two-thirds of Portuguese people are saving less than 10% of their salary. These are data revealed by the Boston Consulting Group, which reveal the consequences of the financial difficulties we are going through. Get to know all the data, and exactly how much we should save to buy a house, in this article.
The Banco de Portugal (BdP) credit responsibilities map is a document required when requesting financing from a banking institution, in order to assess whether you are in default on any credit. But what other information does this map include and how to interpret it?
The stress test applied by banks to clients' incomes applying for mortgage credit has been minimized, so that more Portuguese people can have their credit proposals approved. The measure imposed by the Bank of Portugal is now in force. Understand how it will work if you want to apply for a mortgage credit next year.
If you are in the process of applying for a loan, you should inform yourself in advance about the terms used so that you make the best financial decision. Comparing proposals before choosing the right credit conditions is essential. But what is the most realistic way to do it? That's what we will explain in this article.
The boundaries of the Taxable Heritage Value of a property up to which it is exempt from paying IMT will change in 2024, as indicated by the new State Budget proposal for the next year. Therefore, if you are thinking of buying a house in 2024, take this factor into consideration. Find out the new threshold in this article.
The measures announced by the Government to help the Portuguese with their home loans allow to slightly alleviate the amount they pay for the mortgage. But how much? And comparing with a home loan transfer, which option saves more? We explain, through concrete examples, the savings that can be generated by the various options.
As interest rates have risen, so have the costs of building properties, making it difficult for Portuguese people to access housing. The costs of building a house have increased again in August, but there are options to facilitate this process. Learn about housing construction credit in this article.
Looking to hire a home loan? We have good news for you: The Bank of Portugal (BdP) has eased one of the requirements imposed on clients, making it easier to access this type of financing. Understand what changes in the stress test required by banks in this article.
The measures for housing in 2024 have been strengthened and detailed in the new State Budget. We explain in this article what changes for the next year and how to prepare at the level of housing credit.
Has Euribor been your worst nightmare? If you have a housing loan with a variable rate, this rate has been the reason your monthly installment has increased. We will explain why, below.
Not complying with the repayment obligations of a loan such as a housing credit implies having consequences, such as interest and fees. One of them being late interest, which adds to the outstanding amount. Let's see how much this amount can be.
The property valuation is a determining factor regarding the own funds you will need to have available initially when contracting your housing credit. Did you know this? Let's understand why.