Find out the solution you need
BPI offers you several mortgage options as for variable-rate or fixed-rate mortgages. Therefore, you may choose which type of mortgage suits you best concerning eventual going on life changes or the most convenient way to pay back your mortgage.
Take a look at the following options for variable-rate mortgage:

Mixed-instalments 4,004% APR considering a maximum pay off increase of 0,25% per month);
Fixed-instalments (4,015% APR);
Variable-rate (4,015% APR)
Non-resident Foreigners (3,817% APR) (1)


Interests calculated for a mortgage amount of €200.000 during a 30 year mortgage length, regarding an interest rate of 0,192% in September 2014, revised every 3 months and indexed to the 3 months Euribor rate average of the previous month, rounded off to the thousandth plus a 3,40% spread (it is possible to obtain lower spreads depending of the Clients commercial relationship with BPI). Included are application fees, life insurance for a 18-year old Customer, and a combined home insurance. Early repayments are subject to a 0,5% charge on the amount of principal to be repaid, plus stamp duty.


(1) Interest calculated for a mortgage amount of €200.000 during a 30 year mortgage length, regarding an interest rate of 0,192% in September 2014 revised every 3 months and indexed to the 3 months Euribor rate average of the previous month, rounded off to the thousandth plus a 3,20% spread (it is possible to obtain lower spreads depending of the Clients commercial relationship with BPI). Included are application fees, life insurance for a 18-year old Customer, and a combined home insurance. Early repayments are subject to a 0,5% charge on the amount of principal to be repaid, plus stamp duty.



Mixed-Instalments
BPI provides this type of mortgage(1), allowing you a very low repayment at the beginning that will be increasing during the first 10 year period, after which your instalments stay the same(2) until the end of mortgage term. This increase is calculated considering the mortgage term as well as the applied initial interest rate and will not exceed 0,25% per month.
Thus, your monthly payment is adequate to the improvement of your income during the first period and wont significantly increase when changing from growing to fixed instalments.


(1) Available for buying or moving home and for term periods from 10 up to 40 years inclusive.
(2) Considering no changes in interest rates.


Fixed-instalments
This mortgage is available for a 30 year period term and will give you the comfort and security because regardless of how interest rates perform, your instalments stay the same during the deal period.

The interest rate tracks the Euribor, but your repayment is maintained fixed (3), and the period term is automatically adjusted. So, when rate rises, the term period increases as well as when it falls, so will the term period.

(3) In exceptional cases, if the interest rises lead to a mortgage term when one of the borrowers is 75 years old, the repayment will increase considering this age limit.


Variable rate
This mortgage provides you fixed instalments unless interest rates fall or rise, and there will be no residual value at the end of the mortgage term.

If all the borrowers are to be 75 years old at the end of the term period, you may choose to extend the mortgage up to a 50 year period. Thus, you may take reduced instalments as well as early payments whenever you wish, and so allowing you to pay off the total mortgage amount before the previous fixed term.


It is further possible to associate all benefits of variable-rate mortgage with lack of capital for a 1 to 5 year period, whether considering buying and improving home or transferring mortgage (main residence and/or garage and/or store-room) from another financial institution for variable-rate mortgage with or without indemnity cover insurance, when suitable.

Non-resident Foreigners
Would you dream on buying a holiday home in Portugal, BPI provides you with excellent funding conditions.

Following mortgage conditions, BPI gives you the possibility of financing up to 70% of the appraised value of the home, for a maximum term of 30 years, with a variable-rate mortgage being a 2nd home purchase. (See details in Portuguese) (Details in English).