Mortgage Credit Transfer
The key is to transfer the credit.
Did you know you can transfer your mortgage from one bank to another? Discover what Banco Montepio has to offer and benefit from advantageous conditions. And, of course, reduce your monthly house payment.
Transfers are on us.
Fixed payment for 2 years (and we even refund the spread).
2 year fixed rate of 2.35% – Spread from 0.70%(1)
APR from 3.7%(2) to 4.5%(3)
When you transfer your mortgage to Banco Montepio, you can choose a fixed rate for the first 2 years of the contract, and from the third year onwards, it switches to a variable rate. Additionally, we refund the spread amount every month during those first two years. Only advantages and zero surprises in the payment.
And you get back 1% of your credit on a Worten card.
Financing up to 90%
We finance 90% of the appraised value of the house if you transfer your mortgage to Banco Montepio.
Is the loan for a second home? We finance up to 80%.
Fixed, variable, or mixed interest rate?
The fixed rate is valid for up to 30 years and remains constant.
The variable rate follows the Euribor and can be contracted for 3, 6, or 12 months, with the spread added.
The mixed rate combines both: it is fixed for the first two years, and then switches to variable.
Terms tailored to you
- Up to 40 years for clients aged 30 or younger.
- Up to 37 years for clients aged between 30 and 35.
- Up to 35 years for clients older than 35.
Simulate and we respond.
Move out of your parents' house, stop sharing a house with friends, or stop paying rent.
What are you waiting for?
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Representative example of a mixed-rate mortgage
(1) These values assume the optional subscription of four of the following products/services:
Salary Account; Credit Card with minimum use of €500 per semester (maximum APR of 18.6%) (1); PPCH Life Insurance (taken out with Lusitania Vida Seguros) (2); Home Protection Insurance (taken out with Lusitania Seguros) (2); Protection Insurance (taken out with Lusitania Seguros and/or Lusitania Vida Seguros); motor, accident or health insurance (2); membership of Montepio Mutualist Association.
(2) APR of 3.7%, assuming the optional subscription of products/services (1), for a financing example with a Fixed Nominal Annual Rate (NAR) of 3.050% during the 2‑year fixed-rate period (fixed rate of 2.350%, April 2026 value, plus a spread of 0.70%).
For the remaining period, the Variable NAR is 3.022%, resulting from the addition of the 0.70% spread to the 6‑month Euribor index for April 2026 (2.322% – simple arithmetic average of the daily 6‑month Euribor quotations of the previous month, based on a 360‑day year, rounded to three decimal places).
– 24 monthly instalments of €424.31 and 336 monthly instalments of €424.31.
The Total Amount Payable by the Consumer is €164,338.77.
Financing example of €100,000.00, over 30 years, for two borrowers aged 30, with a loan‑to‑value ratio of 80%, intended for the transfer of a mortgage on a permanent owner‑occupied home.
Fees and expenses at inception: €746.33.
Fees during the term: (monthly) €5.41 current account maintenance fee; (annual) €18.20 debit card availability fee.
Insurance premiums: Multi‑risk insurance (annual): €78.60; Life insurance (average monthly amount): €16.61.
(3) APR of 4.5% for a financing example with a Fixed Nominal Annual Rate (NAR) of 3.850% during the 2‑year fixed-rate period (fixed rate of 2.350%, April 2026 value, plus a spread of 1.50%).
For the remaining period, the Variable NAR is 3.822%, resulting from the addition of the 1.50% spread to the 6‑month Euribor index for April 2026 (2.322% – simple arithmetic average of the daily 6‑month Euribor quotations of the previous month, based on a 360‑day year, rounded to three decimal places).
– 24 monthly instalments of €468.81 and 336 monthly instalments of €468.81.
The Total Amount Payable by the Consumer is €180,660.26.
Financing example of €100,000.00, over 30 years, for two borrowers aged 30, with a loan‑to‑value ratio of 80%, intended for the transfer of a mortgage on a permanent owner‑occupied home.
Fees and expenses at inception: €746.33.
Fees during the term: (monthly) €5.41 current account maintenance fee; (annual) €18.20 debit card availability fee.
Insurance premiums: Multi‑risk insurance (annual): €78.60; Life insurance (average monthly amount): €17.45.