The Lisboeta

Mortgage renegotiations fall in November to €414 million

Tuesday, 6 January 2026RSS
Mortgage renegotiations fall in November to €414 million

Mortgage renegotiations fell in November to €414 million, marking the first month-on-month decline since June, according to data published today by the Bank of Portugal (BdP).

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Context & Explainers

The State guarantee for young people’s mortgages is a targeted government scheme—a €1.2 billion guarantee line launched about a year ago—designed to help younger buyers obtain mortgage credit by lowering bank risk. By the end of November banks had drawn €626 million, so young residents and first‑time buyers may find it easier to secure loans, though banks still set final eligibility and terms.