{"id":4123,"date":"2022-04-07T08:22:30","date_gmt":"2022-04-07T08:22:30","guid":{"rendered":"https:\/\/reisreis.pt\/?p=4123"},"modified":"2023-01-20T12:32:37","modified_gmt":"2023-01-20T12:32:37","slug":"changes-in-mortgage-loans-in-2022","status":"publish","type":"post","link":"https:\/\/reisreis.pt\/en\/changes-in-mortgage-loans-in-2022\/","title":{"rendered":"Changes in mortgage loans in 2022"},"content":{"rendered":"\r\n<p>Find out what has changed from 1 April 2022 and how it will impact the mortgage credits<\/p>\r\n\r\n\r\n\r\n<p>On 31 January 2022, the Bank of Portugal (BoP) issued a<mark class=\"has-inline-color has-vivid-cyan-blue-color\" style=\"background-color: #ffffff;\"> <\/mark><a href=\"https:\/\/www.bportugal.pt\/comunicado\/comunicado-do-banco-de-portugal-sobre-convergencia-da-maturidade-media-dos-novos-0\" target=\"_blank\" rel=\"noopener\"><mark class=\"has-inline-color has-vivid-cyan-blue-color\" style=\"background-color: #ffffff;\">statement <\/mark><\/a>about the convergence of the average maturity of new mortgage contracts to 30 years. Through these changes it is intended that &#8220;institutions do not take excessive risks when granting credit, in order to strengthen financial resilience to potential adverse shocks, and promote sustainable access to funding by consumers, minimising the risk of braches<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What has changed<\/h2>\r\n\r\n\r\n\r\n<p>With the revision of the 2018 recommendations on the maturity of new loans, new limits have been set depending on the age of borrowers.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">New limits for mortgages<\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Consumers up to 30 years old &#8211; 40 years limit<\/li>\r\n\r\n\r\n\r\n<li>Consumers between 30 and 35 years old &#8211; 37 years limit<\/li>\r\n\r\n\r\n\r\n<li>Consumers above 35 years old &#8211; 35 years limit<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">New implications<\/h2>\r\n\r\n\r\n\r\n<p>As a consequence of this shortening of credit maturity limits, instalments will be higher.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p>Also read:<mark class=\"has-inline-color has-vivid-cyan-blue-color\" style=\"background-color: #ffffff;\"> <\/mark><a href=\"https:\/\/reisreis.pt\/en\/irs-2022-what-you-need-to-know-2\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark class=\"has-inline-color has-vivid-cyan-blue-color\" style=\"background-color: #ffffff;\"> IRS 2022 \u2013 What you <\/mark><\/a><a href=\"https:\/\/reisreis.pt\/en\/irs-2022-what-you-need-to-know-2\/\"><mark class=\"has-inline-color has-vivid-cyan-blue-color\" style=\"background-color: #ffffff;\">need to know<\/mark><\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Find out what has changed from 1 April 2022 and how it will impact the mortgage credits On 31 January 2022, the Bank of Portugal (BoP) issued a statement about the convergence of the average maturity of new mortgage contracts to 30 years. Through these changes it is intended that &#8220;institutions do not take excessive [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sem-categoria"],"_links":{"self":[{"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/posts\/4123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/comments?post=4123"}],"version-history":[{"count":1,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/posts\/4123\/revisions"}],"predecessor-version":[{"id":7775,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/posts\/4123\/revisions\/7775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/media\/7544"}],"wp:attachment":[{"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/media?parent=4123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/categories?post=4123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reisreis.pt\/en\/wp-json\/wp\/v2\/tags?post=4123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}