Are you thinking about transferring your mortgage?

Find out if it's worth transferring your mortgage and what you will save with this change.

Are you considering transferring your mortgage?

Know that it is possible to transfer your mortgage from one financial institution to another. It can be a complex process, but we handle that. Consider transferring your mortgage!
You could achieve significant savings by negotiating your transfer.
Contact us!

Find out if it is worth transferring your mortgage and what you should analyze

Some reasons may lead you to transfer your mortgage to another bank. Before making the decision, you should analyze the advantages and possible disadvantages you may have.

If:

  • Your loan is over two years old and has never been reviewed;
  • You made a request to your bank and the response is taking too long;
  • You received an offer that does not meet your expectations for no apparent reason;
  • Your installment is too high and no solution has been proposed;
  • You need to renegotiate to obtain a global solution for all your loans and reduce costs;
  • You have too many associated products to maintain a lower spread;
  • You want to fix your installment and your current bank did not respond to your request;
  • You want to remove one of the applicants or guarantors from your loan and your bank said it is not possible;
  • You are dissatisfied with the service;
The more situations you find yourself in regarding the previous points, the greater your reasons to change banks.


Contact us and you may benefit from considerable savings over the life of the loan. It may be the right time to take the opportunity to improve the spread, eliminate associated products, or simply fix the installment you so desire.


Before we transfer your mortgage, we will carefully analyze all aspects, namely;

  • Costs associated with the credit transfer (exit costs from your current bank);
  • Costs associated with the approval and contracting of the new credit;
  • Conditions offered by the new credit institution;
  • Obligations you will have to fulfill regarding the new credit;
  • If the solution offered is suitable for you.


Don't wait any longer, contact us!

The home loan intermediation service of Visão Financeira is free

Contact us at the number 96 69 13 252

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    Request a simulation to transfer your mortgage

    ---- About your current mortgage, please indicate ----

    ---- If you have other loans, please indicate ----


    If you wish, you can also complement your request by sending documents to info@visaofinanceira.com
     

    Frequently Asked Questions about Mortgage Credit Transfer

    1How does the mortgage credit transfer work?
    Your transfer request is always accompanied by us at all stages of the process.

    In the first phase, we will research the best offers according to your case and check the possibility of approval for the new loan with the new credit institution.

    Then, it will be necessary to proceed with the evaluation of your house by the new institution.

    After the approval letter is issued, a period of 10 consecutive business days will be given to the previous banking institution for it to issue the termination (cancellation of the mortgage document) and present the amount owed as of the date of the deed.

    The new credit institution pays the debt to the previous credit institution, and you will start paying the new installment and benefiting from the new conditions with the new credit institution.
    2What are the costs of transferring the mortgage?
    You can transfer your mortgage from one financial institution to another in a negotiated manner or under a transfer campaign that covers all or part of the expenses involved in the process.

    Transferring the mortgage involves some costs, which we inform you about before you make your decision.

    In cases where you have to bear these costs, one of the main expenses consists of the early repayment fee, to be paid to the current bank, an amount that varies according to the interest rate:

    - If you have a fixed-rate mortgage, the maximum early repayment fee is 2% of the amount owed;

    - If you have a variable-rate mortgage, the maximum applicable fee will be 0.5% of the capital owed.

    Until 31/12/2024, it is possible to transfer your mortgage without having to pay the penalty for total early repayment as long as you are in a variable installment plan.

    There are other costs to be aware of:

    The previous bank may require payment of expenses in your name, namely, at registries, notary offices, or expenses with the tax administration;

    Your future bank may charge costs for analysis fees, credit opening fees, costs for the new property appraisal, or costs associated with the execution of the new mortgage deed.

    We take care of everything for you!
    3What documents are needed to transfer my credit?
    Documentation of the applicants:

    - Valid identification document;
    - Taxpayer card;

    Base documents:

    - Income tax return from the previous year;
    - Income tax settlement note from the previous year;
    - Copy of payslips from the last 3 months;
    - Declaration from the employer informing of the employment relationship and date of admission to the company;
    - Proof of other income (e.g., green receipts, rents);
    - Copy of the declaration of commencement of activity (for sole proprietors);
    - Credit responsibility report (Bank of Portugal);

    Property documents:

    - Property tax booklet
    - Certificate of the content of the property registration
    - Plan(s)
    - Usage license
    - Technical sheet of the dwelling
    - Energy certificate and indoor air quality certificate

    Processes for transfer and/or consolidation of credit:

    - Deed of sale and the loan with mortgage
    - Bank statements from the last 3 months from the previous banking institution

    Request a free simulation