Stricter mortgage affordability rules took effect on 1 August
The Bank of Portugal's new guidelines for housing credit came into force on 1 August, tightening how the taxa de esforço — the share of income a loan may consume — is applied when approving a mortgage. The new recommendation replaces the previous one.
Why it matters for your move
If you had a pre-approval based on the old calculation, it is worth re-running the numbers before you sign anything: the amount a bank will lend you may have moved.
This is Re-locant.com’s own brief, written to explain what the update means for people moving to or living in Portugal. For the full original report, see the source below.