Green Mortgages (2 of 2)

Product Offering Detail:

Product Mortgage House Loan (DL n.º 74-A/2017, june 23and DL n.º 349/98, november 11)

Amount Minimum: €5.000

Maximum: Permanent Home - Minor value between 90% of the total investment (as BdP regulation) and the percentage of the Bank Valuation stablished for the Normal Mortgage Loan (can go from 70% to 90% in the Portuguese Banks as we searched) + 5% more, used to enhance sustainable performance (renewable energies, energy/water efficiency, use of waste or others*

Interest Variable rate / Fixed rate / Mixed rate

Spread - 0,25% (25bp reduction) when presented the payment receipts for works done

Maturity Minimum: 1year

Maximum: 40years and age limite at term loan of 75years

Terms of use

Period of time in which retained capital is used for construction or improvement works

Maximum period: 24months for the adicional 5% loan: Capital is released as budgets are presented

Amortization plan Monthly payments, capital and interest.

Guarantees Specific Mortgage of the financed property

Other Services List of Partners with skills to develop de sustainable upgrade. Free advice and quotes. Technical follow up helping to choose more efficient materials and equipment and to reduce energy consumption

* Types of Eligible Projects: Replacement of Windows (class A+); Application or replacement of thermal insulation on roofs, walls, or floors, as well as replacement of entrance doors; Heating and/or cooling systems for the environment and/or water using renewable energies; Installation of Photovoltaic Panels; Interventions at water efficiency and incorporation of bioclimatic architecture solutions (e g shading, greenhouses and roofs or green walls)

Benefits:

• Savings: energy efficiency in buildings can reduce energy costs by up to 30%, improving the financial performance of the borrower and so reducing the credit risk (US Environmental Protection Agency)

• Value: properties with sustainable characteristics tend to be more valued, resulting in financial gains for the customer in the future. As for the Bank the Loan to Value ratio becomes more favorable. Homeowners who made energy efficiency improvements saw an average value increase of 14% (University of Cambridge). The Banks Green Asset Ratio can be improved

• Living Standards:

• There are at least 660k people in severe energy poverty in Portugal (Ministry of the Environment & Climate Action)

• By 2030, the aim is to reduce from 17% to 10% the percentage of Portuguese without money to heat their homes in winter (National Strategy to Combat Energy Poverty)

• The percentage of the population living in houses with problems of infiltration, humidity, rotten floors, walls, windows or roofs is expected to drop from 24% to 20% in 2030, 10% in 2040 and 5% by 2050 (Eurostat)