Under-35s mortgage guarantee should also cover building your own home, ruling parties propose. It now covers only purchases
The governing PSD and CDS-PP have proposed extending the state mortgage guarantee for young people to those who build their own home. At present the guarantee applies only to loans to buy a first home, not to build one. The leaders of the PSD and CDS-PP parliamentary groups announced the amendment to the 2027 budget on 6 November (ECO, DN).
“Building your own home was excluded from the state guarantee. With this amendment it will be included,” said PSD MP Hugo Carneiro. According to the parties, the conditions will be the same as for the current guarantee.
The guarantee is currently available to people aged 18 to 35 who take out a mortgage to buy their first home to live in; the flat or house must cost no more than €450,000. The state guarantees part of the loan, so the bank can lend up to 100% of the price and the buyer does not have to put down a deposit of their own.
For now this is only a proposal: parliament is still debating the 2027 budget article by article. The guarantee itself currently applies to contracts signed by 31 December 2026, and the draft budget proposes extending it into 2027.
