CaixaBank Portugal targets young borrowers with escalating-rate mortgage

CaixaBank's Portuguese arm is launching a mortgage product with a fee that increases 1% annually, aimed at clients up to 35 years old, in a highly competitive lending market. The move signals aggressive growth ambitions in Portugal's mortgage sector, potentially intensifying price competition among lenders. The product's structure may appeal to younger borrowers but carries long-term affordability risks if rates rise.