There are several lime mortars which have been developed to improve the thermal performance of the facades of existing buildings. They are used as the final coating of a building’s facade thanks to their insulating capacities, weather resistance, vapour permeability, easy application, non-flat substrates adaptability, and/or masonry compatibility. Normally these mortars come into a system to achieve both thermal properties and weathering resistance. The thermally improved mortars, which are lime based, contain an important amount of insulating particles such as cork, diatomaceous earth, expanded clay, expanded perlite or vermiculite, mullite, aerated glass, aerogel, EPS, wood fibres or others. They also may contain pozzolanas and other cementitious particles. They also may contain additives in order to improve its mechanical resistances and/or elasticity. The weathering resistance mortar, the more external one, is suited to complete the mechanical and outdoor resistance properties that the insulated layer lacks. Some of these systems may be obliged to use glass fibre meshes and External Thermal Insulation Composite Systems (ETICS) anchors so they are not as suitable as wanted in historical buildings. In this abstract our main goals are: Acknowledge the reasons to use these mortars, define the multiple layer system that are normally used within these mortars, find which mortars are normally available to be bought in the European Union market, analyse their declared properties and composition, and enlist them according to their potential capacities. Thanks to this paper we will have a better knowledge of the possibilities of lime mortars as insulating material.