When buying property in Portugal and would like to finance your new Portuguese property we are able to offer you a tailor made mortgage. Below you will find a summary of details related to Portuguese mortgages.

 Our Service

• The service is offered through our partner Baydonhill International Mortgages; an independent broker with a team of consultants on-hand to provide you with a consultative, personal approach when sourcing a mortgage solution best suited to your individual requirements.
• Due to access to a variety of competitive and exclusive products reduced rates and margins are offered which are not available when approaching lenders directly.
• We work with a panel of lenders in Portugal that provide us with dedicated underwriters who deliver a fast track service.
• Our consultants have an in-depth knowledge of their specialist areas and expertise to guide you through every step of the financing process, making it as dimple and stress-free as possible.

Our Products

• We offer Portuguese mortgages for habitable residential property.
• Financing can be arranged for acquisition, construction, re-mortgage and capital raising.
• We can offer interest-only up to a max term of 10 yrs and repayment mortgages on a variable and fixed rate.
• A minimum of 8 weeks should be allowed from application to a lender to completion.

Eligibility & Criteria

• All Portuguese mortgages are full status and proof of income will be required.
• Terms can be from 10 to 30 years.
• Portuguese lenders assess eligibility on the applicant’s capacity to repay the loan. Approximately one third of monthly income can be taken up with existing mortgage, loan repayments and the proposed Euro mortgage.
• In some cases potential income from the property in Portugal can be taken into consideration.
• Portuguese lenders will consider applications in the name of a Company.

Acquisition Mortgages

• Max LTV is 80% of the purchase price.
• Variable mortgages are fixed for an initial period and then recalculated using the EURIBOR (European Interbank Offered Rate) plus a margin.
• Mortgage Products include:

Repayment:

• Variable rates from 4.30% with margins from 0.60%.

Interest Only:

• Variable rates from 4.45% with margins from 0.75%.

Renovation/Construction Mortgages

• Max LTV is 80% of the final value of the property.
• Stage payments are available.
• The lender will request surveyor’s reports at each stage

Capital Raising

• This product allows Portuguese property owners to raise funds on property that they have already purchased.
• Max LTV is 75% of the bank’s valuation.
• This scheme is available to both employed and self-employed clients, regardless of the purpose of the loan.