Financing

Portuguese banks are known for their positive attitude towards providing mortgages to foreign residents and non-residents who wish to purchase property in Portugal.

This open approach is a response to the growing interest of international buyers in the Portuguese property market, thanks in part to the attractive lifestyle, affordable cost of living and favorable economic conditions.

Benefits of financing in Portugal

  • Flexible financing options
    Foreign residents can obtain mortgages with a Loan-to-Value (LTV) ratio of 60% to 80%, depending on their financial profile. This means that buyers will need to put down 20% to 30% of the purchase price as a down payment, which is easily achievable for many people.
  • Attractive interest rates
    Mortgage rates in Portugal are similar to those in the UK, usually based on the Euribor plus a margin for the bank. Both variable and fixed rate options are available, allowing buyers to choose what best suits their situation.
  • Benefits for foreign buyers
    No restrictions on letting: Properties purchased with a Portuguese mortgage can be let without restrictions, which is attractive to investors looking to generate rental income.
  • Transparent procedures
    Although banks have strict affordability checks (for example, mortgage payments must not exceed 30-35% of net income), processes are well structured and documents are often translated into English or other languages.

I work with a network of financial advisors who can provide quotes from various banks and who also have extensive experience in serving foreign investors. They also offer multilingual support, which simplifies the application process.

The positive attitude of Portuguese banks, combined with their professional support, makes it relatively easy for foreign residents to obtain a mortgage. This makes Portugal an attractive destination for those dreaming of a home in the sun or an interesting investment.

 

 

 

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