Portuguese Mortgages For Expats And Non
Property sales in Mozambique are somewhat of a mixed bag in terms of the amount of properties being purchased and those who can afford them. At Quinta Finance we have over 15 years of experience to draw upon with all the banks that operate in Portugal and by being physically based in Portugal we are in regular contact with the decision makers in Lisbon to make sure that we have the best products available for you.
Allows peace of mind that your loan will be fully repaid at the end of your chosen term, equal repayments throughout life of the loan (subject to Base Rate changes), maximum Term 25 years, loan to be repaid by the age of 75, and ability to make overpayments.
With this type of loan, your monthly payment fluctuates depending on the indexer (the index that is normally used in housing loans is EURIBOR ). Over the repayment period, the monthly payments are usually revised every six months based on Euribor rates.
Credit operations granted by credit institutions, credit finance companies, investment companies, leasing companies, factoring companies and mutual guarantee companies, as well as by branches of such credit institutions and financial institutions operating in Portugal.
Warm and sunny translates into: GDP rising (growth); low interest rates on public and private debt; low inflation; easy access to credit for businesses and private mortgages; tax rates going down; falling unemployment; stock market share prices rising ('bull' market).
Now, however, sellers are having to agree prices which are in line with bank valuations, rather than market demand, meaning that, according to local listing site Meravista, which has 24,000 properties available, Portuguese property is now up to 32% cheaper than the UK.
Our Portuguese mortgage specialists firmly believe in our motto ‘Financing Projects Enhancing Lives' and we will always endeavour to find the best financial solutions for you whether you are an experienced investor adding to your portfolio or somebody searching for your dream home in Portugal.
The biggest banks in the country of Portugal have halted all repayment of loans worth 19 billion euros for six months, this is to help those people that have been greatly affected by the Corona Pandemic in the country and if extended further this will lead to a rise in the number of bad debts said the CEO.
You have a number of options when buying real estate internationally - you can apply for an international mortgage from an offshore bank, you can approach a lender in the country in which you want to buy, you can re-mortgage existing property if you have accrued equity on your home and use the released capital to buy overseas, or you could even approach your local bank and see if they offer mortgages to buy abroad.
You may be interested to know that many of the world's leading banking institutions have offshore and international arms and that because of their global presence the likes of HSBC and HBOS for example all offer international mortgages and specific mortgages and home finance solutions in various countries.
The current levels of residential loans are bolstered by the historically low level of the indexes used in loan contracts - which Portugal Mortgages - www.google.co.uk - remain negative - but also by diminishing spreads charged by banks, which are aggressively increasing liquidity in the economy.
The process is fairly straight forward, all the paper work much be collated and submitted to the bank(s), including the property documentation. Overseas Mortgages are not regulated by the Financial Conduct Authority, nor are they protected by the Financial Ombudsman Service or Financial Services Compensation Scheme.
