The Lakhani Group

Quinta Finance has established itself as the leading mortgage brokerage service in Portugal that offers professional mortgage advice for non-resident property buyers; our aim is to help you throughout every step of the process until completion. Our solution: a mortgage of 375.000 € on the property plus a Lombard loan of 100.000 € on their pension pot. In Portugal the vast majority of mortgages are variable rate, however, fixed rates are becoming more popular. Choose from a range of UK mortgages with the on-going support of our mortgage advisers, who'll support you through the process of buying a property.

We have a 98% approval rate and our service comes with a money-back guarantee if the terms offered cannot be achieved. As a Portuguese Resident, you may borrow up to 90% (75% as a non-resident) of the lower of the property price and the property valuation. Fixed rate mortgages are available from some lenders and the fixed rate period can range from 1-30 years.

The banks typically offer loan terms of up to 50 years for residents and 30 years for non-residents. The fixed-rate mortgage basically allows borrowers to pay a constant rate for a certain period. As with mortgages in the UK, the type of mortgage you are eligible for will depend on your situation and how you intend to use the property.

The banks offer loan terms of up to 50 years for residents and 30 years for non-residents. When you purchase an off-plan property in Portugal, one of the benefits is that only a small proportion of the buying costs are payable at the start. There's no such thing as a buy-to-let mortgage in Portugal, so that rental income won't be taken into account in assessing your loan, only your own income.

We will match your requirements with the leading banks here in Portugal and provide you with the best mortgage rate and terms to suit you, with no charge for our services. The main cost is IMT transfer tax, which could be as high as 10% of the property value if you're non resident and live in a tax haven, or absolutely nothing if you're buying a low cost property as your main family home.

Interest rate - the rate used for home loans in Portugal is Euribor after which the bank applies its margins. Even college graduates just entering the workforce thought nothing of starting out with thousands in credit card debt and an average of $24,000 in student loans.

It is the interest rate that banks in the Euro Zone use to lend to each other, and is derived from the base rate set by the ECB. This started in the US with the selling of 'sub-prime mortgages' to less well-off buyers, who were tempted by rising house prices and attractive interest rates (sub-prime means more risky).

However, buying a property in Portugal with a mortgage instead of using your savings could be much more financially beneficial if you get a good deal and a good Portuguese mortgage broker can make it as simple and stress free as possible. Some banks require life insurance cover for either the main applicant or both mortgage applicants.

Rates now start at 3.3 per cent for a variable rate of up to 30 per cent loan to value, 3.4 per cent for a variable rate of up to 60 per cent loan Portugal Mortgages to value, and 4.1 per cent for a five-year fixed rate of up to 80 per cent loan to value. The mortgage loans terms vary from 1 to 50 years.

Remortgaging the UK properties is an attractive option available to consumers in need of finances for making a purchase at Portugal. Fixed rates are usually higher than variable rates. The minimum qualifying age for Home Reversions are therefore higher than for Lifetime Mortgages.

If you're thinking of buying a property in Portugal, the price you pay will be influenced significantly by where you want to live. Our solution: a 20-year mortgage with a 15 year fixed rate period. Buying property in Portugal with a Portuguese mortgage from a Portuguese mortgage lender has a number of fantastic benefits.