Portugal Realty
Anglo Portuguese Mortgages website is owned by Corporate and Commercial Finance (Anglo Portuguese) Ltd with over 25 years' experience in the Portuguese non-resident lending industry and seen by many as a pioneer in the market place. Financing example for a 30 year Fixed Rate Mortgage, for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 360 monthly repayments of €405.60. Loan with fixed Nominal Annual Percentage Rate of 2.700%, in force in April 2020.
In view of the changing market place the Managing Director of Corporate and Commercial Finance (Anglo Portuguese) Ltd., works closely with a Portuguese fully authorised Financial Intermediary authorised by The Bank of Portugal who in the past was Managing Director of lending for a well-known Portuguese Bank.
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.
Although things can often change quite dramatically over the period of a mortgage, it is worthwhile noting that Interests rates on the European Continent are typically lower than in the UK. The problem is that the low interest rates are starting to attract a lot of buy-to-let investors, who are finding that the UK market has begun to mature.
Before you begin the process of applying for mortgage in Portugal it's advisable to seek the advice of a mortgage broker who can offer an initial no-obligation assessment of whether it's likely you'll be approved for Portuguese mortgage and under what conditions.
If you require financing for a property purchase in Portugal or if you're interested in comparing your current loan conditions, speak to us as we offer a free and independent finance solution service that is determined to find you the best mortgage conditions on the market.
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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.
Whilst many people will focus just on the pricing for a mortgage facility it is important to remember that there are other factors that need to be looked at. Some banks have a mandatory requirement for life insurance for example which can escalate the costs of a mortgage and require inconvenient medicals so for many non residents they are normally best avoided.
Even if you are able to avoid the watchful eyes of the authorities on the matter of under-declaration at the time of buying the property, Real Estate Financing in Portugal it is very likely that you will be adversely affected by the difference in capital gains when you decide to sell your property.
Loan amount must not exceed 80% of the mortgage valuation or purchase price (whichever is lower). You'll discover the key things to watch out for, what you'll need to have to hand and whether buying a property in Portugal is the right option for you. In the established property markets like France, Spain and to a lesser extent Portugal the lenders have become much more flexible when dealing with UK buyers.
