Portugal Long Term Interest Rate

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.

Specialist international mortgage broker is reporting the arrival of another new lender on the Portuguese property market, which follows closely on the news that OECD research published in 2013 suggested property in Portugal was undervalued by between 5pc and 10pc, when price ratios for rents and wages were compared with the long-term average.

Most overseas countries look at the Debt to Income ratio i.e. the percentage of your total net monthly income that is used to make debt repayments such as domestic mortgages, personal loans, car payments, credit cards AND the mortgage you are now applying for.

When you combine the three influencing factors of Government interference on basically dictating who is creditworthy or not, depository institutions packaging unregulated risky subprime bonds, and record low interest rates, speculative fervor will occur and bubbles will be created in a capitalist society.

There was virtually no enforced regulation and these guys were advising their applicants to lie about their incomes, net worth, you name it; anything to circumvent the process to get their client in the home, who in many cases should never have received that loan.

Simon Conn is an Introducer Appointed Representative of Cherry Mortgage & Finance Limited which is authorised and regulated by the Financial Conduct Authority under number 730706 in respect of UK mortgage, insurance and consumer credit related activities only.

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.

One important aspect that many people are unaware of is the different ways that a bank will analyse your affordability for a certain loan amount, some banks will stress certain types of income streams more heavily than others whilst some banks may not consider rental income for example.

Due to the company's experience and competitive product range Corporate and Commercial Finance (Anglo Portuguese) Ltd., works closely and is recommended to future non-resident purchasers from numerous Developments, Estate Agents and Lawyers across Portugal and its Islands as a result the Managing Director frequently visits Portugal to hold meetings keeping strong ties with these Developers, Estate Agents, Lawyers and especially the Banks.

According to a report from the Royal Institutional of Chartered Surveyors (RICS) on the outlook for Europe's real estate markets, Portugal is, in fact, one of the economies leading the euro area recovery with sales and prices expected to continue rising at a steady pace over the medium term.

For now, these rules are recommendations - although banks that do not comply have to explain why they have lent over the new limit but in May the governor of the Bank of Portugal, Buy a Property Algarve Carlos Costa, (pictured, hard at work) stated to parliament that if banks do not respect the lending limits, he will turn his recommendations into binding orders.

As a direct result of all of these cumulative issues, even captive lenders are balking on maintaining floor plan credit lines or real estate mortgages. The interest rate margin (spread) will be confirmed on the day the mortgage is approved and will be fixed for the term of the loan.