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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. Portugal will see the biggest increase (40%), but the stock of mortgage credit will fall until 2019 (at least) with repayments occurring until then more than compensating for the number of new loans. There are a number of necessary documents required for applying for a loan in Portugal, including bank statements, ID, a Portuguese tax number and property details among others.

A mortgage loan is secured (or backed) by the collateral of specified real estate property. If you are buying a property for commercial use, such as a restaurant or a shop for example, the maximum mortgage is 50% of the price (or valuation if lower). This document shows who owns the property, who has rights to the property and if there are any charges, mortgages or incumbrances registered against the property.

For the last few years there's been a noticeable increase in the level of client's looking at local financing, mostly due to the excellent Cheap Algarve Property rates on offer, often under 1%, as well as clients from the UK looking to hedge their bets on the exchange rate fluctuations.

Loan to buy land : this is a special kind of mortgage loan that can be used to buy a land in order to build a house afterwards (you can access it in our Comprar Terreno page - in Portuguese). 1. Virtually unlimited credit card limits, home equity loans, and refinance offers allowed consumers to spend without consequence.

As a result, property prices are still low compared to other areas of Portugal. All signs point to the current scenario continuing as is. In the latest survey of banks acting on the credit market, financial institutions predicted a slight increase in household demand for credit in the current quarter.

Those who owed banks money on the repayment of credit and had suffered a 20% loss in their income were given legal notice by banks to postpone their rental payments and the loans that they owed to the banks. Many people purchasing property in Portugal will look to finance their purchases partly with a Portuguese mortgage.

Resale properties have traditionally incurred a transfer tax based on the property value and purpose of the property, with rates potentially reaching 8% of the property's value in certain cases. In the current market environment it has become more difficult to release funds from your existing property and rates are higher than for a standard acquisition mortgage.

Caixa Imobiliário is a company from CGD Group operating in real estate's marketing, has a wide portfolio of properties whether for sale or lease, with competitive prices and financial conditions. The proportion of housing loans overdue for more than 30 days, as defined by the rules of the Bank of Portugal, decreased to 5.0%-5.5% in 2017, compared with the average of 6.5% in 2014- 2016.

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.