Residential Mortgage Loan Solutions

Bank Lending Rate in Portugal decreased to 1.63 percent in May from 2.31 percent in April of 2020. The vast majority of mortgages offered in Portugal are on a capital plus interest repayment basis. For some lending institutions, this rate is fixed for the entire life of the loan while for some other financial institution it is usually for a certain period during the life of the loan.

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 Mortgage Portugal 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.

This is very similar to the UK. A network of Agents through the country will give you a selection of properties to choose from and you can make offers as you would in the UK. Don't forget too that we can put you in touch with a selection of bank repossessed properties available at vastly reduced prices too.

If you need to secure a mortgage in order finance a property in Portugal, it would be wise to start arranging your Portuguese mortgage almost before you do anything else. We pride ourselves in offering rare to find adverse credit mortgages in Portugal where debts and poor credit ratings are not always taken into account, these are getting rarer and rarer as time goes on make your enquiry sooner rather than later.

That's part of the reason why we're regularly rated as five stars on Feefo, and why Portugal mortgages are a popular topic with our customers. These types of Portuguese mortgage are not offered by the banks to High St customers and are only available to professional mortgage brokers in Portugal.

Bank Lending Rate in Portugal averaged 5.32 percent from 2003 until 2020, reaching an all time high of 8.08 percent in October of 2008 and a record low of 1.63 percent in May of 2020. Banks vary the maximum allowed age of borrowers, which can limit the term a given institution will allow.