Fractional Ownership

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. Interest rates are usually variable, based on Euribor plus a percentage (12-month Euribor is currently -0.16%), but up to 20 year fixed rates are available. Their team of specialists is based in the Algarve and has a combined experience of over 30 years in the financing and mortgage markets in Switzerland, UK and Portugal.

The Bank will satisfy itself that an applicant is in a financial position to be able to meet the conditions of the loan which will be based on affordability". Currently the Banks affordability criteria is calculated on 30% of the client's income (total earnings after tax must service the new borrowing and any existing borrowing elsewhere).

Through our agreements with major national and international banks we are able to secure loans and mortgages for private individuals and businesses below are some of the current mortgages on offer. Portugal has a sophisticated banking system with plenty of choice in local and international banks.

You should always go through the same process that you would follow if you were buying a property in the UK. Take independent advice from an English-speaking lawyer who is not connected to your seller, estate agent or property developer. In fact, since we can get a loan for 100% of the purchase price, let's get a bigger house than we actually need and count on a huge appreciation.

Mortgage rates in Portugal have been dropping consistently since the first quarter of 2014, when they averaged 3.37%. The BPI Mortgage Loan Solutions offer several variable and fixed rate options. You should also know that the maximum loan-to-value mortgage in Portugal for non-residents is between 60% to 70% of the purchase price.

Unless significantly and recklessly over valued (always likely in Portugal!) we can be reassured that at least the Portuguese Bank lending its savers money has anchored it on something. No financial information is stored after the client accepts the Bank offer.

It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €520.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), instalment processing fee €1.77 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

Mortgage lenders in Portugal have generally been averse to following the negative Euribor rate, with interest rates for prime borrowers hovering between 3.25 percent and 5.25 percent, depending on the specifics of the loan, although lower mortgage rates may be offered in certain situations.

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 Algarve Property Facebook 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.