Gatehouse International Portugal. How To Obtain A Mortgage In Portugal.

Since interest rates are low, financing the purchase of a property through a national bank loan could be an interesting option, especially because since 2010, Portuguese banks have not been lending as much as they are now. According to the BdP's latest figures for loans and bank deposits, Portugal's banks issued 810 million euros worth of residential mortgages to households, down from €919 million in July - which was already a decrease from the month before - but still quite a bit more than the €709 million granted in August 2017.

We work with many Portuguese banks to offer you the best customer service both at home and abroad to keep your financial monitoring as simple as possible. is an information website - all of our content is written by qualified advisors from the front line, for the sole purpose of offering great, relevant, and up to date information on all things mortgages.

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.

Fixed-rate mortgages are available from some lenders and the fixed-rate period can range from one to 30 years. Holiday home mortgages are available for private non-resident property buyers, who are not Portuguese residents. Fixed rate mortgages can be a great way to plan ahead or work to a budget.

For those wishing to build their own homes, banks do offer construction mortgages. Calculate your monthly payments for a particular example loan amount and interest rate using this Portuguese mortgage calculator. The early redemption penalty during the fixed-rate period is 2% as per the regulation of the Bank of Portugal.

Families are taking advantage of the improvement in their financial perspectives, taking into account the recovery of the economy and employment, to return to the credit markets for home loans. Generally speaking, in Portugal you can obtain a maximum loan to value (LTV) of 70 per cent of the purchase price (or valuation if lower).

Portugal: This product is offered to Portuguese residents only. Residents add rental income to other income sources and calculate the income taxes at the standard rates. The mortgage is secured on the property in Portugal. So, if you intend to let the property the interest rates are the same, however, there's a chance that the LTV offered could be lower (60 per cent).

Having as goal the finding of advantageous solutions that make the purchase of a house at a time when access to bank credit is strongly limited, we sign partnerships with the main bank institutions so as to offer excellent business opportunities to all our clients.

Firstly the Euribor (Euro Interbank Offered Rate) is historically lower than the LIBOR (London interbank offered rate) which means Holiday Homes Portugal (www.google.co.uk) the cost of borrowing for a mortgage in Portugal is normally less than the cost applicable to an equivalent UK mortgage.