Portugal Mortgage Brokers

If you're buying a property in Portugal , you may be fortunate enough to have found a cheap rural property which you can buy cash down, or you may have funds from sale of a property or business, or an inheritance which you can use to purchase a property without requiring finance. When analysing a debtor's capacity to repay, banks also must take into account factors such as a 3% increase in the bank rate and a decrease in monthly income in the case of customers who, at the end of the contract, will be older than 70. We negotiate the terms and conditions with various banks to bring you exclusive mortgage conditions only available to Mortgage Direct.

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 rates on offer, often under 1%, as well as clients from the UK looking to hedge their bets on the exchange rate fluctuations.

The early redemption penalty for a variable rate acquisition mortgage is 0.50% as per the regulation of the Bank of Portugal. If it is a straight forward residential property purchase algarve Property covid then most banks will make an offer, this is however often only 50% of the property purchase price or less, we offer up to 80% for non residents applying for loans in Portugal.

Primary residence mortgages are for those who will live in their property in Portugal as their main residence and pay their income tax here. If you're looking to buy property in Portugal, find out how much you can borrow, mortgage options for expats, mortgage calculators and costs of getting a mortgage in Portugal.

When taken up by beneficiaries that are natural persons, it includes mortgage credit, residential property leasing and consumer credit, under the applicable legal regime, for education purposes, including education and professional training. In the last year, UCI has kept positioning in Spain as one of the best specialists offering fixed rate mortgages.

With UCI new mortgage solutions for non-residents, buying or changing house in Portugal is now very simple. Virtually all mortgages are principal plus interest loans, though banks offer both fixed- and variable-rate mortgages. Also, in order to pay the taxes due upon signing the transfer deed, you will need to have a fiscal number in Portugal and may want to open a Portuguese bank account Your fiscal number can be obtained at a local tax office.

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.

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.

Once the property and mortgage deeds are signed in front of the Portuguese Notary and all the associated fees and taxes have been paid you become the official new owner of the property. If you wish to receive any specific information about mortgages in Portugal or would like to receive a proposal, please do not hesitate to contact us and we'll be glad to try and help.

7. Survey- A structural survey is not a legal requirement under Portuguese law and banks don't usually ask for it either on most properties, but you know the saying "If in doubt, check it out" particularly if you're looking at older properties. It's important to understand the tax implications of buying a UK property.