Investment Opportunities In Bulgaria

Obtaining a mortgage in Portugal in Euros will probably give you the best interest rate for your mortgage, however it is often easier to raise the money in the UK (or your home country) and then purchase the Portuguese property outright. With banks in Portugal now adopting greater caution following the recent Portugal property crash, most lenders now only offer home loans on a repayment basis - including both interest and payment towards the capital loan amount - with borrowing rates starting from around 6%. However, there are still some interest-only deals available.

One of whom is Anglo Portuguese Mortgages (APM) who have helped thousands of people buy their dream home with a Portuguese non resident mortgage. Marcelo Rebelo, who is the president of Portugal, Rui Rio leader of the opposition, and other leaders in politics have urged the banks to give support to the people through these hard times of the corona crisis.

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 algarve property Trends 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.

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.

Laid out in its simplest terms, they'll use an outgoings-to-income calculation to figure this out, which means your total monthly income, subtracted the monthly outgoings (including the new mortgage payment). They have access to international lenders who offer funding for home purchase loans and re-mortgage financing.

First-time Buyers accessibility is expected to decline over the next two years, as house prices grow faster than the daily household income available to these borrowers," Fitch predicts. To purchase a property in Portugal you will need a Portuguese fiscal number - obtainable through your Lawyer.

Cold and bleak translates into: GDP steady or falling (recession); high interest rates on public and private debt; inflation rising; shortage of credit for businesses and private mortgages; tax rates going up; rising unemployment; stock market prices falling ('bear' market).

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.

This is only offered for construction mortgages in Portugal and, where offered, it is only for 1 or 2 years at the start of the term. By taking steps to arrange your mortgage at the start you will have a better idea of how much you can spend on your Spanish or Portuguese property and can work out the likely future financial implications of your purchase.

In each country the local lenders are increasingly catering for UK buyers and some UK based banks will also offer mortgages on overseas property. With the property market heading for the house, the households' bank rating for home loans rose in July for the fourth consecutive month to EUR 1,117 per square meter plus EUR 5 compared to the previous month.