Why Portugal Is Europe s Easiest Place To Finance Property

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.

Some Portuguese banks will allow interest only periods for 3 to 5 years, some offer capital and interest payments only and a smaller number of banks will offer longer periods of interest only payments. Property prices in Portugal have recovered significantly in the last few of years, and in 2017 they finally outstripped the prices seen before the 2008 housing crash.

If for example the rate for its currency is rising, the Bank may sell its own currency and buy foreign currencies on the market, so keeping its exchange rate down and the prices of its exports low. Although some banks have a maximum 20-year term. Some new developments in Portugal will not require a valuation as the bank may have already done a valuation of the whole site already, so it's worth asking about this when buying a new-build property in Portugal.

We have a 98% approval rate and our service comes with a money-back guarantee if the terms offered cannot be achieved. As a Portuguese Resident, you may borrow up to 90% (75% as a non-resident) of the lower of the property price and the property valuation. Fixed rate mortgages are available from some lenders and the fixed rate period can range from 1-30 years.

Bulgaria can in many ways be compared to Mediterranean destinations such as Spain, Greece and Portugal, yet it is still in the early phases of development and its property prices are therefore still only about a quarter of what you would expect to pay in a country like Spain.

Enter your email below to receive first-hand our latest properties for sale, exclusive new launches, property news as well as useful information on investing and moving to Portugal. They sometimes try to stimulate the economy by keeping interest rates very low and by buying up bonds in the open market.

Alternatively, fixed rates are available at 4.1% for up to 5 years based on loan to value ratios of up to 70%. Whether you are looking to own a home or a business in the sun, the mortgage requirements in Portugal are similar to the process in France or Spain - and the property prices can be competitive.

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.

In addition, the company is extremely experienced in arranging loans on Touristic property. Mortgages for acquisition purposes are offered by all the major Portuguese lenders to private individuals purchasing Holiday Rentals In The Algarve a property with a habitation license. To make things worse, the US taxpayers' exposure to the market is growing, not reducing; last year they bought or guaranteed three-quarters of all U.S. home loans.