UCI Mortgages

Quinta Finance has established itself as the leading mortgage brokerage service in Portugal that offers professional mortgage advice for non-resident property buyers; our aim is to help you throughout every step of the process until completion. Credit operations granted by credit institutions, credit finance companies, investment companies, leasing companies, factoring companies and mutual guarantee companies, as well as by branches of such credit institutions and financial institutions operating in Portugal.

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.

The steeper price of land plots and the superior quality of the properties in Portugal has led to the property costs becoming higher than that in Cheap Algarve Property Spain. In April 2016 Bankinter closed the purchase of Barclays' retail business in Portugal thus forming Bankinter, SA - Sucursal em Portugal.

Buying property in Portugal is a regulated activity. Today's mortgage market is considerably less favourable to new customers than it was before the banking collapse and fall in interest rates. In many cases this can reduce that extra interest margin quite significantly, with some brokers able to find Portugal mortgage deals as low as the Euribor rate plus 1.00%.

Both the volume traded on the SOFIX Stock Exchange and loans and mortgages issued by Bulgarian banks are growing rapidly, while the number of airlines offering easy connections from major European centres has been growing apace with tourist visits. In basic terms, this means that your monthly debt commitments, including the new mortgage, must not exceed a given percentage of your net monthly income.

This is very similar to the UK. A network of Agents through the country will give you a selection of properties to choose from and you can make offers as you would in the UK. Don't forget too that we can put you in touch with a selection of bank repossessed properties available at vastly reduced prices too.

Simon Conn is an Introducer Appointed Representative of Cherry Mortgage & Finance Limited which is authorised and regulated by the Financial Conduct Authority under number 730706 in respect of UK mortgage, insurance and consumer credit related activities only.

Our Portuguese mortgage specialists firmly believe in our motto ‘Financing Projects Enhancing Lives' and we will always endeavour to find the best financial solutions for you whether you are an experienced investor adding to your portfolio or somebody searching for your dream home in Portugal.

As a direct result of all of these cumulative issues, even captive lenders are balking on maintaining floor plan credit lines or real estate mortgages. The interest rate margin (spread) will be confirmed on the day the mortgage is approved and will be fixed for the term of the loan.