Portuguese Mortgages for Property in Portugal
The Portuguese way of life is enchanting more and more people, and enticing
many people to purchase a holiday home or second property in Portugal with an
overseas mortgage.
Buying a Portuguese property is obviously a major decision, not to mention an
expensive one. Our aim is to make sure that it doesn’t become a costly one as
well by helping you through the process of obtaining finance for your property
in Portugal.
We have excellent working relationships with a panel of lenders in Portugal who
are willing to lend to foreign nationals. Our unique relationship with them also
ensures that we have access to the best Portuguese mortgage products on the
market.
This means that you are able to take advantage by choosing not only the
Portuguese mortgage product that is best for you, but getting it at the best
rate.
We have access to many types of Portuguese mortgages through our panel of
lenders, including:
- Renovation mortgages,
- Interest only mortgages,
- Build mortgages (including stage payment finance)
- Mortgages specifically designed for investors and many, many more.
Currently you can obtain the following for your Portuguese mortgage (secured
on your Portuguese property):
- The maximum loan to value (LTV) you can obtain on your Portuguese
mortgage is 75%. On certain developments it is also possible to obtain 85%
LTV.
- The maximum term of the Portuguese mortgage is 30 years
- There is no maximum loan amount
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