Here you will find advice on the costs of borrowing in Portugal along with guidelies as to what you can raise a mortgage for.
| We work for you to ensure that you get the best possible advice for your individual circumstances. We receive introducer fees from the banks in Portugal but also have to make a small arrangement fee, 300, to cover our initial expenses in carrying out the research on your behalf. |
Non-residents can borrow up to 80% of valuation with 25 year term, 30 years in some cases, or up to age 75 whichever is the shortest.
Residents can get up to 100% and up to a 40 year term again up to age 80
Interest only, fixed rate and repayment mortgages available |
| Loans are available for purchase of key ready properties, off-plan purchases, renovation projects and building plots and construction. |
Portuguese Tax Number (Nϊmero Fiscal de Contribuinte);
Copy of ID card(s) or passport(s).
Last six months personal bank statements current & savings;
Legal Document with name of the Father and Mother (ex: Birth Certificate)
Credit Report;
Last year tax returns (P60 in the UK);
Last three months pay slips;
Reference from employer referring that you have a permanent job (simple letter stating that has been working with the company for a certain time, plus the normal considerations in this regard);
If employed by a limited company with a shareholding of 20% or more
Last year tax returns;
Last three months business bank statements;
If self-employed
Last year tax return / tax computation;
Last six months business bank statements;
Other Income (if applicable)
Confirmation of Pension received for the last three months;
Confirmation of Rent received copy tenancy agreement plus:
Copy of bank statements showing rent payments;
Liabilities (if applicable)
Latest mortgage statement;
Details of personal loans (principal due, monthly instalments);
Copy of tenancy agreement;
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Financial Info