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Mortgages In Portugal

Below is a general account of the facts about financing a Portuguese property purchase.


As part of a modern finance system running in accordance with EU regulations, banks in Portugal offer a wide range of well developed banking services. Euro mortgages are available for foreigners in Portugal to fund between 60 and 80% of the property price and will vary according to bank and your particular financial background. Both repayment and interest only mortgages are widely available with fixed and variable rate options. Currently interest rates in Portugal are low, at around 3.40% (2007).

The maximum loan term spans 30 years and the minimum loan value is set at 20,000 GBP. Lenders will not normally take into account rental income when calculating an applicant's level of borrowing.

Some developers of off-plan developments offer buyers installment plans over a period of years. Charges applicable vary according to developer and repayments are index linked. Although these deals can sometimes be highly beneficial, it is always advisable to shop around for the best mortgage or other finance arrangement to suit your needs.

If you own property in your own country and would like to borrow against this in an equity release plan, we can introduce you to an independent financial advisor to assist you in raising the necessary finance.

Click here to get a quote on a mortgage in Portugal



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When considering a property purchase in Portugal, you are well advised to read this page carefully to ensure you are not losing thousands on currency exchange.

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