Mortgages In Portugal

As is the case throughout most of the European Union it is possible to obtain a Mortgage in your country of residence, for a property you are buying in Portugal. There are a number of companies who specialise in overseas property mortgages.

The other option is of course to obtain your mortgage in Portugal; if you have good earnings it is possible to obtain a property without a deposit. This would depend on the valuation of the property. The bank will usually lend up to 80% of the property value. This means that providing you can agree a price with the owner that is 80% of the valuation given by the banks valuator, you do not need a deposit.

It is important to note that the Bank will be interested largely in your disposable income so you will need to provide evidence that you can afford the repayments.

Of course you will have to apply for the mortgage and there will be charges associated with that. There are of course a variety of mortgage types on the market with fixed and variable repayment options, the vast majority of mortgages in Portugal however are repayment type mortgages.

You can have a mortgage for up to 40 years in Portugal but your age may not exceed seventy two by the end of the mortgage term.

We at P.P.Property have many contacts both in Portugal and abroad, we will be very happy to match you with the correct company as regards a mortgage in Portugal.

Please email Fernando@ppproperty.com for more information or telephone him on

Tel: 00351    915 194 847