Portugal has been at the top of the list for popular holiday destinations for years. With picturesque fishing villages, great weather all year, long beaches of golden sand, world class golf courses, ideal locations for water sports, buzzing nightlife, beautiful lakes and rivers, the Algarve is truly an all-year-round holiday destination for all the family. It has everything you need to relax and get away from the stress at home. Whether you are buying here to live or as an investment, Capital Financial Partners will find the best solution for you to finance your new property. We work closely with a number of banks in the area to can find a perfect financial solution to get you on your way to enjoying all the great things Portugal has to offer.
Apply NOW to find out how much you qualify for in Portugal.
Buying Guide
Buying a foreign property can be a daunting decision whether it is your first time or not, and so it is important that you take the time to research and plan to ensure that it is feasible, and that you are making the right investment choice.
Mortgage Guide
Mortgages at a glance:
| Maximum Loan to Value: |
80% |
| Maximum Term: |
30 years |
| Maximum Interest Only Term: |
25 years |
| Maximum Age on Completion: |
75 years |
| Best Rates: |
3 month Euribor +0.5% |
| Mortgage Process Length: |
6 - 8 weeks |
CFP Mortgages in Portugal:
We have a number of popular
mortgages in Portugal, with our Product manager and Portugal Financial Advisors constantly in contact with the various lenders to secure new deals, and get new and better rates for our customers.
Qualification:
Qualification for a mortgage can vary from bank to bank. Generally qualification is dependant on your ability to repay your mortgage and debts at home, as well as your mortgage in Portugal. The figure used is usually expressed as a % of your combined net take home pay.
Eg. In Portugal this is 35% - 40% of your net take home pay.
Some banks will lend against the valuation of the property and not the purchase price, which is ideal for off plan property investors. Please note however that some banks are more flexible than others.
Mortgage Costs:
All mortgages have associated costs, for Portugal these costs are:
Stamp Duty: 0.6%
Valuation Fee: €250
Application Fee: €700
Documentation:
When applying for a mortgage it is important that you have specific documentation to support your application and prove that you are elegible for a mortgage. The
required documentation are necessary, but may vary depending on the lender and the type of mortgage you are applying for.
Note: All facts and figures may vary depending on individual circumstances.