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Mortgage Pre-approvals

Our mortgage partners Mortgage Direct who cover both Portugal and Spain have recently confirmed that Portugal was by far the stronger market for them last year and they are going to focus more of their energies on Portugal going forward.

Travel to and from Portugal during the pandemic has been far easier than other European countries and continues to be so. Here they tell us a  bit more about why you should start the mortgage process early, ideally before coming to Portugal.

Many clients don’t understand the buying process and that when their offer is accepted on a property, they may be required to pay a non-refundable deposit within a short period of time. When the sale involves a mortgage, this can put unnecessary stress on the bank, solicitor, mortgage adviser and client.




It is advisable to get the mortgage pre-approved as soon as possible. This is also an attractive bargaining tool for the client as the vendor is much more likely to offer better buying conditions if the purchase comes with a mortgage approval or pre-approval well underway. It can also make for a speedier sale which can only be a good thing for everyone.

Latest deals
We are excited to announce that we can now achieve from 1.5% fixed for 30 years.

Mortgage enquiries
For any mortgage-related enquiries, please don’t hesitate to get in contact
with Katherine

Maximum LTV

Up to 70 % for non-residents
Up to 80 % for residents

Variable interest rates
From Euribor + 0.99% = 0.99%
Current Euribor -0.509%

Fixed interest rates
From 1.5% for the whole term (30 years). Terms up to 40 years

Useful information

Mortgage process
Our step-by-step guide also helps clients understand how the process works.

Mortgage quote
To receive a mortgage quote with no obligation, please complete our online form or contact one of our qualified advisers – please rest assured that all information is treated as strictly private and confidential.

Required documents & charges
In terms of the documents required, we do not need these to provide an initial quote. Please refer to our charges page, which gives an example of the costs involved in a typical house purchase. Depending on the area of Portugal, clients should allow between 8-10% of the declared price to cover all fees and taxes.

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