international mortgages

portugal

Please note, that there are no non-status/self-certification mortgage facilities available in Portugal (although renting out your property is permitted), but minimum documentation lending schemes for Self-Employed applicants, may now be considered on a case-by-case basis.

All full status mortgages need to be supported by a minimum requirement of proof of income, i.e. if employed - copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last 6 month’s Personal Bank Statements will be required or alternatively if you are self-employed - copies of your last three years Audited Accounts & copies of both your last 6 month's Business and last 6 month’s Personal Bank Statements will be required on application.

Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans and any maintenance (ie: Divorce) payments together with your proposed Portuguese mortgage payments must not exceed 40% of your net monthly income.

Example:

Net joint monthly income £ 2,500 times 40% of that figure is £ 1,000 minus existing monthly mortgage payment £ 300 – No other liabilities. This leaves a balance of £ 700 for a proposed Portuguese Mortgage payment

Mortgage details:

Maximum loan to value 80%
Maximum term 30 years
£20,000 minimum loan
Loans available in all major currencies
Repayment and interest only mortgages available
Rates from approximately 4.40%

If you would like to speak with a representative to discuss your requirements please call +(34) 677 874 948

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