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International Mortgages
Mortgages in Portugal
Updated: Friday 23 March, 2012
By Martin Fagan
Thinking of buying a home in Portugal? Get a quote for an international mortgage today.
Loan amount - €250,000
Latest mortgage rates in Portugal
| Type of mortgage | Maximum LTV | Starting Rates from | Interest only | Monthly repayments | Request quote |
|---|---|---|---|---|---|
| Fixed rate | 80% | 6.35% |  | EUR 1,842 | Go |
| Off Shore | 65% | 3.00% | | EUR 1,386 | Go |
| Variable rate | 75% | 3.10% |  | EUR 646 | Go |
| Variable rate | 80% | 3.75% | | EUR 781 | Go |
About Portugese mortgages
Whether you’re tempted by the bustling Portuguese markets, boulevards and Roman architecture in Lisbon or the all year round mild climates offered by the Azures, then Portugal could be the ideal location for a property abroad.
Portugal has many things to offer the discerning holiday maker, with everything from golf and water sports in the idyllic temperatures of the Algarve, to postcard perfect whitewashed villages in the serene countryside of Alentejo.
Getting a mortgage to fund your holiday home in Portugal may be easier than you think. Although there are some important differences between getting a mortgage in the UK and getting a mortgage in Portugal, an international broker can help you avoid difficulties and get you on the road to relaxing in your new Portuguese retreat. International Private Finance is an international mortgage broker and could help you find the best deal for a mortgage abroad.
Read our basic guide to Portuguese mortgages
Who are International Personal Finance?
International Private Finance (IPF) is based in the UK but deals solely with brokering overseas mortgages.
IPF has a team of highly trained specialists to help find you the best mortgage for your home in Portugal. As well as searching the market for the best deals available, IPF’s brokers have exclusive deals with Portuguese banks, making it possible to offer you the best of a wide selection of deals.
The service offered by IPF includes staff fluent in Portuguese, thereby ensuring easy communication with mortgage providers whose mother tongue is not English. IPF can also help you set up a bank account in Portugal and organise the mortgage repayments to help the process go as smoothly as possible.
How can you apply for an internationl mortgage with IPF?
If you apply for a mortgage quote from IPF, the process will normally happen as follows:
- You fill in the quote form.
- IPF will get back to you by phone, usually within 24 hours. A specialist broker will discuss the options available to you. This broker can answer any questions you may have and explain, in detail, how Portuguese mortgages work.
- Shortly after this, IPF will send you an email with the best quotes for your situation.
- Should you then decide to take up one of these deals you will then pay a fee of £200 to IPF. In return you will benefit from their help throughout your mortgage application, from filling in the paperwork all the way through to completion.
THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.