Financing rate Portugal

Funding rate

The maximum financing rate in Portugal is currently the same at all banks: as a non-resident buyer, it is currently possible to finance up to a maximum of 70% of the purchase price. Mortgage & Abroad has multiple contacts with nationwide banks Portuguese that cater to Non-resident clients. So there is something to choose from.

For Non-residents of Portugal, the maximum funding rate is 70%. The playing field of banks that can finance non-residents is limited, but there is certainly something to choose from. A handful of Portuguese banks have a separate department that also caters to non-resident customers.

For residents of Portugal, up to 80% can be financed. For residents, there is a wide choice of banks; even banks that do not have a separate department for Non-Resident buyers can go there.

There are currently no Dutch banks financing foreign houses.

The lower the loan rate the lower the risk to the bank and the sooner a bank will usually be willing to grant a mortgage loan. Keep in mind that it is not true that the lower the loan amount the easier it becomes to get a mortgage. For loan amounts under €100,000, the banks are not hot.

If the equity comes into the purchase of another loan, that is a problem for some banks. People want to see their own money come from savings.

Non-residents refers to buyers who are not yet (tax) residents of Portugal at the time of purchase.