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At a glance:

Mortgage

Refinance

Equity Release

Buy to Let
Maximum Loan to value

80%

70%

40%

N/A
Maximum Interest only period

5 years

2 years

0

N/A
Maximum Term

30 years

30 years

30 years

N/A
Maximum Age on completion

80

80

70

N/A
Average interest rates

3.7%

3.7%

3.7%

N/A
Average monthly price per thousand

4.10

4.10

4.10

N/A

Process:
Portuguese banks are among the most competitive in Europe and offer very favorable interest rates and loan to value ratios. Approvals are only issued after the habitation licence, which may occasionally be delayed in the town hall, but generally the process should take no more than 6 weeks.

Approximate timelines (weekends not included):

1. Approval in principle Instant
2. Final licences Day 1
3. Property registration details Day 1
4. Application (receipt of documents) Day 1
5. Power of attorney Day 1
6. Confirmation of approval in principle Day 3
7. Valuation Day 6
8. Formal offer Day 10
9. Arrange signing Day 15
10. Signing Day 20
11. Transfer of deeds Day 20
12. Payment to developer Day 20
13. Agency of service

Day 20
14. First mortgage payment Day 21

To arrange this mortgage for you, please contact us by clicking here:

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