INITIAL MORTGAGE ADVICE

Easily assess your affordability, get expert mortgage advice and access to the best mortgages conditions available in Portugal.

INITIAL ENQUIRY

Fill out the form to get expert mortgage advice and an initial assessment of your mortgage eligibility by one of our advisors. You can also do an affordability check to determine your eligibility.






 Subscribe for mortgage updates


Thank you, your No obligation quote was sent succesfully.

You can expect to be contacted by one of our advisors with a quote within 24 hours.

(except for weekends)

Please note, if you do not pay your income taxes in Spain (i.e., you are a non-resident), the maximum mortgage is 70% of the price. For fiscal residents, the maximum is 80%. In addition to the deposit, you will also need around 10-13% of the price for the fees and taxes.


Please only proceed with the form if you have the deposit plus the cash for the fees and taxes. Thank you.

Affordability Check

Calculate your Debt To Income (DTI) ratio, which is used by the banks to determine whether you will be eligible for a mortgage in Portugal Mortgage lenders in Portugal typically require that you are you DTI is maximum 35-40%. Please enter all amount in euros. If needed you can use our currency calculator.

For self-employed applicants, please give your net profit,after tax figure (divided by 12) for the last tax year. if you are a Director of a Limited company, please write your net basic monthly income here and in additional income below, give your last net dividend payment made in the last tax year.
Please select all the options applicable for you
Please select all the options applicable for you
Please select all the options applicable for you
Maximum term is to age 75 or to age 67 if a suitable pension isn’t in place, even if you intend on working past age 67.

OPENING PORTUGUESE BANK ACCOUNT

To get a mortgage in Portugal you will need a bank account with the bank arranging the mortgage. Sometimes this is done at the outset and other times after the formal approval has been granted. It can often be a good idea to open a Portuguese bank account early in the process in order to benefit from the best possible exchange rates. Your Mortgage Direct adviser can help you figure out what is the best solution for you.

MORTGAGE LENDING CRITERIA

It is a good idea to familiarize yourself with the lending criteria in Portugal, as they differ from many other countries. Our expert advisors are of course also available to assist you, when you submit the initial inquiry form

Maximum borrowing

The maximum borrowing amount is first of all determined by the loan to value ratio. The loan to value concept refers to the ratio of the mortgage amount to the property purchase price (or valuation if lower). Non-residents buying holiday homes can borrow up to 70% of the purchase price (or valuation if lower). For fiscal residents (those paying Portuguese taxes) the maximum mortgage is up to 80%.

Debt to Income

To determine what you can borrow, lenders look at your ability to pay – debt to income ratio (DTI). Typically, banks require that you allow around 1/3rd of your net monthly income after tax to pay for all worldwide debts and significant expenses (including the new Portuguese mortgage).

Maximum term

The maximum term for a mortgage in Portugal is 25 years and there are various options for different terms. However 75 is the maximum age accepted by lenders. So if you are 55 years old, the maximum term would be 20 years.

If you are over age 60 and in receipt of a pension, you can still have a mortgage in your own name, although the same criteria relating to the maximum level of debt-to-income will apply. It is also possible to use a guarantor such as a family member to secure your borrowing, which can also have potential inheritance tax benefits.

Mortgage payment calculator

Calculate your monthly repayment based on your loan amount and the desired term of the Portuguese mortgage.

INITIAL ENQUIRY

INITIAL ENQUIRY

Fill out the form to get expert mortgage advice and an initial assessment of your mortgage eligibility by one of our advisors. You can also do an affordability check to determine your eligibility.






 Subscribe for mortgage updates


Thank you, your No obligation quote was sent succesfully.

You can expect to be contacted by one of our advisors with a quote within 24 hours.

(except for weekends)

Please note, if you do not pay your income taxes in Spain (i.e., you are a non-resident), the maximum mortgage is 70% of the price. For fiscal residents, the maximum is 80%. In addition to the deposit, you will also need around 10-13% of the price for the fees and taxes.


Please only proceed with the form if you have the deposit plus the cash for the fees and taxes. Thank you.

AFFORDABILITY CHECK

Affordability Check

Calculate your Debt To Income (DTI) ratio, which is used by the banks to determine whether you will be eligible for a mortgage in Portugal Mortgage lenders in Portugal typically require that you are you DTI is maximum 35-40%. Please enter all amount in euros. If needed you can use our currency calculator.

For self-employed applicants, please give your net profit,after tax figure (divided by 12) for the last tax year. if you are a Director of a Limited company, please write your net basic monthly income here and in additional income below, give your last net dividend payment made in the last tax year.
Please select all the options applicable for you
Please select all the options applicable for you
Please select all the options applicable for you
Maximum term is to age 75 or to age 67 if a suitable pension isn’t in place, even if you intend on working past age 67.
OPENING PORTUGUESE BANK ACCOUNT

OPENING PORTUGUESE BANK ACCOUNT

To get a mortgage in Portugal you will need a bank account with the bank arranging the mortgage. Sometimes this is done at the outset and other times after the formal approval has been granted. It can often be a good idea to open a Portuguese bank account early in the process in order to benefit from the best possible exchange rates. Your Mortgage Direct adviser can help you figure out what is the best solution for you.
MORTGAGE LENDING CRITERIA

MORTGAGE LENDING CRITERIA

It is a good idea to familiarize yourself with the lending criteria in Portugal, as they differ from many other countries. Our expert advisors are of course also available to assist you, when you submit the initial inquiry form

Maximum borrowing

The maximum borrowing amount is first of all determined by the loan to value ratio. The loan to value concept refers to the ratio of the mortgage amount to the property purchase price (or valuation if lower). Non-residents buying holiday homes can borrow up to 70% of the purchase price (or valuation if lower). For fiscal residents (those paying Portuguese taxes) the maximum mortgage is up to 80%.

Debt to Income

To determine what you can borrow, lenders look at your ability to pay – debt to income ratio (DTI). Typically, banks require that you allow around 1/3rd of your net monthly income after tax to pay for all worldwide debts and significant expenses (including the new Portuguese mortgage).

Maximum term

The maximum term for a mortgage in Portugal is 25 years and there are various options for different terms. However 75 is the maximum age accepted by lenders. So if you are 55 years old, the maximum term would be 20 years.

If you are over age 60 and in receipt of a pension, you can still have a mortgage in your own name, although the same criteria relating to the maximum level of debt-to-income will apply. It is also possible to use a guarantor such as a family member to secure your borrowing, which can also have potential inheritance tax benefits.

MORTGAGE PAYMENT CALCULATOR

Mortgage payment calculator

Calculate your monthly repayment based on your loan amount and the desired term of the Portuguese mortgage.

Mortgage Application

We will guide you safely through the mortgage process so you can enjoy your new property in Spain