Step 2

Financing

It’s best to sort out your financing situation before you visit Portugal to view properties. In that way you can be certain before you travel of your budget and thus use the time productively to view properties that you know are within your price range.

In this step

Make a budget
Additional costs
Payment terms

To ensure you are one step ahead, we can assist you with finding appropriate local mortgage arrangements.  Portuguese banks are happy to use properties as security for mortgages, so we can put you in touch with local banks who can assist you. We suggest doing this before you visit Portugal to view properties, so that you know precisely how much you have to spend on your dream second home.

Mortgages granted are generally for 60-80% of the property’s value and are arranged in euros.