Mortgages in Portugal

3 Years Interest only, up to 75% LTV

Looking to borrow as much as you can on a mortgage in Portugal but need an initial period with just interest payments to make? This mortgage product offers up to 75% Loan to the Value of the property.

This mortgage is available for non-residents of Portugal. Our example demonstrates indicative capital repayment mortgage conditions for a borrowing of up to 75% LTV and allows for the payments in the first 3 years to be interest only as an option.


  • Property value: EUR 200,000
  • Loan amount: EUR 150,000 (minimum €75,000)
  • LTV (loan to Value): 75%
  • Term of Mortgage ( Max 30 yrs): 30 years
  • Maximum age of applicants on final loan repayment: 75 years old
  • Type of Mortgage: Interest only for 1st 3 years. Capital and repayment for remainder of term.
  • Interest rate (Variable interest rate): 3M Euribor +1.70% (currently 0.71% + 1.70%= 2.41%)
  • Monthly (Interest only) 1st 3 years: €301.20
  • monthly payment over 30 years: €630 pcm
  • monthly payment over 20 years: €788 pcm
  • monthly payment over 10 years: €1408 pcm
  • Early Redemption: Total early redemption and partial redemption: 0.5%

Comment: Perfect for those who would like a short amount of time to pay for other moving-in costs, before starting to pay off the capital amount as well as the interest.

Please contact the mortgage supplier here for more information.

This information should only be used as a guide. All product specifications will depend on the individual’s financial circumstances. The products mentioned here are for non-resident clients, other products will be available for residents. Information correct as of 15/06/10.

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Mortgages in Portugal
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