Mortgage deal with Maximum Borrowing
Looking to borrow as much as you can on a mortgage in Portugal? This mortgage product offers up to 80% Loan to the Value of the property.
This mortgage is available for non-residents of Portugal. Our example demonstrates indicative mortgage conditions for a borrowing of up to 80% LTV.
Example:
- Property value: EUR 200,000
- Loan amount: EUR 160,000
- LTV (loan to Value): 80%
- Term of Mortgage ( Max 30 yrs): 30 years
- Maximum age of applicants on final loan repayment: 75 years old
- Type of Mortgage: Capital and Interest Repayment
- Interest rate (Variable interest rate): 3M Euribor +2.15% (currently 0.71% + 2.15%= 2.86%)
- monthly payment over 30 years: €663 pcm
- monthly payment over 20 years: €876 pcm
- monthly payment over 10 years: €1535 pcm
- Early Redemption: Total early redemption and partial redemption: 0.5%
Comment: For such a large loan percentage, the interest rates compare very favourably, especially when compared with the neighbours, Spain. This loan is very flexible.
If you prefer to place only a small deposit down on the property, this could be the mortgage for you. 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.
