Mortgages
Getting a mortgage in Portugal is currently extremely difficult if you are looking to buy a property in the regular manner.
However, gaining a mortgage on bank repossessed properties in the Algarve, or Silver Coast, is much easier.
You still have to demonstrate that you can afford the mortgage, but the repossessing bank is motivated to re-lend on the property.
Many of our Portuguese bank repossessions already have 100% mortgages available, subject to status. The Banks are not in the business of owning and managing these assets. They would much rather lend on them.
Where a mortgage is available on a property in this site, we have clearly marked what level of mortgage is being made available by the bank that currently manages / owns the property.
If you would like to know more about mortgages in Portugal, please contact us.
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