Buying a property

Last activity 12 September 2023 by bobinportugal22

68 Views

5 replies

Post new topic

Alex Gorman14Member12 September 2023 07:17:40

Hi I have a international salary some from South Africa, some front Dubai ,some from Portugal paid into a potragues bank account, I have a deposit ,can I qualify for a bond on a property?

StrontiumSerial expat12 September 2023 08:02:47

324

Hi I have a international salary some from South Africa, some front Dubai ,some from Portugal paid into a potragues bank account, I have a deposit ,can I qualify for a bond on a property?

-@Alex Gorman14

Hi,

What is a "bond on a property"?

Alex Gorman14Member12 September 2023 08:09:50

I by a property put 20 % down as a deposit and pay thr test off to the bank?

JohnnyPTPortugal Expert12 September 2023 08:31:04

4394

20%...? You should bear in mind that most banks won't finance you for more than 50% of the value of the land and you usually need to have an approved building project, among other documents.

But you have to go to your bank in Portugal and find out. It all depends on your age, your fixed monthly income and your effort rate to pay back the loan...

https://www.idealista.pt/news/financas/ … o-funciona

Alex Gorman14Member12 September 2023 08:49:03

Thank you will bear that on mind.

bobinportugal22Active member12 September 2023 09:02:30

Alex,

I would strongly suggest using a mortgage broker as they're paid by a fee from the lender with no cost to you. They will use their network to find the mortgage best fit to your needs. I used one in Albufeira and was very impressed with his efforts.

Articles to help you in your expat project in Portugal

Buying property in Portugal
If you've lived in Portugal for a while and plan to build a future in this country, you may want to explore ...
Buying property in Porto
In the last decade, Portugal has become an important destination for culture and investment in Southern Europe. ...
Accommodation in Lisbon
With a thriving expat community, a rising yet still manageable cost of living (for Western standards) and a ...
Accommodation in Porto
Considered Portugal's second-largest city, after the capital of Lisbon, Porto is home to over 230.000 people ...
Accommodation in Portugal
As you are planning your move to Portugal, one of the key things that you will need to decide is where you are ...
Renting options in Porto
Over the past few years, rent prices in Porto have been soaring. As the city's popularity grows among tourists ...
Neighbourhoods in Porto
Most people visiting Porto for the first time spend most of their time exploring the downtown, and the same thing ...
Buying property in Lisbon
So, you are finally in Lisbon! You have a flat, a job and your life is moving forward quickly. Well done! But if ...