Looking for a Portuguese bank for your mortgage? AVOID THIS ONE!

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Member since 23 June 2011

TevisbucklesContributor08 March 2018 16:30:53

153

Hi,

We just went through a nightmare with a Portuguese bank that I wouldn't wish on anybody, thus my post. We might lose the house we want to buy because it took so long for this bank to give us a negative response. The name of the bank is ***. If you need details, please send me a private message.

Moderated by Bhavna 6 years ago
Reason : Removal of name (to avoid any risk of defamation). You may exchange the name through private messaging
We invite you to read the forum code of conduct

Woppyman New member

Member since 06 March 2018

WoppymanNew member08 March 2018 20:09:55

We had 3 rejections, took all banks over 5 weeks to decide to say No. Things work a lot slower in Portugal. Got a mortgage from BPI in the end. They have also changed lending criteria in January..now even stricter on disposable income.

Tevisbuckles Contributor

Member since 23 June 2011

TevisbucklesContributor09 March 2018 08:29:09

153

Hi, good to hear you finally were able to get your loan. We found a mortgage broker, much easier, they know all the banks. The bank I cannot mention really lead us on, the manager even called our seller to reassure him..... and then said no.

Woppyman New member

Member since 06 March 2018

WoppymanNew member10 March 2018 08:55:13

My advice to everyone is get a mortgage in principle before you look for properties.
Alternatively gear up your uk mortgage, but then you lose on exchange rate at the moment.

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