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Mortgages
and Property
Portugal
Includes Portuguese Residential Property
Loans available for the majority of Nationalities for
either House Purchase or re-financing for other purposes including
Home Improvements.
Type of Loan: Repayment, Endowment, ISA & Pension
Linked Mortgages
Minimum: £ 20,000, No Maximum, but must not exceed
80% of valuation or purchase price (whichever is the lower)
Proof of Income: required in all cases (can be made
up of Earned Income, Pension, Investment or Rental Income. Please
note however, it is not always the case that the Lender will take
all or part of these Incomes into account when determining the maximum
loan available). Non-Status loans are currently not available.
Term: 5 to 30 years up to age 70
Currency: Euros and all other Major Currencies
Current Variable Interest Rate: from approx 1.50% above
LIBOR on a Variable Rate basis in Sterling or approx 3.75% in Euros
Example for Euro Loans: Repayment mortgage of €80,000
over a period of 20 years at an interest rate of approx. 3.75% =
€ 480.00 capital and interest per month = a total approximate
amount payable over the term of € 118,400 including capital,
interest, arrangement and survey fees.
Further information
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