Unlock the Value of Your High-Value Property in Portugal
At Worldwide Property, we offer equity release for properties in Portugal valued at over €2 million, secured through private banks in Monaco, Switzerland, and Luxembourg. Our expert team ensures a smooth process, especially for non-residents facing unique challenges. We are dedicated to ensuring a smooth and transparent experience.
WHAT IS EQUITY RELEASE?
Equity release allows you to unlock the value tied up in your property without having to sell it. This can provide you with a lump sum or regular income, offering financial flexibility and security. It is an ideal solution for homeowners looking to access funds for various purposes, such as home improvements, investments, or other personal expenses.
Benefits of Equity Release in Portugal
Engaging in an equity release agreement in Portugal can provide numerous benefits:
Immediate Access to Funds
Unlock the equity tied up in your property quickly and efficiently.
Financial Flexibility
Use the funds for any purpose, including home renovations, travel, or supporting family.
Retain Property Ownership
Continue to live in and own your property while accessing its value.
Improved Cash Flow
Enhance your financial situation without having to sell your property.
Our Equity Release Process
We have streamlined our process to make it as straightforward as possible:
Initial Consultation
Discuss your goals and receive personalised advice from our seasoned advisors. This helps us understand your needs and tailor our services accordingly.
Property Valuation
Get an accurate valuation of your property to determine its current market value and potential equity release amount.
Application Submission
Submit your application with our support. We help gather and prepare all necessary documents, making your application process efficient and straightforward.
Approval and Offer
Review and accept the equity release offer with our team’s guidance. We ensure you are fully informed before making any commitments.
Completion
Finalise your equity release arrangement with our expert assistance, ensuring all paperwork is completed correctly and efficiently.
Releasing Equity from Your UK Property for a Purchase in Portugal
If you own a property in the UK, you can also release equity from your local mortgage and use the funds to buy a property in Portugal. Here’s how:
Contact Your UK Lender: Discuss the possibility of equity release with your current mortgage provider.
Valuation and Application: Get your UK property valued and submit the necessary documents to release equity.
Transfer Funds to Portugal: Once approved, transfer the funds to a Portuguese bank account, considering exchange rates and transfer fees.
Purchase Property in Portugal: Use the released equity to purchase your desired property in Portugal, following the local buying process.
Why Choose Us?
Choosing Worldwide Property for your equity release needs means partnering with a trusted advisor in the Portuguese property market. Here’s why our clients choose us:
Expert Guidance
Our experienced team offers valuable insights and personalised advice, helping you make informed decisions.
Transparent Process
We ensure clear communication and detailed information at every stage, so there are no surprises.
Competitive Rates
We work with top financial institutions to offer competitive terms tailored to your needs.
Reliable Network
Our partnerships with reputable banks and legal professionals ensure quality and reliable services.
End-to-end Support
From initial consultation to finalisation, we provide continuous support for a hassle-free experience.
Unlocking the value of your property in Portugal is simple with our expert help. Contact us today to schedule a consultation and start your journey towards your second home in Portugal.
Contact UsFrequently Asked Questions
What documents are needed for an equity release mortgage in Portugal?
You will typically need proof of income, bank statements, identification, proof of property ownership, and a property valuation.
How long does the equity release process take?
The process can vary, but it typically takes a few weeks from initial consultation to completion. Timely submission of all required documents is crucial.
Are there any tax implications for equity release in Portugal?
Our legal partners can provide detailed advice based on your circumstances, ensuring compliance and optimal tax planning.
