Speak to a Portuguese Mortgage Broker
Finance your Portuguese property with confidence
Most international buyers don’t realise how different a Portuguese mortgage is until they start looking. We’ve guided buyers from the UK, EU, US, and UAE through it since 2001, handling everything from lender selection to completion so you don’t have to.
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In Brief
Getting a mortgage in Portugal as a non-resident
Non-residents, including UK nationals, EU citizens, US buyers, and UAE-based buyers, can obtain a Portugal mortgage. Portuguese banks and international private banks lend to foreign buyers at 60–80% LTV depending on residency and employment status.
Variable rates linked to the Euribor are the most common structure; fixed initial periods are available. Lenders assess affordability at 30–35% of net monthly income. Acquisition costs add approximately 6–9% to the purchase price on top of your deposit.
LTV RANGE
60–80%
Loan-to-value depending on residency
Interest Rates
3-5%
Typical rate range as of Q2 2026
Max Term
30 yrs
Maximum loan duration (capped at age 75)
Affordability
30–35%
Maximum debt-to-income ratio
Upfront Costs
6–9%
Typical total acquisition costs
Timeline
2–4 wks
Typical time to pre-approval
About Our Service
Why international buyers choose us
Most of our clients come to us having already found a property they want. They know they need financing but they’re unfamiliar with how the Portuguese market works, which lenders will actually consider their application, and what the process looks like from here. That’s the conversation we have every day.
We work with buyers from the UK, EU, UAE, US, and beyond, purchasing property primarily across the Algarve and Lisbon regions, as well as selected locations throughout Portugal. Whatever your residency or income structure, we’ll quickly and honestly explain the options available to you.
Current Rates
Portuguese mortgage rates for non-residents
Portuguese mortgage rates are most commonly structured as a variable rate linked to the Euribor. Fixed initial periods of 5 or 10 years are also available. The figures below are indicative based on a €500,000 loan for a non-resident buyer.
| Max LTV | Term | Rate From* | Monthly Payment** |
|---|---|---|---|
| 80% | 30 years | 3.20%Variable | €2,159 |
| 80% | 25 years | 3.20%Variable | €2,414 |
| 70% | 30 years | 3.50%Fixed, 5yr initial period | €2,243 |
| 70% | 25 years | 3.85%Fixed, 10yr initial period | €2,611 |
| 70% | 20 years | 3.85%Fixed, 10yr initial period | €2,984 |
* Variable rates are linked to the Euribor 6-month rate plus a lender spread, typically 1.0–1.5%. Fixed rates revert to a variable Euribor-linked rate after the initial fixed period. Indicative for Q2 2026. ** Based on a €500,000 mortgage amount. Subject to lender eligibility and financial profile.
The right lender matters as much as the rate.
The rate you can access depends on your residency, deposit, income structure, and which lender is the right fit for your profile. Not every lender works for every buyer in Portugal, and approaching the wrong one can cost you time and damage your application.
Our brokers identify the right lender for your situation before you approach anyone, so your application goes to the place most likely to say yes on the best available terms.
Speak to a Portuguese Mortgage Broker
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Rate Structure
Variable or fixed? Understanding the choice
Portugal’s rate structure differs from most markets. Variable Euribor-linked rates are the norm, not the exception. Here’s what that means in practice.
Variable Rate: Euribor-Linked
Your rate is set as Euribor (3-month or 6-month) plus a fixed bank spread, typically 1.0–1.5%. The rate adjusts each review period, so your monthly payment moves with Euribor.
Variable rates typically offer a lower starting payment than fixed alternatives. They suit buyers comfortable with some variability, or those who expect rates to remain stable or fall further as the ECB continues its cycle.
Best for: Buyers who want the lowest initial rate and can absorb some payment variation over time.
Fixed Initial Period: 5 or 10 Years
A fixed rate is locked for an initial period before the mortgage reverts to a variable Euribor-linked rate. The initial fixed rate is slightly higher than the variable equivalent, but your monthly payment is predictable for the fixed period.
Fixed-period mortgages are typically available at up to 70% LTV and suit buyers who want payment certainty during the early years of ownership. Particularly useful for holiday home buyers on fixed incomes.
Best for: Buyers who prioritise payment predictability in the first 5–10 years of ownership.
by Residency
How much can you borrow in Portugal?
Portugal mortgage eligibility and available LTV vary significantly by residency status and employment type. Foreign buyers and expats are assessed differently from Portuguese tax residents, and the assessment differs further depending on where they are based. We have specialist lender access for each profile.
UK Residents — Up to 80% LTV
UK buyers can access Portuguese mortgages on competitive terms. Employed buyers qualify for up to 80% LTV; self-employed buyers up to 70% LTV, subject to two to three years of certified accounts. We work with lenders experienced in UK income documentation: payslips, P60s, and SA302 returns.
EU Residents — Up to 80% LTV
EU nationals benefit from broad lender access across Portuguese high-street and private banking institutions. Euro-denominated income simplifies the affordability assessment. While the LTV ceiling is similar to Portuguese residents, non-fiscally resident EU buyers are assessed as non-residents for mortgage purposes.
UAE Residents — Up to 75% LTV
UAE-based buyers can access Portuguese mortgages at up to 75% LTV through our exclusive lender network. We manage AED-denominated income assessments and the documentation requirements for buyers across Dubai and Abu Dhabi.
USA Residents — Up to 70% LTV
American buyers can obtain Portuguese mortgages at up to 70% LTV. US applications involve additional compliance requirements due to FATCA obligations. We work with specialist lenders experienced in US buyer applications and structure documentation correctly from the outset to avoid delays.
Speak to a Portuguese Mortgage Broker
We work with buyers from across the globe. If your residency isn’t listed above, speak to one of our brokers. We’ll give you an honest picture of what’s available for your specific profile within 48 hours.
TESTIMONIALS
What our clients say about us
Types of Mortgages
Portuguese mortgage options available to non-residents
Whether you are buying a holiday home in the Algarve, relocating permanently, or investing in Lisbon or Porto, the right mortgage structure depends on your purchase type, intended use, and financial profile.
Standard products cover most buyers.
For purchases above €2 million, or where your income or asset profile falls outside standard lending criteria, our specialist financing options and private banking network open up a wider range of structures.
| Standard | |
| Capital Repayment | Self-Employed Mortgage |
| Construction | |
| Self-Build Mortgage | Renovation Financing |
| Specialist Financing | |
| Private Bank Mortgage (€2m+) | Interest-Only (€2m+) |
| 100% Mortgages (€2m+) | Bridging Loans (€2m+) |
| Equity Release (€2m+) | Lombard Loans (€2m+) |
| Refinancing | |
Private Banking Access
Complex income profile?
Private financing may suit you.
Many buyers approaching us for a Portugal mortgage fall outside what standard Portuguese lenders can accommodate: holding wealth in assets rather than salary, requiring an interest-only structure, or based in a market where Portuguese banks have limited direct experience. This is where our private banking network makes the difference.
- Interest-only mortgages for investors and HNW buyers
- Lombard loans secured against investment portfolios
- 100% financing for qualifying HNW clients
- Equity release and refinancing on existing Portuguese assets
- Bespoke terms for non-standard income and asset profiles
Enquire About Complex Financing
Specialist lender access most brokers can’t offer
Over 25 years we have built exclusive relationships with private banking institutions in Monaco, Switzerland, and Luxembourg that most brokers cannot access. Where a standard lender isn’t the right fit, this network is where we are most useful.
Monaco
Switzerland
Luxembourg
Private bank financing is available from €2 million, offering greater flexibility, discretion, and bespoke structuring than standard lending channels. Our brokers will advise on whether this is the right route for your situation.
Acquisition Costs
What does buying in Portugal actually cost?
Beyond the deposit, buyers should budget 6–9% of the purchase price for Portuguese acquisition costs. These are paid at completion and cannot be included in the mortgage.
| Cost | Amount | Notes |
|---|---|---|
| IMT: Property Transfer Tax | 0–8% | Graduated tax on the purchase price, depending on property type, value, and use. Non-residents buying holiday homes or investment properties are typically assessed at the higher end of the scale. |
| Imposto de Selo: Stamp Duty | 0.8% | Stamp duty on the purchase price at 0.8%, plus an additional 0.6% on the mortgage amount. Both payable at the notary on completion. |
| Notary & Land Registry | ~1% | Notary fees for the escritura and registration of the purchase with the Portuguese Land Registry (Conservatória do Registo Predial). |
| Legal Fees | ~1% | Fees for a Portuguese solicitor to handle due diligence, CPCV review, and the legal aspects of the purchase. Recommended for all non-resident buyers. |
| Bank Arrangement & Valuation | €500–€1,500 | Most lenders charge an arrangement fee and an independent property valuation fee, paid at the application or approval stage. |
Documentation
Portugal mortgage requirements — what lenders need
Portuguese mortgage requirements for non-residents are thorough but predictable once you know what’s expected. We prepare and present your full documentation pack in the format that gives your application the strongest possible chance.
How we work
We handle the complexity.
You focus on the property.
Get Started
Ready to explore your Portuguese Mortgage options?
One conversation with our brokers will clarify what’s available to you as a UK buyer, what it will cost, and how to structure it. No jargon, no obligation.
Speak to a Portuguese Mortgage Broker
FAQs
Portuguese Mortgage Questions Answered
Further Reading
Guides for Buyers in Portugal
