At Sublime Mortgage, we appreciate that securing a mortgage abroad can seem complex — especially for international clients purchasing property in Portugal. Below, we address some of the most common questions we receive:
Can I Obtain a Mortgage in Portugal Without Being a Tax Resident?
Yes. Portuguese banks offer mortgages to both EU and non-EU nationals. Non-residents can apply, provided they meet lending criteria, particularly concerning financial capacity and credit history. Sublime Mortgage specialises in securing competitive terms for international clients
What is the Usual Loan-To-Value (LTV) Ratio for Non-Residents?
Most banks offer up to 70%–80% of the property’s valuation, though this may vary based on your profile and the institution’s policy.
What Types of Properties can be Financed?
Mortgages may be granted for the following property types:
• Primary residences
• Second homes
• Investment properties — including long-term rental and short-term holiday lets (e.g., Airbnb), subject to local regulations
• Newly built or off-plan properties, provided the developer is approved by the bank and all licensing is in place
• Self-build projects, where the client intends to construct a property on owned land, subject to project approval, planning permission, and staged disbursement conditions set by the lender
What Interest Rate Options are Available?
• Variable Rate – Euribor + margin
• Fixed Rate – Predictable repayments
• Mixed Rate – Fixed initially, variable thereafter
What is the Maximum Mortgage Term?
Typically up to 30–40 years, subject to the borrower’s age, financial profile, and the lender’s criteria.
What Documents are Required?
• Passport or ID
• Portuguese Tax Number (NIF)
• Proof of income and employment
• Recent tax returns & bank statements
• Credit report (if available)
Can I Apply Remotely?
Most stages can be completed remotely. A Power of Attorney may be used for legal representation if physical presence is required.
How Long does the Mortgage Process Typically Take?
• 5–15 days for pre-approval, depending on your financial profile and document submission
• 45–60 days in total from initial application to completion
What Costs and Fees Should I Expect with a Property Purchase and Mortgage?
• Property Transfer Tax (IMT)
• Stamp Duty
• Bank, valuation & arrangement fees
• Notary and land registry costs
• Legal fees
How do I Select the Best Mortgage Offer?
Compare not just interest rates, but:
• Loan duration
• Flexibility
• Associated fees
• Terms & conditions
A specialist broker like Sublime Mortgage provides impartial guidance tailored to your goals.
Speak to an Advisor
We welcome the opportunity to assist you.
For personalised support:
👉 Book a Consultation
📧 info@sublimemortgage.com
🌐 www.sublimemortgage.com
Warm regards, The Sublime Mortgage Team
