Dreaming of a mediterranean retreat, a charming Portuguese villa, or a modern apartment with sea views?
Acquiring property in Portugal presents an appealing opportunity for non-residents and international investors.
However, before commencing the search for a home, one essential step must be undertaken: securing mortgage pre-approval.
What is Mortgage Pre-Approval?
It’s when a bank reviews your finances, confirms your borrowing capacity, and issues an initial approval (subject to property valuation and documentation). For non-residents, this step is essential: it provides clarity on affordability and helps navigate the Portuguese mortgage market.
Why it Matters:
- Know your Budget – Banks usually lend 70–80% of the property value to non-residents, so you’ll need to cover the rest plus 7–10% in purchase costs (IMT, stamp duty, legal and notary fees).
- Stronger Negotiating Position – Sellers are inclined to favour purchasers who have obtained mortgage pre-approval, thereby providing you with an advantage and potentially greater scope for negotiation
- Save Time – Much of the financial review is already done, so the final approval is faster.
- Avoid Disappointment – Establishes affordability from the outset, reducing the risk of losing your desired property later in the process.
- Simplify the Process – With documents already reviewed, your mortgage application becomes quicker and smoother.
How to get Pre-Approved in Portugal
- Choose Sublime Mortgage – Specialists in non-resident mortgages.
- Submit your Documents – Passport, proof of income, bank statements, credit reports, and tax returns. <<Checklist>>
- Financial Assessment – We analyse your profile and options.
- Receive your Pre-Approval – A formal confirmation of your maximum loan amount.
Final Thoughts
Mortgage pre-approval gives you confidence, clarity, and an edge in Portugal’s property market.
At Sublime Mortgage, we guide you through every step to secure the best mortgage solution for your dream home.
Get in touch today and start your pre-approval, your Portuguese property journey begins here.
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
