Mortgages in Portugal

If you are taking out a mortgage with a Portuguese or British bank, you will usually need a deposit of 10-25% of the purchase price.

Seek advice about which lender to choose. While getting a euro mortgage a Portuguese lender will save you problems of the fluctuating currency exchange rate between the euro and pound, the set-up fee is usually higher that it is with a British lender.

The valuation fee is 0.20% of the purchase price or £1,000, whichever is lower.