ליסבונוס מדריך משכנתאות פורטוגל - הלוואות לקונים זרים
Complete guide to obtaining a Portuguese mortgage as a non-resident foreign buyer. Covers eligibility, Euribor rates, LTV limits, DSTI rules, required documents, and the step-by-step approval process.
Key Topics
- Euribor-based variable rates — 3-month and 6-month Euribor plus bank spread (0.8–1.5%)
- LTV limits — Up to 90% for residents, 80% for non-residents as a rule of thumb
- DSTI (Debt Service to Income) — Maximum 50% of net monthly income for all debt obligations
- Fixed-rate mortgages — Available for 5–30 year terms at slightly higher initial rates
- Required documents — NIF, passport, income proof, tax returns, bank statements, CPCV
Portuguese Mortgage Banks
- Millennium BCP — market leader, competitive spreads for non-residents
- Caixa Geral de Depósitos — state-owned, strong for first-time buyers
- Santander Portugal — international network, streamlined process
- BPI (Banco BPI) — CaixaBank subsidiary, good for EU buyers
- Novobanco — competitive for non-resident mortgages
Timeline
The full mortgage process in Portugal typically takes 4–8 weeks: pre-approval in 2–5 business days, property valuation in 1–2 weeks, full underwriting and approval in 2–4 weeks, followed by deed signing at a notary.