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Need a mortgage? Here’s how..

Need a mortgage? Here’s how..

The nation’s constitution and well-founded legal system give foreign buyers and property owners the same fundamental rights and protection as those enjoyed by Portuguese citizens.

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The climate is one of the healthiest and most pleasant in the world, comparable to California.

There is sufficient seasonal variation to make the weather anything but boring, but winters are never too cold and the summers never too hot. The skies are predominately blue all year round.

Portugal, and especially the Algarve and Silver Coast, has managed to retain its timeless “old world” charm and traditional values even though it is an integral part of an ambitious, forward-looking nation, and tourism is its major economic activity.

 

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The nation’s constitution and well-founded legal system give foreign buyers and property owners the same fundamental rights and protection as those enjoyed by Portuguese citizens.

Air links and telecommunication facilities are excellent. Faro and Lisbon international airports, satellite television, cellular telephones, fax machines, computer modems and the internet mean you can be as globally in touch as you want to be.

 

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While you personally may be stepping into relatively unknown territory by buying property in Portugal, plenty of foreigners have done it before you. There is a well-established procedure and there is no shortage of sound advice available on all aspects of setting up home in the Algarve.

It is both a place to relax and do little or, if you prefer it, indulge your every active recreational interest, much of it out doors in the clean, fresh air.The environment is much less spoilt and polluted than other European countries.

 

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Growing popular awareness backed by EU directives incorporated into Portuguese law should ensure it stays that way.Portugal is best known for its spectacular coastline, including scores of glorious beaches. Less known, but equally attractive, is its inner land of vineyards, olive, almond, carob and fig trees, rising to rolling hills and the plains of the province of Alentejo beyond.

In the spring, from as early as Christmas until the endof May, the countryside is in full sparkling bloom beneath exhilarating azure skies.

It is a very different scene to the grey gloom that pervades northern Europe early in the year.From a few kilometers inland, the Algarve is covered with evergreen trees and shrubs and so the countryside remains remarkably lush even in the height of summer.

 

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Language is generally not a problem and, anyway, you will enjoy picking up at least a smattering of Portuguese. You can get by in English or German, so long as you understand the Portuguese all-purpose expression that sums up any and all of life’s minor travails: “Não faz mal” meaning no harm done.

 

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Mortgage options available through idealmortgagesportugal.com

 

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Documents needed

 Proof of address (Utility bill for example)

 Copy of passport

 Reference Letter from your employer, referring that you have a permanent job (simple letter stating that you been working with the company for a certain time, and you have a permanent position).

 P60

 3 month bank statements current & Savings

 3 months’ Pay slips

 Credit report

 How Many dependants do you have?

 

If self-employed

  Last year’s personal tax return

 Last three months business Bank statements;

 Summary Assessment of the Tax Return.

 Company Profit and Loss

 Other Income (if applicable)

 Confirmation of pension received

 Confirmation of rent received

 Copy of bank statements of the above

 

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Wonderful 3 bedroom townhouses in Cabanas

 

 For further details visit www.idealmortgagesportugal.com or call

 Ideal Homes Portugal on

0800 133 7644 or +351 289 513 434,

email info@idealhomesportugal.com or visit www.idealhomesportugal.com.

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