Buying a property

Alex Gorman14 · 2023-09-12T09:17:40+02:00

Explore how to qualify for a property bond in Portugal with an international income. Get practical tips for managing deposit and banking.

Alex Gorman14 Member

Member since 06 September 2021

Alex Gorman14Member12 September 2023 07:17:40

Hi I have a international salary聽 some from South Africa, some front Dubai聽 ,some from Portugal paid into a potragues bank account, I have a deposit ,can I qualify聽 for a bond on a property?

Strontium Serial expat

Member since 27 April 2019

StrontiumSerial expat12 September 2023 08:02:47

409

聽聽 Hi I have a international salary聽 some from South Africa, some front Dubai聽 ,some from Portugal paid into a potragues bank account, I have a deposit ,can I qualify聽 for a bond on a property?
聽聽

聽聽 -@Alex Gorman14

Hi,

What is a "bond on a property"?

Alex Gorman14 Member

Member since 06 September 2021

Alex Gorman14Member12 September 2023 08:09:50

I by a property聽 put 20 % down as a deposit and pay thr test off to the bank?

JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert12 September 2023 08:31:04

5009

20%...? You should bear in mind that most banks won't finance you for more than 50% of the value of the land and you usually need to have an approved building project, among other documents.

But you have to go to your bank in Portugal and find out. It all depends on your age, your fixed monthly income and your effort rate to pay back the loan...

Alex Gorman14 Member

Member since 06 September 2021

Alex Gorman14Member12 September 2023 08:49:03

Thank you will bear that on mind.

bobinportugal22 Active member

Member since 14 February 2023

bobinportugal22Active member12 September 2023 09:02:30

Alex,

聽聽聽 I would strongly suggest using a mortgage broker as they're paid by a fee from the lender with no cost to you. They will use their network to find the mortgage best fit to your needs. I used one in Albufeira and was very impressed with his efforts.