The very first thing you need to think about when purchasing a property is to ask yourself "Do I have the money, can I afford to buy my home or business?" Many people become disappointed when they find the dream home they are looking for, only to discover soon after that it is beyond their means. The majority of people need some financial help with a loan or a mortgage for one of the most expensive items you are likely to buy….your home!! It makes sense to find out what you can afford first, then look for the property within your budget.
Why not get your finances pre-approved with a FREE Approval in Principle Certificate first?
Lifestyles International Property works in co-operation with one of the UK’s leading overseas mortgage specialist who can help you find the finance for your property abroad, and make the process as safe and as hassle-free as possible.
Established in 1994, they have helped thousands of people to arrange their mortgages in over 45 countries. Working closely with overseas lenders and property professionals they will help you to buy your property, whether this is for your own personal use or for investment purposes. Their experienced teams of specialists ensure that every step of arranging your mortgage is handled promptly, efficiently and professionally. Fully independent, they can give you a free pre-application mortgage calculation to help in your search for a property.
- 1,000’s of independent financial advisers, mortgage specialists, agents and developers worldwide benefit from using their services.
- New countries continually added to mortgage portfolios
- In-depth local knowledge of all documentation required for various lenders, leading to faster mortgage offers
- Competitive and exclusive lending terms.
- Partnerships with expert companies that can support every step of the overseas property purchase.
| Mortgages in Portugal |
| Loan to Value | 80% Maximum |
| Maximum Term | 30 Years |
| Minimum Loan | £48,000 |
| Repayments and Interest only Mortgages |
To have your mortgage pre approved before you travel abroad,
complete our Application form online here.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR FOREIGN PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
BE SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT AGREEMENT. THE FIGURES QUOTED ON THIS SITE ARE BELIEVED TO BE CORRECT AT THE TIME OF ISSUE, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. ANY QUOTATION SUPPLIED IS NOT AN OFFER OF A MORTGAGE.
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If you require finance to purchase an Overseas Residential property, then Conti Financial Services (who were established in 1994), have many years experience in arranging this type of mortgage facility. Commercial loans also considered on a case-by-case basis.
Conti Financial Services are UK based Licenced Credit Brokers (Consumer Credit Licence Number 525439) and are registered for any applicable UK Mortgages by the Mortgage Compliance Board - Number 5659598.
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Fully Independent with more lenders and more choice
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Can pre-qualify an application before you find a property
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Competitive lending terms
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Can save you time and costs (ie: phone, fax and postage) in both exploring and finding a possible lender
- In house processing & underwriting - which saves time with receiving a final offer, especially as we are normally aware of what documentation the lender requires, their lending criteria and how to present the application
Includes Spanish Residential Property in Mainland Spain, Canaries & Balearics
Loans available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.
Type of Loan: Repayment, Endowment, Interest only Mortgages
Minimum: €30,000 loan amount and/or Purchase Price/Valuation of €75,000. No Maximum, but must not exceed 80% of valuation or purchase price (whichever is the lower) Please note, even more competitive schemes now available for 70% loans with a minimum of €30,000
Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.
Term: 5 to 30 years up to age 70
Currency: Euros and other Major Currencies
Current Variable Interest Rate: from approx 1.50% above LIBOR on a Variable Rate basis in Sterling, OR lower Fixed/Variable Rates in Euros - ie: from approx 2.75% Variable for 70% loans. PLEASE CHECK BOTH THE LENDERS SETTING-UP COSTS AND EARLY REDEMPTION PENALTIES, AS THESE CAN VARY - DETAILS ON REQUEST.
Example for Euro Loans: Repayment mortgage of approx €72,500 over a period of 20 years at an interest rate of approx. 2.75% = approx €397.30 capital and interest per month = a total approximate amount payable over the term of €98,252 including capital, interest, arrangement and survey fees.
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Loans in other countries are available - written details on request.
If required re-mortgages / second mortgages for this purpose can also be secured on your U.K. property.
Capital raising may be available on the overseas property in certain areas for home improvements etc.Other features of this service include;
Some "Exclusive Mortgages Arrangements" and Competitive Lending Terms.
An option for you to arrange the mortgage protection policy (if required).
Competitive Administration and Arrangement Fees.
Personal advice to you directly on the the practical and legal aspects of purchasing a property overseas.
Commercial Loans also available on a case by case basic and subject to receipt of a full Feasibility Report and Business Plan.
For further information please fill in our on-line request form
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