Unlock Your Dream Home with Expert Mortgage Brokers

Lisbon mortgage brokers compare offers from multiple banks, explain key terms in plain English, and guide you through pre-approval to completion. They help organise documents, liaise with lenders and valuers, and flag local taxes and timelines. For newcomers, this saves time, reduces stress, and can improve approval odds.

Yes. Non-residents can usually obtain mortgages in Portugal, though loan‑to‑value ratios are often lower than for residents. Expect typical LTVs around 60–70% for non-residents, while residents may access higher amounts. Lenders assess stable income, credit history, and existing debts, and may request larger deposits and additional documentation.

Common requirements include passport, Portuguese tax number (NIF), proof of address, recent bank statements and payslips, employer letter or contract, and tax returns. Self‑employed applicants may need accountant statements and company accounts. Lenders will also ask for property details, proof of deposit, and possibly a credit report.

Timelines vary by bank and case. As a guide, pre‑approval can take 1–2 weeks once documents are complete, with full approval and deed completion typically 4–8 weeks after valuation. Complex income or non‑resident cases can take longer, so starting early helps avoid completion delays.

In Portugal, many loans track Euribor (variable), while fixed and mixed options are widely available. Fixed rates provide payment certainty; variable can be cheaper initially but fluctuate with Euribor. Mixed products fix for a term then revert to variable, and a broker can model scenarios against your risk tolerance and plans.

Rates in Lisbon depend on Euribor plus the bank’s margin, your profile, loan‑to‑value, and product choices such as insurance. Because rates move frequently, request up‑to‑date Key Information Documents and compare APRC across offers. A broker can explain total cost over time, not just the initial monthly payment.

Yes, a Portuguese tax number (NIF) is essential for property purchase and mortgage contracts. Most lenders also require a Portuguese bank account for direct debits and charges related to the loan. Securing your NIF and opening an account early helps streamline approval and completion.

Check their experience with expats, languages offered, and recent client reviews focused on responsiveness, clarity, and successful completions. Ask how many local banks they work with and request sample comparisons showing APRC and total costs. A quality broker will outline timelines, risks, and next steps in writing.

Yes—lenders will usually average income over recent tax years and request additional documents such as accountant letters, SA-style returns, and business bank statements. Strong, consistent earnings and lower existing debt improve approval chances. Be prepared for longer underwriting and a slightly larger deposit requirement.

Beyond the deposit and repayments, budget for property transfer tax (IMT), stamp duty, valuation, notary and registration, building insurance, and any legal work. Total purchase costs commonly reach several percent of the price. Your broker can help estimate timelines and which costs are payable at each stage.