Mortgages in Portugal
Non-Residents

Mortgages in Portugal for Non-Residents

With UCI mortgage solutions for Non-Residents, buying a property in Portugal is now very simple, convenient and secure.

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Thinking of buying a property in Portugal?

Close your eyes. Imagine yourself on a late afternoon strolling along the beach, or on a sunny day in the Douro wine region enjoying a good glass of wine. Now imagine that you could do this whenever you wanted.

Stop imagining! Buy your property in Portugal with UCI mortgage solutions for Non-Residents and make your dream of living in Portugal come truth.

We are specialists in mortgage solutions in Portugal

  • Why choose UCI?

    We are a mortgage company, authorised by the Bank of Portugal. With over 20 years of experience, we make the mortgage process in Portugal much simpler, convenient and secure.

  • How can we help you?

    As mortgage experts, we offer you the mortgage that best suits you. Whether you want to build your house from scratch or buy a new one, we have the right mortgage for you.

  • Speak with us!

    Our financial experts will help you through all the phases of the buying process, helping you clarify any doubts you may have. If you want to finance your home in Portugal, get the best advice.

Choose your mortgage rate

Our financial experts will help you select the type of interest rate that best suits your needs.

UCI Mortgages characteristics

  • Purchase of a property in Portugal by non-resident citizens for use as a main residence and second home.

  • Up to 70% of the house purchase value, according to applicant’s profile and guarantees provided. Maximum loan amount of 3,000,000€.

  • Variable interest rate - Constant monthly payments with 6-month rate revision.

    Mixed interest rate - Pay the same during the fixed interest rate period. After the fixed rate period, the loan becomes effective with constant monthly payments with Euribor 6 months.

    Fixed interest rate - Pay the same amount from the beginning to the end of the mortgage term.

  • Minimum of 7 years and maximum of 30 years. Up to 75 years (limit age of the oldest applicant at the end of the loan).

  • Variable interest rate - Variable interest rate (Euribor six-month) plus margin. Margin is defined according to the loan terms.

    Mixed interest rate of 5, 10 or 15 years (agreed with UCI at the moment of signing and without addition of margin). After the fixed rate period, the loan becomes effective with constant monthly payments with Euribor 6 months. Margin is defined according to the loan terms.

    Fixed interest rate - Fixed interest rate of 10 or 15 years (agreed with UCI at the moment of signing and without addition of margin).

  • Opening fee of €312.00 (taxes included).
    Administrative and contract fees of €416.00 (taxes included).
    Property valuation fee of €221.00 (taxes included).
    Solicitor services of €389.48 (taxes included).

  • Mortgage solution exclusive for non-resident citizens.

  • Commission suspended until the 31st of December, 2024, in accordance with article 7 of the Decree-Law no. 80-A/2022 of 25 November.

    This suspension applies to loan agreements for the purchase or construction of a permanent home, covered by the Decree-Law no. 74-A/2017 of 23 June, regardless of the amount outstanding, whenever the early repayment occurs during the variable rate period.

How does it work?

1

Contact us
Start your mortgage online, use our contact form or visit us to start your UCI mortgage request.

2

We study your case
A mortgage specialist will get in touch to learn more about your home buying project and to clarify your doubts.

3

We give you a mortgage decision
With the required documentation, our team of mortgage specialists analyzes the mortgage request and provide a quick response.

4

We are with you from start to finish
Once we found the right solution for you, we will go with you till the deed, helping you on every step of buying process.

UCI key features

  • Mortgage experts
    Mortgage experts.
  • More than 30 years of experience
    More than 30 years of experience.
  • Trust and transparency
    Trust and transparency.
  • Fixed, Variable and Mixed Rate Mortgages
    Fixed, Variable and Mixed Rate Mortgages.
  • Finance up to 70% of the house purchase value
    Finance up to 70% of the house purchase value.
  • A repayment term of up to 30 years
    A repayment term of up to 30 years.
  • Highly experienced and qualified staff in mortgages for Non-Residents
    Highly experienced and qualified staff in mortgages for Non-Residents.
  • Fast and efficient mortgage approval
    Fast and efficient mortgage approval.
  • Specialized support at all stages of the process.
    Personal advice through all the phases of the buying process.

Frequently asked questions about Mortgages in Portugal

  • Nationality can influence loan conditions because the credit profile of a foreign citizen may be considered higher risk, compared to national citizens. Although, the conditions for contracting a mortgage in Portugal for Non-Residents citizens are usually determined by:

    • ✓ Economic profile of customers.
    • ✓ Characteristics of the property.
    • ✓ Financing policy.

  • Financial conditions for Non-Residents are like national citizens, however there may be small differences in some aspects of the risk analysis, particularly those related to the documentation required for the loan application.

  • Yes, it is possible to buy a property in Portugal (and obtain the financing) if you are not a resident and even manage the process remotely.

  • In terms of financing solutions at UCI, both variable rate options (based on the Euribor index plus spread) and fixed rate options are available for non-residents. The fixed interest rate makes possible that the monthly payments remain constant over a certain period or even throughout the duration of the loan.

  • At UCI, the maximum mortgage term for Non-Residents is 30 years, depending on the age of the applicants and up to a limit of 75 years of age at the end of the contract.

  • It may vary depending on the customer profile. In the case of Non-Residents, the maximum financing amount is 70% of the purchase price. Therefore, ultimately, an investment of between 30% and 40% of equity may be required when purchasing the property.

  • The maximum debt limit on credit for Non-Residents is, in general, up to 40% of the monthly income.

  • At UCI, there is no need to translate documents and most of the documents may be in the original language.

  • In Portugal, it is mandatory by law to take out insurance against the risk of fire for the building. It is also recommended to take out appropriate Life Insurance. At UCI you will find a wide range of insurance complementary to the mortgage loan.

Useful links

Learn more about mortgages in Portugal. Check out our useful resources and tools and learn more about the home buying process and financing in Portugal.

Required documents for mortgages in Portugal

    • ✓ Passport or identification document.
    • ✓ A Portuguese Tax Identification Number (TIN) (NIF, Número de Identificação Fiscal).
    • ✓ Report on credit liabilities of your country of residence.
    • ✓ Tax income declaration.
    • ✓ Evidence of savings and other income.
    • ✓ Bank statements from the last 6 months proving income.
    • ✓ Supporting documents of payment of the last 6 months of other loans.
    • ✓ Last 3 pay slips or proof of other income received on a regular basis.
    • ✓ Employer’s letter specifying applicant’s type of employment, length of service and gross annual income.
    • ✓ Balance sheet and last Income Tax Return.
    • ✓ Accountant references and Balance sheets/income statements.
    • ✓ Bank references and details.
    • ✓ Last year annual pension statement.
    • ✓ Income Tax Return, if applicable.
    • ✓ Copy of the Promissory Contract Detailing the conditions of Sale.
    • ✓ Deed or “Nota Simples” (land register extract) of the purchased property.

Information for non-residents

  • Start House-Hunting

    If you haven’t yet found a house, you can contact Real Estate Agents who will help you through the process and find the appropriated properties. You can also look for properties in specialized web sites and magazines or contact property developers.

  • Making an Offer

    If you are interested in a property, make an offer directly to the real estate agent or seller. If it is accepted, you must make a down payment and sign the deposit or reservation contract.

  • Professional Help and Advice

    We know how important it is to be advised by professionals. That’s why our team is always there for you. At this stage we can help you understand what financing solutions are available and how we can make your dream of buying a property in Portugal a reality.

  • Applying for your Mortgage

    UCI wants to help you have a pleasant experience when buying a house in Portugal. As a specialist in mortgages in Portugal, UCI offers you fast and efficient service, mortgage solutions tailored to your needs and practical advice regarding the Portuguese reality. We make it easy, convenient and safe.

  • Arranging House Valuation

    The house valuation is a very important stage of the buying process because it can influence the amount of the finance, and because it helps you guarantee that the purchase price is adequate (an authorized surveyor will check that the purchase price is adequate).

  • Checking the House Background

    Before formalising the purchase, some legal information related to the property should be checked to safeguard the operation. During this process, UCI team of professional solicitors will conduct all searches and verifications, will obtain all necessary documentation, and make sure everything is in order.

  • Buyer Costs & Fees

    You must consider the following costs and fees: ✓ House valuation fees. ✓ Land register fees. ✓ Notary fees. ✓ Solicitors fees.

  • Taxes

    When buying a property in Portugal, consider the following taxes: ✓ Municipal Property Transfer Tax (IMT) ✓ Stamp Duty Tax on the Acquisition ✓ Stamp Duty Tax on the Loan. ✓ Municipal Property Tax (IMI).

  • Public deed

    The confirmation of the property transaction takes place through the deed of purchase and sale, which is carried out in a register office or in a notary.

Portugal tem muito para oferecer
Product
Why Portugal?

Because Portugal has so much to offer

From the nice sunny weather and warm blue seas, hot sand and the tasty food…

Why experience it only a few days a year when you can have it all year round?

There are so many reasons to live in Portugal

  • Nice and welcoming people
    Nice and welcoming people.
  • Great properties on offer
    Great properties on offer.
  • Nice weather throughout the year
    Nice weather throughout the year.
  • A lot to be discovered right around the corner
    A lot to be discovered right around the corner.
  • Easy and cheap connections to Portugal's major airports
    Easy and cheap connections to Portugal's major airports.
  • Mediterranean diet
    Mediterranean diet.
  • Low cost of living
    Low cost of living.
  • Portugal’s fabulous 17 UNESCO heritage sites
    Portugal’s fabulous 17 UNESCO heritage sites.

CUSTOMER REVIEWS

A mortgage specialist you can trust

Our customers' opinions
4.9/5
+ THAN 5000 OPINIONS

Muito satisfatório o serviço Rápido e eficaz Recomendo Quem se ocupou do nosso processo foi a Senhora ***

SEP 2024

Special thanks to*** at the bank who provided exceptional service throughout the mortgage process She was always helpful kind and patient Her ability to communicate in English made everything smoother and more comfortable for us...

SEP 2024

Estou satisfeito, nota 10 top top. Serviço excelente, muito profissionalismo.

SEP 2024

I received great support from my promoter, ***, who was always helpful and friendly, answering all my questions in a timely manner and communicating every step of the process. Thank you very much.

SEP 2024

Nosso gestor *** foi 5 estrelas, incansável e esteve sempre acessivel e disposto a nos ajudar e esclarecer as duvidas que iam surgindo no decorrer do processo.

SEP 2024

*** (Funchal office) has been super helpful, always quick and meaningful answers. It's essentially her level of client management that moved me from other banks to UCI.

SEP 2024
See more UCI Customer Reviews
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APR Variable Rate of 5.889%.

Financing example for a Variable Rate Mortgage, for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 360 monthly repayments of €540.80. Loan indexed to Euribor for 6 months (3.425%), in force in September 2024, plus a spread of 1.640%, resulting in a variable Nominal Annual Percentage Rate of 5.065%, rounded to the thousandth. Total or partial early repayment fee of 0.5 % on the repaid capital. Total amount payable by the consumer of €207.785,87. Total credit cost of €107.785,87.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 184,31€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

*Commission suspended until the 31st of December, 2024, in accordance with article 7 of the Decree-Law no. 80-A/2022 of 25 November. This suspension applies to loan agreements for the purchase or construction of a permanent home, covered by the Decree-Law no. 74-A/2017 of 23 June, regardless of the amount outstanding, whenever the early repayment occurs during the variable rate period.

APR Mixed Rate (5 years-Fixed Rate) of 5,579%.

Financing example for a Mixed Rate Mortgage (5 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 60 monthly repayments of €494,28 and 300 monthly repayments of €534,63. Loan with fixed Nominal Annual Percentage Rate of 4.290%, in the first 5 years, in force in September 2024. In the following periods, the loan is indexed to Euribor for 6 months (3.425%), in force in September 2024, plus a spread of 1.640%, resulting in a variable Nominal Annual Percentage Rate of 5.065%, rounded to the thousandth. Total or partial early repayment fee of 2% on the repaid capital in the fixed rate periods and 0.5% in the variable rate periods. Total amount payable by the consumer of €203.083,36. Total credit cost of €103.083,36.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 182,29€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

*Commission suspended until the 31st of December, 2024, in accordance with article 7 of the Decree-Law no. 80-A/2022 of 25 November. This suspension applies to loan agreements for the purchase or construction of a permanent home, covered by the Decree-Law no. 74-A/2017 of 23 June, regardless of the amount outstanding, whenever the early repayment occurs during the variable rate period.

APR Mixed Rate (10 years-Fixed Rate) of 5,305%.

Financing example for a Mixed Rate Mortgage (10 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 120 monthly repayments of €500,17 and 240 monthly repayments of €514,21. Loan with fixed Nominal Annual Percentage Rate of 4.390%, in the first 10 years, in force in September 2024. In the following periods, the loan is indexed to Euribor for 6 months (3.425%), in force in September 2024, plus a spread of 1.290%, resulting in a variable Nominal Annual Percentage Rate of 4.715%, rounded to the thousandth. Total or partial early repayment fee of 2% on the repaid capital in the fixed rate periods and 0.5% in the variable rate periods. Total amount payable by the consumer of €196.367,37. Total credit cost of €96.367,37.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 178,98€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

*Commission suspended until the 31st of December, 2024, in accordance with article 7 of the Decree-Law no. 80-A/2022 of 25 November. This suspension applies to loan agreements for the purchase or construction of a permanent home, covered by the Decree-Law no. 74-A/2017 of 23 June, regardless of the amount outstanding, whenever the early repayment occurs during the variable rate period.

APR Mixed Rate (15 years-Fixed Rate) of 5,209%.

Financing example for a Mixed Rate Mortgage (15 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 180 monthly repayments of €500,17 and 180 monthly repayments of €504,37. Loan with fixed Nominal Annual Percentage Rate of 4.390%, in the first 15 years, in force in September 2024. In the following periods, the loan is indexed to Euribor for 6 months (3.425%), in force in September 2024, plus a spread of 1.090%, resulting in a variable Nominal Annual Percentage Rate of 4,515%, rounded to the thousandth. Total or partial early repayment fee of 2% on the repaid capital in the fixed rate periods and 0.5% in the variable rate periods. Total amount payable by the consumer of €193.714,30. Total credit cost of €93.714,30.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 177,62€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

*Commission suspended until the 31st of December, 2024, in accordance with article 7 of the Decree-Law no. 80-A/2022 of 25 November. This suspension applies to loan agreements for the purchase or construction of a permanent home, covered by the Decree-Law no. 74-A/2017 of 23 June, regardless of the amount outstanding, whenever the early repayment occurs during the variable rate period.

APR Fixed Rate (10 years) of 5.445%.

Financing example for a Fixed Rate Mortgage (10 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 120 months, corresponding to 120 monthly repayments of €1.031,09. Loan with fixed Nominal Annual Percentage Rate of 4.390% in force in September 2024. Total or partial early repayment fee of 2% on the repaid capital. Total amount payable by the consumer of €128.379,34. Total credit cost of €28.379,34.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 57,10€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

APR Fixed Rate (15 years) of 5.285%.

Financing example for a Fixed Rate Mortgage (15 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 180 months, corresponding to 180 monthly repayments of €759,38. Loan with fixed Nominal Annual Percentage Rate of 4.390% in force in September 2024. Total or partial early repayment fee of 2% on the repaid capital. Total amount payable by the consumer of €142.739,45. Total credit cost of €42.739,45.

Financing example for two 30-year-old holders. It includes the initial expenses with life insurance for 2 holders of 73,34€ (average annual value), compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416.00 (taxes included), property valuation fee €221.00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).

The UCI Mortgage Loan is a mortgage-secured loan agreement. This information does not constitute a financing offer nor does it exempt the customer from consulting the product's full conditions. Conditions applicable to Mortgage Loan contracts. If the loan is granted in foreign currency, the instalments may increase due to variations in the applicable exchange rate. APR calculated according to Decree-Law no. 74 A/2017, of 23 June. Information updated on 1 September 2024.

For more information, see UCI. Unión de Créditos Inmobiliários, S.A., Estabelecimiento Financiero de Crédito (Sociedad Unipersonal) – Branch in Portugal is a financial institution branch with head office in the European Union registered with Banco de Portugal under number 403 (UNION DE CRÉDITOS INMOBILIÁRIOS, S.A., ESTABLECIMIENTO FINANCIERO DE CREDITO (SOCIEDAD UNIPERSONAL) - BRANCH IN PORTUGAL | Banco de Portugal (bportugal.pt)) which acts in compliance with the principles of legality conferred upon it in terms of advertising and consumer information, namely by Notice no. 10/2008 of Banco de Portugal, which establishes the information and transparency duties to be observed by credit institutions and financial companies on the advertising of financial products and services.

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