&lt;p&gt;Many of us dream of owning a property in a beautiful location in Portugal, but may need help with financing in order to purchase the property. That is where Ideal Homes Mortgages steps in to assist and ensure the process is as easy and quick as possible.&lt;/p&gt;
&lt;p&gt;Did you know that you can purchase a property in Portugal and apply for a mortgage of up to 80%?&lt;/p&gt;
&lt;p&gt;Yes that&#39;s right, 80%!&lt;/p&gt;
&lt;p&gt;The banks in Portugal will provide a mortgage with a minimum 20% deposit at a rate of approximately 0.8%.&lt;/p&gt;
&lt;p&gt;&lt;em&gt;&lt;strong&gt;How is this possible?&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;
&lt;p&gt;With the rates at the European Central Bank (Eurobar) at an all time low, banks in Portugal are able to borrow money at a negative rate. This enables them to provide mortgages at rates that have never been seen. The mortgage team is currently achieving rates of around 0.8 to 0.9% for clients and have even been able to obtain rates of 0.48%.&lt;/p&gt;
&lt;p&gt;Being overseas is not an obstacle anymore, so you can also benefit from these amazing rates and take advantage of the opportunity to finance your home if you are not in Portugal.&lt;/p&gt;
&lt;p&gt;The mortgage team deals with all the major banks in Portugal and they have helped over 80% of Ideal Homes Portugal clients obtain mortgages.&lt;/p&gt;
&lt;p&gt;&lt;em&gt;&lt;strong&gt;What is the process?&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;
&lt;p&gt;The team starts by getting you a pre-approval and a notion of what your monthly installments will be. If you have not found a property yet and are just looking to see what your budget will be, they can also assist you in this regard.&lt;/p&gt;
&lt;p&gt;To start the process you will be sent an enquiry form that you need to complete and return in order to obtain a pre-approval.&lt;/p&gt;
&lt;p&gt;&lt;em&gt;What documents do I need when I apply for a mortgage?&lt;/em&gt;&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;Passport Copy&lt;/li&gt;
&lt;li&gt;Payslips (Latest 3 months)&lt;/li&gt;
&lt;li&gt;Bank Statements (Latest 3 months)&lt;/li&gt;
&lt;li&gt;Credit Report&lt;/li&gt;
&lt;li&gt;Tax Returns (Maximum 3 years)&lt;/li&gt;
&lt;li&gt;Pension Letter, if applicable&lt;/li&gt;
&lt;li&gt;Reference Letter (Stating that you are employed on a permanent basis)&lt;/li&gt;
&lt;li&gt;NIF (Portuguese Tax Number)&lt;/li&gt;
&lt;/ul&gt;
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&lt;p&gt;So, what are you waiting for?&lt;/p&gt;
&lt;p&gt;For your FREE consultation, get in touch with the experts on &lt;a rel=&quot;noopener&quot; href=&quot;https://www.idealhomesportugal.com/admin_idh/news/update/info@idealhomesmortgages.com&quot; target=&quot;_blank&quot;&gt;info@idealhomesmortgages.com&lt;/a&gt; or give them a call on +351 289 513 434&lt;/p&gt;

80% mortgages available in Portugal

Low mortgage interest rates proving very attractive to Portugal investors.