Mastering Mortgages in Portugal - Insider Tips with Alejandro

Join Nick Smith as he sits down with Alejandro, a seasoned mortgage broker, to unravel the intricacies of securing a mortgage in Portugal. Alejandro shares his wealth of experience, offering valuable insights into why using a broker can be more advantageous than going directly to a bank. The conversation delves into the unique challenges non-residents face, the essential documentation required, and the exciting possibilities of financing land and construction projects. With a touch of humor and plenty of practical advice, this episode is a must-listen for anyone considering a move to Portugal. Chapters 00:00 Introduction 00:48 Alejandro's introduction and company overview 01:30 Why a Broker over a Bank? 04:42 Specificities for self-employed professionals and business owners 05:28 How many banks are there in Portugal (and how to choose the best)? 06:26 The process for foreign people: paperwork needed 10:59 Pre-approved mortgage amount 16:07 Duration of the process 17:52 The valuation of the property 20:40 Risk assessment 24:18 After the approval 26:09 Spread and mixed rates 28:41 Representation in opening the bank account 32:13 The next steps: possible scenarios 41:57 Conclusion ➣ CONTACT US for relocation assistance Get on a free discovery call and we can outline how we can work with you. https://www.algarveaddicts.com/contact