EN
PTEN
FRThe Different Phases of the Mortgage Process
Buying in Portugal through financing requires a good understanding of how it works. Discover the different stages of the mortgage process and buy with more knowledge and confidence.
A Simple and Guided Process
At CAFIMO, we guide you through the entire mortgage process from start to finish. Discover the 12 steps that separate you from your new home.
The 12 Steps of the Process
Complete guidance at every stage
Free study of your project
CAFIMO gives you the possibility to carry out the study of your project online and completely free of charge.
Discovery meeting
After making your request through our contact form or our simulator, CAFIMO will contact you within 24 hours to analyze your project, your situation, and provide you with the necessary tools for your project in Portugal.
Document collection
Each meeting with our clients is personalized, so after our meeting, we will send you a complete list of documents needed to prepare your financing process.
Preparation of your file
Our team will prepare your file so that it can be presented to the bank, with the aim of obtaining the best possible financing conditions for your project.
Presentation to the bank
Your file will be presented to the bank for a pre-approval of the financing conditions, thus ensuring the viability of your project.
Bank pre-agreement
Bank pre-agreements will be obtained and presented based on the conditions discussed during the discovery meeting. You can then choose the bank that best suits your needs.
Bank account opening
After your choice, it will be necessary to open a bank account at the selected institution to continue the financing process.
Property valuation
Each financing request requires the valuation of the associated property. As the bank uses the property as collateral, it is essential to ensure that the property value corresponds to the acquisition price.
Final bank agreement
If the property valuation is adequate in relation to the acquisition price, the bank will issue the final agreement with the definitive conditions.
Notarial deed preparation
After the issuance of the final agreement, CAFIMO teams will work together with the notary, lawyers, bank and the selling party to prepare the notarial deed.
Deed signing
The deed will be organized and signed at the notary office, formalizing the transfer of property in accordance with the previously agreed conditions.
You are a homeowner!
Congratulations! From now on, you are officially the proud owner of a property in Portugal.
What CAFIMO Handles For You
We simplify the entire process so you can focus on what matters: finding your ideal home.
We Work With the Best Banks
What documents are required?
Passport or Identity Card, Portuguese Tax Identification Number (NIF), latest tax declaration, proof of savings, bank statements, employment contract and payslips or any document that can justify your professional activity.
What are the deed costs in Portugal?
Notarial costs range between 5% and 10% of the purchase price in Portugal. They include IMT (Municipal Property Transfer Tax), IS (Stamp Duty, 0.8% of the purchase price), ISUC (Stamp Duty on Credit Use, 0.6% of the financed amount) and bank and notary costs of approximately €1,500 to €2,000.
What down payment is needed to buy in Portugal?
Buying in Portugal requires a minimum of 10% down payment in addition to acquisition costs.
I don't speak Portuguese, is that a problem?
Absolutely not, CAFIMO has teams of intermediaries who speak French, English, Portuguese, Spanish.
I live abroad, can I still buy?
Absolutely, living abroad is not a restriction. CAFIMO has financed over 1,000 projects in 5 years, including more than 400 for foreign clients.
Which bank to choose to buy in Portugal?
Each bank has its own characteristics. We work notably with: Crédito Agrícola, Novo Banco, CGD – Caixa Geral de Depósitos, Banco BPI, Bankinter, Eurobic, Santander, BancoCTT, Abanca, UCI, among others.
Ready to Take the First Step?
Contact Us
+351 210 522 222
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