Barclays Mortgage for International Clients
The easyest way to buy your house in Portugal.
If you are looking for nice weather and sandy beaches, excellent food, tradition/modernity, lifestyle, moving to Portugal to live or just for holiday may be an exciting and challenging experience. Language barriers, local customs and legal procedures can create frustration. However, Barclays can help you.
Should you decide buying a house in Portugal or buying a property and building your own home, Barclays can make things easier by providing the necessary finance.
Buying a home is one of the most important investment decisions in one’s life. Bearing in mind the needs felt by those who are thinking about a new home in a foreign country, Barclays designed Barclays Mortgage for International Clients.
A mortgage product for International Clients in Portugal offering a number of benefits with the right solution at the right time, in a way that suits you best and under the following purposes: Main residence and 2nd home; building your home; home improvements.
Interest Rate: Euribor 3, 6 or 12 M + 2,50%(1)
Barclays finances up to 70% of the appraised value of the home, with a minimum amount of 50,000 Euros.
- Interest Rate: From Euribor 3, 6 or 12 M + 2,50%(1) throughout the term of the loan.
- Arrangement Fee: 0,5% (minimum of 240 Euros + Stamp Duty).
- Valuation Fee: 320€ + Stamp Duty.
- Maximum amount of the loan: 70% of the appraised value of the home.
- Maximum Term: 30 years (must not exceed the age of 75 at the end of the term or 80 with subscription of Life Insurance).
Barclays Re-Mortgage Campaign
Following Re-Mortgage Campaign conditions, Barclays reimburses costs(2) up to 2% of mortgage amount approved, considering the:
- Subscription of Barclays Portugal Solutions Pack;
- Domiciliation of 2 utility bills payment
Access Conditions:
- Amount >= 150.000€
- Term > = 15 Years
Subscribe the Portugal Solution and Domiciliation of two Domestic Payments at Barclays.
(1)Example for a 2nd Home Acquisition in Portugal and considering Client interest in subscribing Products / Services at Barclays (representing a minimum sum of 0,3%).
(2)Costs: Barclays Fees (Arrangement Fee on Mortgage and Arrangement Fee on Home Equity), Evaluation Fee, and taxes. Notary Fees. Registration Fees. Re-Mortgage Expenses. Document’s and Legal expenses.
Considering that the whole process of buying a house in a different country can vary greatly between countries and therefore knowing how important it is to receive good advice and individual attention, your relationship manager is at your disposal to give you fair, efficient and friendly advice. |
