Banif Mortgage Loans for Foreign Property Buyers - the easiest way to buy your house in Portugal

Thinking for those interested in buying a property in Portugal, Banif - Banco Internacional do Funchal provides mortgages for non-residents. We have a wide variety of options, both from a financial point of view as well as regarding purposes: acquisition, construction, stage payments for specified developments, equity release and remortgages.

Banif was one of the first Banks in Portugal to offer a vast range of banking facilities and products developed exclusively for foreign clients wishing to purchase permanent or holiday homes in Portugal.

A unique new structure has been created by Banif specializing in mortgage loans for non-residents aiming to provide the best service to foreign clients acquiring a house in Portugal, certainly a pioneer in this concept.

Why choose Banif Mortage Loans?

• One of the first Banks in Portugal to launch a range of mortgage loans specially designed for non-residents.
  
• A wide variety of options from a financial point of view and mortgage solutions.
  
• Highly competitive rates.
  
• A representative Office in London.
  
• Personalized service provided by our team of specialists in this field.
  
• Recognized for high service standards within Banking Industry.

Our offer...

Common Characteristics

Some characteristics are common to all types of loans:
- loans available in euros;
- interest rates are variable and correspond to Euribor (3 or 6 months) plus a very competitive spread that varies according to the type of loan and the LTV;
- installments are due monthly;
- Highly competitive spreads.
- Life insurance is recommended but not mandatory for LTV´s under 80%.
- Building insurance is required.

The LTV (loan to value ratio) is a key feature of all mortgage lending. It is calculated dividing the loan amount by the valuation of the property.

Our Products as you need...