Mortgage Sorter
Recommended UK Mortgages

HomeWhich Mortgage?First Time BuyersRemortgagesBad CreditGet a Quote Now
Full Mortgages Guide Home Buying Guide Mortgage TIPS Home Insurance SEARCH Site All UK Mortgage Types

 

Things To Consider Before Buying In Portugal


Although the process of buying a property in Portugal is well-regulated, there are a number of things you need to be aware of when making your plans.

The dimensions of a property are often given in square feet/metres in Portugal - when comparing properties, make sure you check whether this includes outside areas such as patios or not.

Even if you are not planning to live in Portugal, you will need a Portuguese tax code and a correspondence address in Portugal - although this can just be a solicitor or estate agent's office. You can get a tax code from the local tax office in the area where you are buying and you will automatically be given one if you open a Portuguese bank account - which may be necessary for a Portuguese mortgage.

Be aware of the differences between urban and rural (Rustica) properties. Additional documentation (known as Caderneta Rustica) is required for rural properties, providing a more detailed description of the exact scope of the property (some areas of Portugal are still very rural).


Glossary of Key X Terms

Caderneta Perdial - Property Tax Document

Caderneta Rustica - Tax document providing an exact description of a property - rustic properties only

Certidao de Teor - Property Registration Document

Contrato Promessa de Compra e Verda - Preliminary contract of sale

Conservatoria do Registo Predial Notario - Land Registry

Escritura de Compra e Venda - Final deed of sale

IMOPPI - organisation to which all licensed Portuguese estate agents belong. Operates a professional code of conduct

Instituto dos Mercados de Obras Públicas e Particulares e do Imobiliário -see IMOPPI

IMT - Property Transfer Tax, payable at or before completion of sale

Imposto Municipal Sobre Transmissao Onerosa de Imoveis - see IMT

Licenca de Utilizacao - Usage License for a property

Mediador Autorizado - Licensed real estate agent

Notario - Notary Public - a solicitor responsible for conducting the sale of property

Numero Fiscal de Contribuinte - Portuguese tax code needed to purchase a property

Procurcao Publica - Power of Attorney - this can be issued by a Notario and allows an appointed representative to act for you in the purchase of a property

Registo - Property registration document

Rustica - A designation applied to properties in very rural areas.

 

Read On

Introduction

Buying A Property In Portugal - 5 Easy Steps

Should I Get A UK or Portuguese Mortgage?

Getting A Mortgage In Portugal

Other Things To Consider Before Buying In Portugal

Glossary of Key X Terms

 

Buying Overseas Property and Mortgages


 


Get a custom rate and see
how much you could save by
filling out this quick form
below.

It's a FREE, no-obligation service.

Value of Property
£
 (eg 159000)
Borrow How Much?
£
 (eg 125000)
 Your Morgage Type
   











Browse over 200 Free Mortgage Tips

Your Complete Guide to UK Mortgages
Find Out How to Win the Race to Buy Your Home - Home Buyers Guide
How to Sell Your Home
Learn How to Save ££s by Remortgaging
Read the Insider Info on Home Insurance
Best Buy UK Mortgage Tables
UK Mortgage Calculators
First Time Buyers
Self Employed Mortgages
Bad Credit Mortgages
Overseas Mortgages
Common Questions / FAQs
Mortgage Definitions
Mortgage Lenders UK List
LATEST MORTAGE UK NEWS

Site Help

About Us
Your Privacy
Contact Us
HELP
Mortgage Guide Site Map
Tip Our Charity






Social Bookmark Us (Please ;-))
























 

 

 

 

 

FREE MORTGAGE QUOTES
Call 0845 22 33 112
or Apply Online Fast and Easy
 
Great Selection of
UK Mortgage
CALCULATORS

Click here
  
See Today's Latest
Mortgages
BEST BUY TABLES

Click here