J K Mortgages
I have an in-depth knowledge of the Portuguese banking system and have created some invaluable/excellent contacts. I speak Dutch, English and Portuguese and communicate well in each language. I am licensed by the Bank of Portugal & Bank of Spain to operate as a mortgage advisor, I have passed both mortgage broker exams (a legal requirement to give mortgage advice in Spain & Portugal). I can also help out with any insurance needs for Portugal.
About Mortgages in Portugal
How to approach your mortgage in Portugal? I first start by assessing your financial profile to study your possibilities. This is free of charge and without any obligation. We can base the application on your current income profile (employed, self-employed or rental income). If you do not pay Portuguese taxes already (non-residents), the maximum loan size is usually 70% and in very special circumstances 80%. You will also need funds to cover the fees and taxes relating to both the property and the mortgage. We advise allowing a figure of around 10% of the property price to cover these. Banks usually lend up to the age of 75 or with a maximum of a 30-year term (whichever is first).
In Portugal there is only one mortgage product which is annuity mortgage (or capital and repayment). There are 3 different rates to choose from, fully variable, fully fixed or hybrid (where you will start with a fixed rate and after receive a variable term. The rates are always conditioned to the Euribor, and banks do not reserve them until 2 weeks prior to completion.
For any mortgage related queries, please don’t hesitate to get in touch. I look forward to helping you to fulfil your dream of owning a house in the sun! You can book a meeting with me here.
Testimonials
“Jerremy provided us with excellent guidance throughout the entire process of buying our house in the Algarve. Jerremy did a lot for us. He also played an important role during the signing of the deed. It was super nice for us that he was our interpreter from Portuguese into Dutch. We entered an adventure without knowing how to act. Thanks to Jerremy, we succeeded!!! Reliable, alert, knowledgeable and above all tenacious. We warmly recommend Jerremy Klingers to anyone who is going to buy a house in the Algarve in Portugal.” Heiko & Rita Tiggelaar
“Jerremy was great! Professional throughout the entire process and extremely helpful with additional questions or information needed. Definitely worth it”. Jean Maes
More about me…
I am the very happy owner of a dog and two cats and live in the sunny Algarve since 2019 after emigrating from the Netherlands, where I was born and raised. Spain and Portugal have many similarities and are both very beautiful. In my opinion either country would be a good choice for your new sunny holiday home or main residence.
