Join Nick Smith as he sits down with Alejandro, a seasoned mortgage broker, to unravel the intricacies of securing a mortgage in Portugal. Alejandro shares his wealth of experience, offering valuable insights into why using a broker can be more advantageous than going directly to a bank.

The conversation delves into the unique challenges non-residents face, the essential documentation required, and the exciting possibilities of financing land and construction projects.

With a touch of humor and plenty of practical advice, this episode is a must-listen for anyone considering a move to Portugal.

Chapters

00:00 Introduction

00:48 Alejandro's introduction and company overview

01:30 Why a Broker over a Bank?

04:42 Specificities for self-employed professionals and business owners

05:28 How many banks are there in Portugal (and how to choose the best)?

06:26 The process for foreign people: paperwork needed

10:59 Pre-approved mortgage amount

16:07 Duration of the process

17:52 The valuation of the property

20:40 Risk assessment

24:18 After the approval

26:09 Spread and mixed rates

28:41 Representation in opening the bank account

32:13 The next steps: possible scenarios

41:57 Conclusion

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