Mortgage loans in Portugal

Dreaming of a property in Portugal? We can help you with a mortgage loan.
- Handelsbanken

Let's make your dream come true

Buying a property in Portugal is different from the way things work in Sweden or Norway. We have long experience of the Portuguese housing market and will help you get started. Through our established collaborations with local lawyers and valuers, we'll be able to provide contacts and professional advice throughout the entire mortgage process.


Mortgage loan in Portugal

For private individuals, our offering includes mortgage loans to buy a property, renovate an existing property, or re-financing of an existing mortgage loan. Your mortgage loan will be registered with Handelsbanken Luxembourg, with the property in Portugal as collateral. Unlike Portuguese banks, we don't require life insurance for those who wish to borrow money.
In order for us to be able to assist you, you'll need to be a customer with Handelsbanken in Sweden or Norway. If you’re not already a customer, we can help you establish contact with one of our home branches.

This is how it works – step by step

  1. Apply for a committed loan offer at your Handelsbanken branch in Sweden or Norway. 
  2. Once the committed loan offer has been approved, contact us at Handelsbanken Luxembourg. 
  3. The notary draws up a preliminary sales agreement.
  4. We arrange a valuation of the property.
  5. Handelsbanken verifies the valuation, approves the credit, together with your branch in Sweden or Norway, and sets the terms and conditions.  
  6. You will need to open an EUR account and fill in a direct debit mandate in order for the quarterly payments to go through. (Your branch in Sweden or Norway will help you with this if you don’t already have one.)
  7. We will send you the loan documents for signing.
  8. We will pay out the loan directly to the Bank's collaboration lawyer approximately one week before the completion date.
  9. Completion takes place at the notary's office.
The Portuguese mortgage process with us in Luxembourg normally takes 6-8 weeks, but the total buying process normally takes up to 2-3 months.

Some facts regarding mortgage loans in Portugal

partner looking at apartment -
  • Minimum mortgage amount: EUR 100,000
  • Term: 10-25 years (the loan must be repaid by the year you turn 80 at the latest)
  • Straight repayment
  • Loan-to-value ratio: 60-75 per cent of the lower value of the purchase price or the valuation
  • Interest rate: Based on Euribor floating 3-month rate with an interest rate floor of 0% plus the Bank’s margin 
  • All the buyers must be borrowers 
  • The property must be valued by a valuer that has been approved by Handelsbanken. You are responsible for the valuation costs.
  • Arrangement fee: EUR 2,500

How can we help?

customer service

Do you have questions or would like to apply for a mortgage in France, Portugal or Spain? Contact us at the Mortgage Banking Desk for more information. We can assist you in the following languages: Swedish, French, English, German and Spanish.

Mortgage Banking Desk
Tel: +352 274 86 41 22

Åsa Starfelt, Head of Mortgage Desk:
Tel: +352 274 86 83 61