		Overseas Property Investment Forum - The Totally Property Overseas Real Estate Forum > European property > Portugal property
Mortgage Regulations In Portugal

Portugal property Investing in Portugal property? Discuss topics like return on investment, latest hotspots, price progression, taxation, rental and management and more

Mortgage Regulations In Portugal

Thread Tools

11-05-2008, 10:36 PM

DrQ

Active Member

Join Date: May 2007

Posts: 21

Mortgage Regulations In Portugal

I am in the market for a mortgage in order to buy a property in the Algarve. I have recently read a couple of reports about people who purchased in Spain and subsequently defaulted on mortgage repayments. According to Spanish regulations the banks can pursue outstanding mortgage related debts against assets in the UK. As I understand it this differs to the UK where lenders are only able to seize the property itself that the mortgage was taken out to purchase.

Does anyone know how Portuguese law works here?

Regards

Sponsored Links

« Real Estate future thoughts? | Average build cost? »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Non resident mortgage for Berlin, Germany	Charlie	German property	14	16-05-2008 10:18 AM
move in to portugal	EHV	Portugal property	5	28-01-2008 02:08 PM
Interest only 9.9% mortgage in Bulgaria ?	TrumpTowers	Buy-to-let property	5	10-09-2007 01:18 PM
National & International Mortgage Solutions	OFS Spain	Spanish property	0	05-05-2007 08:56 PM
I give FREE Independent Mortgage Advice?	nathan	UK property	1	01-09-2006 06:56 AM

LEGAL NOTICE

By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.

FORUM PARTNERS

Totally Property is owned and operated by the MoveForward.com Limited group. You can find out more about us here. We also run the Expat Forum, an ideal community for people moving overseas and looking for jobs abroad. Keep a look out for some up coming ventures like: The Dubai Forum for everything about Dubai. The Income Forum for everything financial.