Purpose
Purchase of a property in Portugal by non-resident citizens for use as a main residence and second home.
Max. Finance
Up to 70% of the house purchase value, according to applicant’s profile and guarantees provided. Maximum loan amount of 3,000,000€.
Mortgage Term
Minimum of 7 years and maximum of 30 years. Up to 75 years (limit age of the oldest applicant at the end of the loan).
Interest Rate
Two interest rate options: Mixed interest rate of 5 years (agreed with UCI at the moment of signing and without addition of margin) or indexed to Variable interest rate (Euribor six-month) plus margin. Margin is defined according to the loan terms.
APR Mixed Rate (5 years-Fixed Rate) of 2.435%.
Financing example for a Mixed Rate Mortgage (5 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150.000.00 and a mortgage term of 360 months, corresponding to 60 monthly repayments of €366.63 and 300 monthly repayments of €360,83. Loan with fixed Nominal Annual Percentage Rate of 1.940%, in the first 5 years, in force in July 2022. In the following periods, the loan is indexed to Euribor for 6 months (0.162%), in force in July 2022, plus a spread of 1.640%, resulting in a variable Nominal Annual Percentage Rate of 2.435%, rounded to the thousandth. Total or partial early repayment fee of 2% on the repaid capital in the fixed rate periods and 0.5% in the variable rate periods. Total amount payable by the consumer of €139.553,76. Total credit cost of €39.553,76.
Financing example for two 30-year-old holders. It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).
APR Variable Rate of 2.296%.
Financing example for a Variable Rate Mortgage, for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 360 monthly repayments of €359.80. Loan indexed to Euribor for 6 months (0.162%), in force in July 2022, plus a spread of 1.640%, resulting in a variable Nominal Annual Percentage Rate of 1.802%, rounded to the thousandth. Total or partial early repayment fee of 0.5 % on the repaid capital. Total amount payable by the consumer of €137.095,18. Total credit cost of €37.095,18.
Financing example for two 30-year-old holders. It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €312.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).
Find out more at UCI – Unión de Créditos Inmobiliários, S.A., Establecimiento Financiero de Crédito (Sociedad Unipersonal) – Sucursal em Portugal, lender entity registered with the Bank of Portugal under code 403 as a credit institution. The UCI home loan solution is a credit agreement secured by mortgage. This information is not considered an offer of financial conditions nor a substitute for fully reading the conditions of the product. These conditions are valid for agreements signed under the Home Loan scheme. If the loan is granted in a foreign currency, the instalments may increase according to the applicable exchange rate fluctuations. APR calculated according to Decree-Law No. 74 A/2017, of 23 June. Information updated on 01 July 2022.