Last time, we discussed with Elena how residency makes mortgages more accessible: lower down payments, longer terms, and more flexibility. Now let’s go through the fees, taxes, and timeline that residents should expect.
Q: What are the main costs involved when buying with a mortgage in Portugal?
You’ll typically need to budget for:
– 0.6% stamp duty.
– IMT (property transfer tax), which varies by price and type of property.
– Notary and registration fees, usually €1,000–2,000.
– Bank fees for appraisal and loan setup.
Q: And how long does the whole process usually take?
From mortgage pre-approval to keys in your hand, the process takes about 2–3 months. Having documents in order can speed things up considerably.
Q: For many people, these steps sound overwhelming. How do you make it easier?
This is exactly where RelyOn Relocation®️ steps in. We:
– Help prepare and translate documents correctly.
– Liaise with banks to avoid delays.
– Provide cost breakdowns so there are no surprises.
Clients often tell us they felt calmer once they had us coordinating the process — so they could focus on choosing the right property, not paperwork.
With residency, mortgages in Portugal are not just possible — they’re structured, accessible, and manageable with the right guidance.
And if you don’t have residency yet? Our other series shows you how non-residents can still secure financing and begin their journey to property ownership.
Book your consultation with RelyOn Relocation®️ today — the first step toward owning your home in Portugal with clarity and confidence.
