Each case can be different, and banks may request more or less documentation in a home loan application process. Find out here the main documents requested by the Portuguese banks. General Portuguese Tax Number Copy of ID Card(s) or Passport(s) Proof of Address (i.e. utility bill) Bank statements for the last 6 months (current & savings accounts) Credit Report (for some...
Finances
If you are looking to buy a property in Portugal and want to request a bank loan, you might have heard about credit intermediaries. What’s their role? We’ll explain. The Credit Intermediary isn’t a bank. It is a natural or legal person, duly authorized and registered with the Bank of Portugal (BdP), that can mediate the financing process between the client and the bank. They are not...
Bureaucracy exists almost everywhere, right? Portugal is no different, and there are some requirements if you are going to buy a property in this country. We’ll explain. 1 – First, you need to have a Portugal taxpayer number, commonly known as NIF (Fiscal Identification Number). 2 – The second step is to open a local bank account. 3 – If you are requesting a bank loan, the bank will...