Obtaining a mortgage in Portugal in Euros will probably give you the best interest rate for your mortgage, however it is often easier to raise the money in the UK (or your home country) and then purchase the Portuguese property outright. If you wish to raise a Euro mortgage, Barclays Bank have a strong presence in Portugal, and you have the re-assurance of a familiar brand. You can also consult with our local agents and they will help you with the various options on acquiring the best solution for each individual case.
Don't forget that Portugal has a tax called IMT which is similar to the Stamp Duty Tax in the UK. Add approximately 7% to 8% to the purchase price to give you an indication of what you might expect to pay IN TOTAL, including legal fees, transfer fees and taxes.
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