One of the key issues when purchasing a property abroad are the finance options. Unless you are a cash buyer, there will probably be two sources open to you;
1. Releasing Equity from a property you own here in the UK
2. Acquire a mortgage with a lender overseas on the overseas property
Favourites Finance Ltd can source and arrange the finance for the purchase of property overseas, in a variety of countries.
Portuguese Property Purchases a Specialty
Favourites Finance Ltd can assist purchasing property in Portugal making the whole process simple. We have a sister company, Favourites Property Ltd with Portuguese representation and can advise on the financial and legal aspects of your purchase. We can arrange inspection trips to Portugal for you. Our Central Algarve office is on hand to find the right property for you.
As with UK purchases it is advisable to instruct the services of an Attorney to represent your interests when purchasing in Portugal. Those who try to go it alone in order to save money will very often encounter extra work. We have a dedicated panel of solicitors both in the UK and Portugal who will deal with all of the legal aspects of your purchase.
We can also manage your property for you once you have completed your purchase if you want to use it as an income stream for the future.
This activity may not be regulated by the Financial Services Authority.