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Are you a non-resident looking for a mortgage in Cape Verde?

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Arranging your non-resident mortgage in Cape Verde.

Currently the best mortgage on the market is as follows:-

  • Maximum loan 70% loan to value
  • Maximum term 35 years, maximum age 75
  • 5 years interest only available
  • Interest rates from Euribor + 3.5%
  • Possibility of bridging loan on some developments to assist with deposit, with no payments until property is completed
  • Minimum loan 25000 euros
  • Bank arrangement fee 1% of borrowed amount is typical
  • Variable interest rates

All of the mortgages in Cape Verde require all income to be documented by way of tax returns and accounts or P60s, payslips and bank statements.

Portuguese and the local Cape Verdian banks are now open to lend to non-residents, as long as you meet the required criteria. This criteria can vary from lender to lender. The mortgage market in Cape Verde is quite a new inovation and is not as as straightforward as it is in some countries. It is highly recommended that you use the services of a professional adviser  to guide you through the process.

 


You can contact agents able to assist with your property purchase by completing this form


Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.

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