Housing Credit for Non-Residents

What customers need and what banks offer and demand

What can One Key offer non-resident customers?

Fluency in English and French of interlocutors
Ability to explain very detailed products and processes
Ability to identify and explain in detail all charges with a credit process
Time available for multiple interactions related to proposals
Availability to maintain active processes for extended periods, associated with physical distance and a longer time to make investment decisions
Support in presentation to banks and dedicated managers

What do banks offer and demand from non-residents?

Segment customers by country/region of origin
- – Europe
- – Rest of the world
- – Risk Geographies (exchange rate and economic)
They use the percentage of financing over the acquisition value as their main segmentation criterion:
- – 80% for citizens residing in Europe (some banks include US + Canadian + Australian citizens in this group)
- – 50% to 70% (depending on banks) for Rest of the World citizens
- – 50% for at-risk geographies
Your pricing criteria (spread) are the same as for national citizens (customer scoring and initial entry)
Offers available to non-residents that allow exemption from the life insurance requirement for initial down payments equal to or greater than 25%
They request the same type of documentation as for credit to residents, but from the country of origin, but they tend to be more demanding in terms of proof of funds and evidence of income received, namely always requiring bank statements
They only send credit decision processes after customers have a Portuguese NIF
They request translated documentation for customers from countries that do not have Spanish, French or English as their official languages, although some banks have the possibility of certifying documentation at their local agents, especially for customers from German-speaking countries.
They facilitate the opening of accounts remotely and accept that deeds are signed by power of attorney, but are especially strict when accepting powers of attorney for deeds

Simple Process

Carry out your simulation and fill in the proposal with your elements We will quickly respond to your request

SIMULATION

PRE-APPROVAL

FINAL DECISION

FINANCING

CONTACT US WE ARE SPECIALISTS IN MORTGAGE CREDIT FOR NON-RESIDENTS

Need help?

Clarify your doubts

Contact us

21 321 34 45 or info@onekeycredito.pt

Online Chat

Talk to one of our online operators