Mortgage Advisor Lagoa

Client Profile

A 74-year-old British national, retired, with strong passive income sources in the UK. He fell in love with a property in Portugal and, confident in his financial background, paid a substantial deposit and signed a Promissory Contract of Purchase and Sale (CPCV), allowing a 6-month period to address professional matters.

The Challenge

As the contractual deadline approached, the client realized he would not be able to gather the full amount of his own funds to complete the transaction. He turned to his bank in Portugal, which declined the mortgage request based solely on his age, deeming him outside acceptable risk criteria. He was now in a critical situation, facing the real possibility of losing a substantial deposit.

Blessed Mortgages’ Solution

We received the case at a turning point. Our team conducted a comprehensive risk assessment, considering:

  • Stable and verifiable passive income from the UK
  • The client’s overall financial health and credit profile
  • Property value vs. loan amount requested (Loan-to-Value analysis)
  • The client’s global asset base, including non-Portuguese holdings
  • Legal analysis of the CPCV and the implications of deposit forfeiture

Based on this multi-layered assessment, we structured a tailored mortgage solution,
involving

  • Short-term loan structuring, limiting the bank’s exposure window
  • Direct negotiation with our strategic banking partners, leveraging our track record and credibility to secure an exceptional out-of-policy approval
  • Demonstrating clear repayment ability through net income and asset collateralization

The Outcome

We successfully secured mortgage approval in what had previously been deemed an impossible scenario. The client completed the purchase within the contractual deadline, saving his deposit and realizing his dream of owning a home in Portugal.

Expert Guidance

Over 20 years of experience helping overseas buyers navigate the Portuguese mortgage process.

Tailored Solutions

Access to exclusive mortgage deals from a wide network of lenders to find the best fit for your needs.

Seamless Process

We handle the entire process, from application to approval, ensuring a stress-free experience.

Passionate - Dedicated - Professional

Recently completed projects