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Articles in the ‘Property News & Info’ Category

Update on Golden Visa

By • May 9th, 2014 • Category: Property News & Info

The Portuguese Government has released the latest up to date figures on the Golden Visas issued since its launch, where the majority are the Chinese and with the capital investment being mainly in real estate. Click on this link to view statistics Share on Facebook


Portugal has Best Tourism Results Ever

By • Feb 26th, 2014 • Category: Property News & Info

Tourism trade in Portugal is on the rise as reported last week by the Minister of tourism, Pires de Lima, stating that Portugal is “an excellent tourist destination.” Figures provided by the National Statistics Institute (INE) show that in 2013 hotel occupancy increased 4.2% more than the previous year a total of 14.4 million guests,

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Portugal’s Golden Visa

By • Dec 24th, 2013 • Category: Property News & Info

In the past two years, several southern European nations including Cyprus, Greece and Portugal have introduced programmes that aim to attract investment in the property and construction sectors. Chinese and Russian investors make up the majority of those who have obtained residence permits this way. Portugal’s “Golden Residence” programme, set up in October 2012, has

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New Laws requiring Property Vendors to obtain Energy Certificates

By • Oct 14th, 2013 • Category: Property News & Info, Quinta Lifestyle

This summer a new law has been passed in Portugal which will affect all Property vendors as well as the real estate agents. The new law states that property vendors must provide the selling agents with an energy certificate and all particulars published by the agent in print or online must feature the energy grade.

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Obtaining Resident Permit by Investing in Portugal

By • Feb 6th, 2013 • Category: Property News & Info

Last week, the Portuguese government launched a campaign in an attempt to attract foreign citizens to invest in Portugal. This should prove to be very attractive to non EU members seeking to obtain a residence permit. The so called “investment resident permit” (IRP) is also referred to as “The Golden Visa”.  This status can be

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Portugal Opening its Doors to Investors from around the Globe and offering Golden Visas

By • Jan 18th, 2013 • Category: Property News & Info

Good News from the Portuguese Fiscal Department at last!


Why Portugal should be your top tax choice

By • Feb 16th, 2012 • Category: Property News & Info, Tax Issues

With no inheritance or gift tax burden and no wealth tax and reduced or deferred taxation on dividends and other capital income Portugal becomes very interesting for high net worth individuals .


Portugal, EU and IMF Tax Memorandum Signed

By • May 19th, 2011 • Category: Property News & Info, Tax Issues

Portugal has signed a Memorandum of Understanding with the European Commission, European Central Bank and the IMF.


International valuations

By • May 6th, 2011 • Category: Property News & Info

Savills International Valuations team covers professional valuations throughout Europe, North Africa and the Caribbean. In addition we support Savills agency teams further afield, such as Quinta Properties in Quinta do Lago.


Mortgages with Santander Totta

By • Apr 19th, 2011 • Category: Banks, Property News & Info

Santander Totta London Branch – Talk to the bank with local knowledge

Banco Santander Totta SA is a Portuguese commercial bank, which can trace its origins back to 1843. It is a member of Grupo Santander, one of the largest financial groups in the world, and has a wide network of branches and representative offices in Portugal and throughout the world, including London.

The London branch, established in 1973, is authorised by the Bank of Portugal and regulated by the Financial Services Authority for the conduct of UK business. The Financial Services Authority does not regulate loans secured on overseas properties. In the case of Portugal these are regulated by Banco de Portugal.

Loans are available in EUR and GBP. Interest will be charged at a margin over the Bank’s mortgage loan rate applicable to the currency borrowed.

The bank currently has two main mortgage products available:

Capital Repayment

Allows peace of mind that your loan will be fully repaid at the end of your chosen term, equal repayments throughout life of the loan (subject to Base Rate changes), maximum Term 25 years, loan to be repaid by the age of 75, and ability to make overpayments.

Residual

Ideal if you have other financial commitments and want to keep monthly costs at a minimum, 70% of your loan reduces on a monthly basis, 30% of your loan will be repaid at the end of your chosen repayment term, no capital repayments required on 30% of your loan, you can use other investments to repay 30% of your property at maturity of the loan, maximum term 15 years, loan to be repaid by age 65, ability to make over payments.

All loans if repaid in full or part within the first two years are subject to an early payment fee of three months interest, after two years the loan may be repaid at any time without incurring a penalty.

Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank’s lawyers. Receipt of application to formal offer normally takes within four weeks.

For further information please contact:

 Tel: +44 (0)20 7621 2660

Email: info@santandertotta.co.uk

www.santandertotta.co.uk


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