Currently, there are limits applied to housing credits, but they differ depending on the purpose given to the property. Why is there this differentiation? Read the explanation from the Bank of Portugal (BoP) below.
When you apply for a home loan, the conditions offered by the bank will vary depending on the purpose you give to the property: primary residence or secondary. Understand the difference between the two and the financing conditions for each.
Hiring insurance online is possible, but has its advantages and disadvantages. It is necessary to pay attention to some issues when subscribing to this product digitally. For that, you can also ask for help from an insurance mediator.
Buying a vacation home to invest or rent through a second home loan is possible. But in which cases is it allowed and how does a secondary housing loan work?