How to Choose your Mortgage Broker in Portugal

Find the right mortgage broker in Portugal with ease. Learn how to choose a mortgage broker based on experience, understanding of the market, and customer service
May 31, 2023
Ana Fankhauser
May 31, 2023

If you want to buy a home in Portugal, you might want to hire a mortgage broker to help you through the process. A mortgage broker is a helpful resource since they have the knowledge and contacts to help you find the best mortgage programs and interest rates. However, it is essential to select a dependable and trustworthy broker. In this essay, we'll talk about how to choose a mortgage broker in Portugal and answer questions that often come up.

Guidelines for Selecting a Mortgage Broker

When choosing a mortgage broker in Portugal, it's important to do your research and take the time to find one who fits your needs. Here are some considerations:

Consider brokers with positive reputations and a history of achievement. To get a feel for a broker's experience and success record, it is a good idea to request references or read testimonials from past clients.

Consider brokers with experience working with international purchasers and pensioners. If you are not a Portuguese national, you may have unique mortgage-related requirements and concerns. A broker who has already worked with international clients or first-time buyers may be better suited to handle these unique problems. For example, a broker could help you get some tax exemptions or deals that otherwise would be impossible to know about.

Choose a broker whose fees and commissions are transparent. It's important to know how a mortgage broker gets paid. Make sure to ask about fees and commissions right away, and choose a broker whose prices are clear and honest. Our Movingto broker doesn't charge any money, as he gets a commission directly from the different banks he works with. Also, the deal with the bank will be the same whether you come through a broker or not.

Ensure that the broker has a solid grasp of the Portuguese mortgage sector. The mortgage market in Portugal can be hard to understand because there are different products and rules for different areas and types of property. Find a broker who knows a lot about the market and can help you deal with all of these problems.

Consider collaborating with a broker who speaks your native tongue. If you don't speak Portuguese well, you might want to work with a broker who speaks your language well. This will make it easier to talk to each other and make sure you fully understand the mortgage process and your options.

Things to Watch For

Even though most mortgage brokers are trustworthy and know what they are doing, it is important to be careful and watch out for red flags. Here are some considerations when selecting a mortgage broker in Portugal:

Be aware of brokers who exert undue pressure or who appear dishonest. A professional mortgage broker won't rush you into making a decision. Instead, they will take the time to explain your options and help you make an informed choice. If a broker seems unreliable or too pushy, it's best to look for another one.

Avoid brokers that want substantial up-front payments. It is uncommon for mortgage brokers in Portugal to impose upfront fees. If a broker asks for any money before doing any work, avoid them. The bank pays the mortgage brokers, so this is a totally free service.

Do not work with a broker in Portugal who is not registered with the right agencies. In Portugal, mortgage brokers must be registered with Banco do Portugal and follow its rules. If a broker is not registered, it is possible that they are working illegally, putting you at risk.

Frequently Asked Questions

In Portugal, what is the function of a mortgage broker?

‍In Portugal, a mortgage broker operates as an intermediary between borrowers and lenders. They help borrowers find and compare different mortgage options, negotiate with lenders, and fill out the necessary paperwork. Brokers generally demand a fee or commission in exchange for their services.

How can I determine whether a mortgage broker is reputable?

There are several ways to determine the credibility of a mortgage broker:

Determine if the user is registered with the ISP. This indicates that the broker is functioning legally and in accordance with industry standards.

Request references or read testimonials from past clients. This might give you an idea of the broker's reputation and how successfully they have previously treated their clients.

Consider brokers who disclose their costs and commissions openly. A broker with transparent pricing is more likely to be reliable.

Can I negotiate the mortgage broker's costs and commissions?

There are no fees upfront; it's a free service. The mortgage broker will get a small commission from the bank.

Is a mortgage broker required to obtain a mortgage in Portugal?

A mortgage broker is not strictly required to obtain a mortgage in Portugal. You can also apply directly to a lender for a mortgage. But a mortgage broker can often give valuable advice and information that can make the process of finding and getting a mortgage easier and faster. They also work with hundreds of banks, so you can make many applications at once to end up getting the best deal possible.


Choosing a mortgage broker in Portugal is a very important decision that can have a big effect on how well you are able to buy a home. By doing research and following the tips above, you can find a broker who is reliable, has a lot of experience, and wants to help you get the best mortgage for your situation. Remember to ask a lot of questions, be honest about what you want and how much money you have, and take the time to fully understand your options. With the right mortgage broker on your side, you can feel confident and safe about the home-buying process. Try our free mortgage broker today.

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Ana Fankhauser

Ana has worked in many startups and moved to a few countries, which led her to create MovingTo. She believes that remote work is a growing trend that is here to stay and that digital nomads will move to countries that have more to offer than the ones you were born into. She mostly writes opinion pieces for MovingTo.

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