What are the bank and notary costs?
Beyond the deposit and taxes, buying with a loan brings bank costs (assessment, appraisal, insurance) and notary and registration costs. For €200,000, around €2,000 to €4,000.
In this guide
Bank costs
These include assessment and decision fees, the property appraisal, account maintenance, life and home insurance, and any credit-intermediary charges.
Notary and registration costs
These cover notary fees and the charges for registering the purchase and the mortgage at the Land Registry — steps that can run through the Casa Pronta service.
Why they count for the budget
They are a cost of the purchase itself, on top of the deposit and the taxes. It is worth setting them aside in your planning.
Worked example
For a €200,000 property (example figures), bank and notary costs sit, indicatively, between €2,000 and €4,000, depending on the bank, the property and the terms agreed.
Sources
Susana Vasconcelos
- Intermediária de crédito autorizada pelo Banco de Portugal n.º 0008496
- Mais de 10 anos na banca