Does a D7 visa work with debt?

Member since 26 September 2021

AnnikatchMember26 September 2021 11:00:57

Hi - hoping for some advice please -
I'm looking at applying for the D7 visa to Portugal, which is a granted if you have passive income (rent or dividends etc).
My partner and I have some rental property investments, and the rent from these would see us meet the visa income requirements.
However, all have mortgages over them still.
Does anyone know if having the mortgages would effectively negate the income figure, in the eyes of the Portuguese government? Does it just have to 'income' or is it only income that doesn't go to servicing debts (such as mortgages)??

Thanks in advance!

JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert27 September 2021 17:02:26

5130

Hi Annikatch, Welcome

The proof of passive income in a visa application includes rents from houses owned by you. It doesn't matter if these properties have mortgages on them or not, only if those mortgages are related to a bank loan.

If those mortgages had been made by an entity such as a court or a Tax Authority, then rents on those properties would be barred to you, and could never be proof of your passive income...

But you can find out more from the Portuguese consulate where you live.

Kind Regards

Craig Kudeta Member

Member since 11 January 2023

Craig KudetaMember11 January 2023 07:47:20

The answer to this question confuses me

If I apply for a D7 and show my house can be rented at 1000 per month , but I have a mortgage with a lender of 700 per month

Will it be accepted for my D7 the income will be 1000 or 300 ( 1000-700 for my repayment)

I guess the question is will they ask to prove it doesnt have a mortgage ?

Thanks

Craig

JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert11 January 2023 09:23:14

5130

Hi Craig,

Your doubt makes sense. The issue of bank mortgages vs disposable income is not expressly mentioned in the SEF information. However, it is very likely that whoever examines your visa application will verify this through your bank statements and will ask you about your monthly disposable income.

For more information, you should request further details from the consulate.

Regards