Do Portuguese banks qualify buyers all the same?

No, Portugal banks may have different criteria for qualifying buyers. Factors such as credit score, income, and other financial information may be taken into consideration when determining whether or not a buyer qualifies for a loan. Different banks have different DSTI thresholds and this greatly influences your chance of a mortgage.

The DSTI scoring system is an internationally accepted rating system used by banks and other financial institutions in Portugal to assess the credit-worthiness of a company or individual. The exact criteria used by banks in Portugal will vary depending on the bank's unique policies and risk strategies. Additionally, regulations and economic conditions in each local market may also influence a bank's approach to DSTI scoring.

How can you improve your DSTI scoring with Portuguese banks?

1. Ensure all account balances, liabilities and outstanding payments are up to date.

2. Improve the level of savings, such as increasing the amount placed in a savings account and decreasing the amount in an overdraft.

3. Pay bills and loans on time.

4. Regularly review credit reports to ensure accuracy and rank higher in DSTI scoring.

5. Reduce the amount of debt, such as car loans, student loans and mortgages.

6. Check any existing credit limits and lower them if possible.