The worldwide credit crunch and weak pound is squeezing the second home market in Portugal. Fred Hurley, of leading independent mortgage broker Mortgages4Portugal, offers some money-saving advice... There is no doubt that the worldwide credit crunch, which has devastated equity markets and banking sectors in particular, has had repercussions in Portugal. One mortgage lender has pulled out of the non-resident mortgage market altogether and another has reduced the terms available to non-residents. There has been a similar tightening of the rules being applied by some of Portugal's leading banks in the availability of mortgages to non-residents.The reasons for this are twofold: ......