Italian Mortgages
Buying property in a foreign country is a big step for any purchaser and can be a complicated process; however calling upon the expertise of professional and reputable companies makes the whole purchase simple. We have linked up with two of the largest private finance and international mortgage brokers to provide impartial advice and service to all of our clients.
Gaining a mortgage in Italy is now becoming easier, with the entry of Barclays and other International banks into the mortgage market place. The basic mortgage criteria can be different from company to company, though more mortgage products are becoming available all of the time, but the following exists at present for most companies.
- Minimum £75,000.00 mortgage
- Up to 80% Loan To Value (purchase price or valuation which ever is lower)
- Repayment mortgages only.
- Maximum repayment of 40 years.
- Maximum age for repayment mortgage 75-80 years depending on the company.
- Notary and other related fees will be about 2% of your mortgage amount.
- Borrowing repayments can not exceed 30% of your surplus funds after deducting your existing loan commitments.
- Mortgages are in Euros, and are normally fixed to the European Central Bank Rate.
The two main brokers we use are as follows, though we do have a network of other independent financial consultants who specialise in Italian Mortgages. Please fill out the mortgage request form, to find out how much you can borrow prior to purchase, or to find the most competitive rate for your mortgage requirements
Savills Private Finance
Savills Private Finance International can help with your first holiday home overseas, re-mortgaging an existing one or investing in a property abroad with the intention of renting it out. SPF International is staffed with experience advisers, who will take time to understand what you want to achieve, provide you with advice and help you through to completion of your transaction.
SPF International's strong market position enables them to develop a network of relationships and negotiate bespoke rates and deals with:
- Local banks
- UK lenders with foreign subsidiaries
- Private banks who lend across borders
Conti Mortgages Overseas
Conti Financial Services Ltd, the UK's leading overseas mortgage specialist can help you find the finance for your property abroad, and make the process as safe and as hassle-free as possible. Established in 1994, Conti has helped thousands of people to arrange their mortgages in over 45 countries. Conti work closely with overseas lenders and property professionals helping you to buy your property, whether this is for your own personal use or for investment purposes.
Conti's experienced teams of specialists ensure that every step of arranging your mortgage is handled promptly, efficiently and professionally.
