Overseas Mortgage Requirements for Italy...

Please note this page may be out of date - please see "Countries Covered Page" on our main website for current details.

Loans available:

• For purchase, re-mortgage, self-build, renovation, equity release, or investment purchase
• Variable, fixed, and interest only mortgages available
• Capped interest mortgages available
• Fixed, increasing and decreasing instalment options, as well as personalized payment plans
• Interest only loans available on all products (but not for investment purchases)
• Non-status loans are not available

Loan to Value:

• Based on the valuation of the property
• Up to 80% LTV for purchase, renovation, self-build, and equity release
• Up to 70% LTV for investment purchase

Interest Rates:

• From 4.75% as an introductory offer for first 6 months, then from 5.0%

Maximum Term:

• 40 years (20 years for investment or capped interest rate mortgages)

Maximum Age at Completion:

• Generally 85

Currencies Available:

• Euro mortgages available

Prepayment Penalties:

• From 0% and upward depending upon product chosen

Documentation required (minimum):

• Last six month bank statements
• P60 or equivalent
• Letter form accountant confirming tax paid (if self employed)
• Three years audited accounts (if self employed)
• Certified true copies of passports
• Two forms of address identification
• Completed application form
• Italian Codice fiscale
• Italian bank account details
• Property documentation

General Fees to Consider:

• Usually allow for 10-15% of purchase price for closing costs
• This includes: VAT, Notary fees, Land Registration, Administration, Tax, Bank Charges