How Much Can I Borrow?
Italian Mortgages for purchasing a property in Italy - rates from approx 5.10% in Euros
Includes Italian Residential Property.
If you are purchasing a property in Italy, Italian Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only
Type of Italian Mortgage: Repayment Mortgage only.
Minimum: €50,000, maximum 80% of valuation or purchase price (whichever is the lower).
Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.
Term: 5 to 30 years up to age 75.
Currency: Euros only.
Current Interest Rate in Euros: from approx 5.10% Variable - Discounted and Fixed Rate loans also possible (details on request).
Example Italian Mortgage: For an Italian Euro mortgage of approx €70,000 over a period of 25 years at an interest rate of approx. 5.10% = approx €418.50 capital and interest per month = a total approximate amount payable over term of €128,410 including capital, interest, arrangement and survey fees.
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