Mortgages are available for mainland Italy as well as Sardinia and Sicily.

Eligibility and criteria

  • Loans are available in Euros only
  • Loans are only available on a repayment basis
  • The maximum loan to value for a purchase is 80%
  • Applications for purchase only
  • The maximum term of any mortgage is 20 years (to age 80 maximum)
  • The minimum loan amount is €250,000 with no maximum

Affordability

To qualify for a mortgage in Italy a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete our enquiry form and we will not charge you for this service.

Your existing liabilities, including your UK mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed Italian mortgage payments. All this must not typically exceed 35% of your monthly gross income.

For example if your gross joint monthly income is £2,500, 35% of this equates to £875. If your only liability is your current UK mortgage payment of say £300 per month, this would leave a balance of £575 for your Italian mortgage repayment.

The amount you can borrow is also restricted by the maximum loan to value as mentioned under Eligibility and Criteria.

Proof of income requirements

If you are employed:
Your latest payslip
Your latest P60
Your last three month’s personal bank statements

If you are self-employed:
Your last two year’s Audited Accounts & last two years Tax Returns
Accountants declaration
Your last three month’s personal bank statements

Other documents will be required and will be confirmed when application forms are sent to you.

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