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Buy or Renovate a property in Italy? We have the solution: Top Italian Mortgage

In May 2018 we started a partnership with Top Italian Mortgage, an italian brokerage company which is highly specialized in banking mortgage applications for non-italian clients.
With Top Italian Mortgage we can help our clients to obtain the best solutions to buy or renovate a property in Italy.

WHO CAN BE FINANCED?

  • Natural persons but not companies
  • Residents all over the world
  • Incomes from self and dependent employment
  • Incomes currency: EUR, GBP, USD, CAD, AUD, SGD, HDK, DKK, NOK, SEK, CHF, JPY.

 

PURCHASE OF FIRST OR HOLIDAY HOME

  1. Property which is habitable and in order with all the necessary permits
  2. MAX 60%of the purchase price
  3. MAX duration: 25 years

SMALL RENOVATION OF FIRST OR HOLIDAY HOME

  1. Needed: cost estimates and building permits
  2. MAX 50%of the final value of the property
  3. Mortgage disbursed in lump-sum payment at the termination of the works

ACCEPTANCE CRITERIA

  • Max DTI ratio (debt to income): 30%
  • Max age: 75 years at the end of the mortgage duration.
  • MAX duration: 25 years
  • Opening of a bank account in the lender bank
  • Transfer of your own money aimed at paying the remaining purchase price in the Italian account before the signature of the contract
  • Translation of the income documents (Italian). Some banks require the legalization of these papers

 

TYPES OF MORTGAGE

  • French Amortisation Plan (unvaried instalment including interests and principal payment)
  • Fixed Rate (MAX 20 years) and Variable Rate
  • NO penalty in case of early payment, for both Fixed Rate and Variable Rate mortgages

For other info, email us.