International Private Finance (IPF) will work with you to make sure you get the right type of Italian bank mortgage, based on your own personal circumstances.

The IPF team have many years experience in working with clients purchasing property overseas, and have an unrivalled knowledge of both the overseas mortgage and buying processes in Italy.

Mortgage lenders in Italy assess eligibility for a loan on the applicant's ability to service the loan, and not potential rental income from the property. The general guideline is as follows: of a mortgage applicant's net income 35% should cover existing outgoings and the monthly repayment on the Italian mortgage. For the self-employed income is assessed as the average of the last three years net income. Rental & investment income can also be considered. If you are employed a lender will base your income on your most recent payslips, and the amount that is credited to your account monthly. Outgoings considered are liabilities such as mortgage or rent in the UK, personal loans and maintenance commitments.

Use the red link above to transfer to the page where you can access the free Italian mortgage quotation system.


 

More useful information on things you need to know about Italian mortgages