About Italian mortgages explains all you need to know about Italian mortgages.

An Italian mortgage is a medium to long term loan, typically with a 7 to 25 year term, secured on a property being purchased or possibly by a guarantee offered by a third party.

Italian mortgage loans are normally granted by retail banks, though for some specific projects a private bank or other financial lender may be more appropriate.

Because there are so many possible choices of Italian mortgage product the search for the best product can be made a lot quicker and simpler by using an Italian mortgage broker such as Best Italian Mortgage. For more information see our Italian Mortgage Products page.

Once the best mortgage product has been chosen, the mortgage lender will require you to work through an application process that is common to all Italian lenders.


The first thing you need to know about Italian mortgages is that all lenders will require you to complete an application form in their preferred format.

The application forms may differ in style and layout as between lenders, but there will be a substantial overlap because all lenders are working to the common Italian regulatory standard.

Depending on the lender, an application form can be as short as 4 pages or possibly as long as 25 pages.

Document Collection

Once the application form has been completed the applicant will need to supply a range of supporting documentary evidence. This is because the Italian lenders don’t routinely use credit scoring from a credit agency but prefer the more personal approach of collecting relevant data about Italian mortgages directly from the mortgage applicants.

The required documents can be conveniently grouped together by theme as follows:

This process will be much quicker and easier if you use a mortgage broker such as Best Italian Mortgage because we have considerable experience in collecting and assembling the mortgage dossier in a may that makes life easy for the mortgage lender.

Financial Analysis

A bank’s financial analyst will work through your application and supporting documents, now called “the dossier”, to check that you can afford the mortgage repayments, that you are financially sound and that you do not have a prejudicial entry on any regulatory and/or  credit worthiness database.

If the financial analyst is happy with the financial analysis then they will call for a property survey and valuation along with a preliminary notarial report.

Property Survey and Valuation

The lender will instruct a surveyor it trusts to prepare a technical survey on the building and estimate the property’s fair open market value.

You should be aware that this valuation may be below the purchase price you have negotiated because the lender will invariably ask the surveyor to evaluate the maximum price the property might fetch to achieve a sale in 3 to 6 month if repossessed.

In Italy, the cost of the survey is normally charged to the borrower and it is due even if the borrower decides to withdraw their loan application and / or the bank decides not to offer a mortgage.

Preliminary Notarial Report

The final piece of information the bank will need is a preliminary notarial report prepared by a  notary chosen by the customer, though some banks have a restricted list of notaries.

This report will contain:

Underwriting Decision

The financial analyst will review the mortgage dossier following the financial analysis, the result of the survey and valuation and the contents of the notarial preliminary report,.

If the financial analyst is happy with the dossier they will forward the application to the underwriting committee for authorization to approve the mortgage and issue a mortgage offer in the legally required form.

If the financial analyst is unhappy with the dossier and cannot resolve their concerns through supplementary information they will reject the mortgage application.

Formal Mortgage Offer

Under Italian consumer law, the mortgage offer is a legally binding document in the form of a public deed registered by a notary which must specify:

Mortgage Registration

The notary is required to register the mortgage at the land registry (Conservatoria) at the point of purchase completion for the property.

Depending on the lender, the mortgage funds could be available on the same day as purchase completion or after the necessary period of time for the consolidation of the guarantee which is typically 15-20 days.

About Italian Mortgages Costs

The involved costs are: