Best Italian Mortgage can arrange Italian mortgages for the purchase of Italian property.

Best Italian Mortgage can arrange Italian mortgages at a loan to value (LTV) of up to a maximum of 60%, depending on the property location, the property condition and the borrowers financial profile, with a minimum mortgage amount of €70 000 (property purchase price should be greater than €118 000).

Properties should be in a ‘habitable’ condition to be able to proceed with an Italian mortgage, thus meaning they should have working kitchens and bathrooms, and, be connected to utilities.

** Due to the current difficulty in arranging finance and the additional work involved in placing your case we will charge a ‘finance finder’ fee, due at the outset. This fee becomes part of the overall succession fee, the remainder of which is due once the finance is in place upon completion of the property purchase. The succession fee equates to 1% of the property purchase price, or, a minimum fee of £3,000, whichever is the greater. The initial finance finder fee is a set £995 and payable prior to us submitting your documentation to the lender.**

Best Italian Mortgage Key Points

Best Italian Mortgage will work with you in English, but most Italian banks will require you to complete their Italian mortgage application in Italian. Some Italian banks may also require you to submit all supporting documents with a certified translation into Italian.

Your Best Italian Mortgage application will be processed in Italy by an Italian bank.

Legal fees and property transaction taxes cannot be included in Italian mortgages for non-resident.

Most Italian banks will offer a maximum loan to value (LTV) ratio of 60%.

Italian banks will require you to have a strong net asset position in order to qualify for an Italian mortgage.

Italian banks will expect you to have a low personal debt to income (DTI) ratio and a secure source of income. Generally this DTI is in the region of 30%. So all of your outgoings, including the new Italian mortgage repayment should be lower than 30% of your income. This typically also includes existing mortgage payments, rental payments, loans and credit card payments.

Italian banks will currently only accept applicants with an income paid in British Pounds, Euro, Swiss Francs and US Dollars.

We will not be able to process any applications that do not fit the requirements above.

You will find details of our current range of Italian mortgage products on our Italian mortgage products page.