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.