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International mortgages
International Mortgages
Mortgages in Italy
Updated: Friday 23 March, 2012
By Martin Fagan
Are you considering taking out a mortgage on a property in Italy? Get an online quote today.
With its delicious food, great wine and relaxed lifestyle, Italy can prove very tempting.
The country has plenty to offer, from beautiful coastlines and bustling cities to stunning mountains and lakes, and many Brits have understandably fallen for its charms.
Mortgages in Italy are fairly similar to mortgages in the UK, but there are some crucial differences, and you should make sure you fully understand the terms of your mortgage before you sign on the dotted line.
One way to navigate the Italian mortgage market and ensure you are getting the best deal is to use a mortgage broker like International Private Finance.
Loan amount - €250,000
Latest mortgage rates in Italy
| Type of mortgage | Maximum LTV | Starting Rates from | Interest only | Monthly repayments | Request quote |
|---|---|---|---|---|---|
| Fixed rate | 80% | 3.70% |  | EUR 1,476 | Go |
| Fixed rate | 80% | 3.95% | | EUR 1,508 | Go |
| Variable rate | 80% | 3.65% | | EUR 1,469 | Go |
How can International Personal Finance help me?
International Private Finance (IPF) is a UK company that concentrates solely on brokering overseas mortgages.
Its team of specialist brokers works hard to ensure you get the best Italian mortgage for your circumstances. As well as searching the market for the best deals available, IPF’s brokers have exclusive deals with Italian banks that borrowers might not normally gain access to.
The fact that its brokers speak fluent Italian eases communication so you won’t miss out on essential information through poor translation. As well as arranging your mortgage, they can also help you set up a bank account in Italy and organise the mortgage repayments.
How does the process work?
If you apply for a mortgage quote from IPF, the process will normally happen as follows:
- You fill in the quote form.
- You will receive a call from IPF, often the same day. A specialist broker will discuss the options available to you. They will be able to explain how Italian mortgages work and answer any questions you may have.
- Shortly after this, you will be emailed a quote by IPF, detailing the best deals available to you.
- You will then have the opportunity to take up one of the deals found by IPF. If you would like to do this, you will then pay a fee of £200 to IPF and will get their help throughout your mortgage application, from filling in the paperwork all the way through to completion.
THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.