Italy

Loans Available:

• Loans available for purchase of investment properties
• Re-mortgage and equity release available
• Renovation or stage payment mortgage are available
• Non-status mortgages are not available

Types if mortgages available:

• Variable rate mortgages
• Fixed rate mortgages
• Re-mortgages available
• Interest only mortgages

Loan to Value:

• Maximum LTV: 80% for holiday homes
• 75% re-mortgage

Interest Rates:

• Available from 5%
  Please contact Prash Setty – Country Manager for more information

Currencies Available:

• Euro mortgages available

Maximum Term & Maximum Age:

• 30 years (not more than 80 years old at maturity)

Prepayment Penalties:

• Starting from 0% penalty

General Documentation required:

• Bank Statements
• Payslips & P60s (Employed)
• Accounts and Tax Returns (Self-Employed)
• Compromesso (Pre-sales contract)
• Atto Provenienza (Sellers proof of ownership document)
• Codice Fiscale (Italian Tax Code)
• More docs maybe required

General Costs to consider:

• Bank arrangement fee: 1% however this does depend on the chosen bank
• FREE ILLUSTRATIVE QUOTATIONS
• Fidentia Group Administration Fee: £99
• Generally allow 12% of the purchase price for closing costs