May a foreign resident get a mortgage from an Italian Bank in the process of buying a property in Italy?
Mortgages for buying property in Italy
What is the procedure? What documents are needed to be submitted?
The answer is YES! Non-Italian residents are legally entitled to obtain mortgages to buy a property in Italy.
However, due to the economic crisis and the new Anti-Money Laundering Regulation, over the past few years Italian Banks had made their mortgage-policy stricter especially when dealing with non-Italian residents. The reasons of this policy can be found in a) the personal responsibility of Bank Directors that must verify the source of the money that is used to buy the property (concerning the documents to provide the Bank with, see below) and b) properties are not more considered as sufficient warranty in case the buyer stops paying the mortgage installments (given the difficulty and the costs for enforcing the payment abroad Italy).
Nevertheless, there are still few Italian Banks willing to concede mortgages to non residents; this is one of the reasons why it is advisable to appoint a local Italian Law Firm that can assist the foreign buyer in this procedure.
A&B Law Firm has a strong business relationship with many Italian Banks with whom we are assisting foreign clients for many years so far.
First of all, it is worth to specify that an Italian mortgage can be granted not just in euro but also in a different currency (such as American Dollars or Pounds).
The process to obtain a mortgage involves several costs, namely:
- Mortgage application fees;
- Surveyor fees (when applying for a mortgage to buy a property, the bank appoints a surveyor in order to make an Evaluation Report to give the property a value on the basis of which the mortgage will be granted);
- Mortgage taxes;
- Insurance and translation fees if required.
The chances to obtain a mortgage for buying property in Italy are conditioned upon several parameters, such as:
- The amount of the sum requested as loan; Banks usually grant no more than 60/70% of the purchase price according to the Evaluation Report drafted by the surveyor appointed (see above);
- Applicant nationality;
- Financial status of the applicant; on this regard, it should be noted that Italian Banks require to know whether the applicant is capable (under a financial point of view) of sustaining the loan. This is the reason why it is usually requested a copy of the applicant’s last Tax Declaration (which must be translated in Italian and legalized or through Apostille or by the Italian Consulate of the Country of residency of the applicant)
A&B Law Firm will be able to suggest their clients the most suitable Bank where applying for obtaining the mortgage.
The timing to have an answer may vary from case to case. It usually takes few weeks. Once the application is approved, in case the mortgage has been requested for buying a specific property, the mortgage contract is signed in front of the Notary at the same time of the signing of the final deed for transferring the ownership of the property. An officer of the Bank usually attends the meeting and provides the seller with the check (which amounts to the sum granted as mortgage).
SUM UP OF THE DETAILS FOR OBTAINING A MORTGAGE IN ITALY
- Italian Banks usually concede a mortgage that can last from 5 up to 30 years;
- Italian Banks usually accept mortgage request for a sum amounting not less than 50,000 euro;
- A mortgage can not be grated for a sum that covers the 100% of the cost of the property (the maximum mortgage can cover the 70/80% of the purchase price);
- In case the applicant is more than 70 years, Italian Banks usually require for the signature of another (younger) applicant that will be jointly liable;
- Generally mortgages are granted for purchasing residential properties.
The contents of this page should not be taken as an authoritative statement of Italian law and practice. Neither the author nor the publisher are responsible for the results of actions taken on the basis of information contained in this summary, nor for any errors or omissions. This text is not intended to render legal, accounting or tax advice. Readers are encouraged to seek professional advice concerning specific matters before making any decision.
Hi there
We are UK residents and would like to purchase a holiday home in Riva Del Garda.
We would want to let it out (short lets eg on Airbnb) to holiday makers when we are not using it.
Is it possible to get a ‘holiday rental’ mortgage as a UK resident, for a property in Italy?
Thank you in advance..!!
Good morning and thanks for your e-mail, our Law Firm is specialised in services for foreign clients
Our Law Firm has an approach tailored to the needs of our clients, because we are a professional integrated reality, where Lawyers (with PoA, of course) are accompanied by surveyors, accountants, financial brokers and a notary. In this way we can follow our clients project step by step, proceeding to accompany them among all the phases they have to attend in order to achieve their projects and their goals.
So, of course YES, we can help you, it’s properly our work. If you are interested in our assistance write an email to info@italylawfirms.com
Is it possible to re mortgage with another bank on a fixed-rate mortgage?
Good morning and thank you for your comment, every loan is quite a single negotiation in which lots depends by the circumstances of the single case. Our team could accompany you alongside all the negotiation with italian banks with the financial brokers that collaborate with us. If you would like to be assisted by us, please write an email to info@italylawfirms.com
I’ve been surfing on the web more than 3 hours today, yet I never found any stunning article like yours. It’s alluringly worth for me.
Hello and thank you for your comment,
Our law firm of italian lawyers fluent in english is specialised in services for foreign clients.
If you need our assistance, don’t hesitate to write an e-mail to info@italylawfirms.com
Hello,
I am a Azerbaijan citizen, and i want to buy a property in Italy, do i need any live permit or work permit in Italy for mortgage?
Hello and thank you for your comment,
There are different and several requirements in order to obtain a mortgage in Italy. Our law firm of italian lawyers specialised in services for foreign clients has a tailore approach and follow step by step foreign clients in all the procedure they need to achieve their goals. If you need our assistance, write and e-mail to info@italylawfirms.com
Impressive！ Thanks for the post
Good morning and thank you for your comment!
Hello,
I am interested in purchasing a home in northern Italy when I retire from the U.S.., but am surprised Italian banks will need a signature from a younger person. I will be 68 when I arrive in Italy, & reconsidering buying due to this discrimination. We don’t have this in America. Are there ways around this?
Thank you.
Hello and thank you for your comment,
if you want to retire in italy there’s the residency permit, our Law Firm of italian Lawyers fluent in english has a great expertise on this field. You can find on this website an article about residency permit, but if you want more informations about the peculiarities of your case, don’t wait and write and email to info@itlylawfirms.com to schedule a meeting with our team of expert!
Wow this blog is very nice …
You’re correct, you are crazy.
Wish to see much more like this. Thanks for sharing your information
Hi I am an georgian (tbilisi) citizen, and am thinking of buying property in Italy and then rent it. I am trying to get a mortgage in Italy, What’s the first step I need to make. Thank you
Ciao Iesko
many thanks for your post.
Obtaining a mortgage from an Italian Bank to purchase a property in Italy is possible but not easy. First step is collecting the necessary documents both regarding the property you want to buy and also the documents that evidence your financial capacity. However, please consider that an Italian Bank takes in consideration a mortgage request just when you have identified a specific property to buy (in Italy it is quite difficult to obtain officially a mortgage wuthout first having signed an offer to purchase).
In any case, please write us at info@italylawfirms.com and we will put in contact with our Italian Bank Operators that will give you more specific information.
Hello, my wife have a GBP mortgage with an Italian bank which is a variable loan so the interest rate has reached very high levels recently. Is it possible to re mortgage with an another bank on a fixed rate mortgage.
We are based in the UK at the moment.
Ciao Mark,
thanks for your post.
Italian Law provides the possibility to move your mortgage from an Italian Bank to another one. It is not for sure, obviously, to find a Bank available to give you a fix rate but this will be eventually a matter of negotiation. Please send an email to info@italylawfirms.com and we will put in contact with our Italian Bank brokers who will provide you with a more detailed consultation.
Ciao, I’m an Italian citizen but I live and work in the US and I’m enrolled in the AIRE (associazione Italiana residenti all’estero). I would like to purchase a house in Italy and get a mortgage from an Italian bank and I have a couple of questions: Will that be a problem to get a mortgage, considering that I have a very high income but it’s not in Italy? Am I advantaged by being an Italian citizen and having lived in Italy for a long time? Would I get a similar rate as Italian residents? Would have a co-signer guarantor Italian resident help in any way?
Thank you!
Ciao Mirko
many thanks for your email.
Obtaining a mortgage from an Italian Bank as no resident is in theory possible, but each case must be evaluated specifically.
In relation to your requests, please find our anserws below:
– An income generated outside Italy could be a problem for Italian Banks but we can work on this;
– Being an Italian resident aborad could be a benefit but no that important;
– Havin a guarantor resident in Italy could be of help but it should be evaluated his financial capacity.
Hello!
I’m a 32-year-old Belgian with a stable Belgian contract (soon I’ll be transferred to the Italian payroll). I would love to buy a house in Italy to start a family. I’ve been to one bank and their proposal was rather disappointing:
60% mortgage for 15 years with 4 % of interest.
I’m in a very stable position at my work and I would like to have a better proposal. Do you think it’s possible?
Thank you in advance for your help.
Ciao Anna,
our Italian Bank Brokers can meybe help you. Please send us an email in private and they will reply to you soon.
Hi!
I’m an Indian citizen with Italian residency. I work as a Consultant Engineer with indeterminate contract. I am looking for financing to buy a residential property in india. Is it possible to get a loan from Italian banks? I’m below 35 years of age. Thank you for your time.
Ciao Max,
many thanks for you comment.
Usually Italian Banks do not finance the purchase of properties outside Italy. However, please send us an email with more details and our Italian Bank Brokers will analize your specific case.
Hello again!
I forgot to add this question to my previous post on Sept. 10, 2022. I am hearing that banks will not accept mortgage loan applications (for Italian residents) for homes valued less that 118K euros–is this accurate information? Thank you for your help.
Ciao Glenda
it depends.. if the Italian Banks deems the loan request is not convenient to them, they can refuse the application. There dos not exist a certain mimimum amount.
Hello, My husband and I (retired, both 69) are planning to become residents of Italy by February 2023. We wish to purchase our home after we become residents. Will we be able to apply for a 10 year mortgage, with the loan amount being apprx. 70%? Is there an Italian bank that would not require a younger person to sign on the loan? Thank you so much!
Ciao Glenda,
we can try to obtain a mortgage from an Italia Bank for you. Please send us an email and our Italian Bank Specialists will reply to you soon.
Hi!! I am a US citizen making $70000 annually and am interested in buying property in Italy. I was thinking somewhere in Bari. What are the requirements when it comes to obtaining a loan? What does the bank look at to determine if a loan can be granted?
Ciao Julian,
thanks for your post. We confirm that it is absolutely possible for a US citizen to obtain a loan from an Italian Bank to purchase a property in Italy. However the process is not easy and in order to success, we need to provide Italian Banks with many documents, legalized and translated in Italian. Each mortgage is specific case, so it is not possible to ngive you a response without having evaluated your singular case. Write us at info@italylawfirms.com and our Italian Bank Brokers will reply to you soon.
Ciao,
I am a UK citizen (by birth), living and working in Dubai (salary paid in local currency). Is there a lender that will support my purchase of a residential Italian property?
Ciao Oliver,
thanks for your post. Our Italian Bank Operators could assist you in finding an Italian Bank available to concede you a mortgage to buy a property in Italy; in order to evaluate your case you should please write us at info@italylawfirms.com and our Italian Brokers will contact you soon.
Hi – myself and my wife are considering a move to Sardinia and in doing so we could raise some of the funds from our home in the UK – let’s say £400,000 or roughly Euro 480,000, and let’s say the property costs Euro 700,000, we would need to borrow around Euro 220,000.
I am just approaching 60 and my wife 63, so we are under 70.
What term of loan might we get as I am 10 years off being 70, and what level of income would we need to obtain a mortgage of this amount? Would we be able to get an interest only mortgage for example?
We have rental income, and we’d let our UK property too – so we’d have income, but not sure of the rules.
If you could include some idea of howe this works, so we could look at what price of house we could go to in Sardinia, thank you.
Ciao Russell,
many thanks for yuor email.
It is possibloe to try to be elected for a mortgage in Italy but we will need to approach the Italian Banks we work with to verify if you are eligible. According to what you specified in your post, it seems you could have the sufficient requirements.
Please send us an email to info@italylawfirms.com and our Italian Bank Operators will reply to you as soon as possible.
Hello, I am a retiree who lives in Italy under Elective Residency. I am an American citizen . I would like buy a house/apartment for investment but would like to put down payment that is as little as possible . No more than 20000. My son’s name will be on the purchase. Can I get a mortgage and will I be able to make a minimal down payment? I have a good income and so does my son who also lives in Italy. Thank you. Awaiting your response. Dov.
Ciao Dov,
many thanks for your post.
It is inn theory possible to obtain a mortgage from an Italian Bank to purchase a property in Italy.
However, even if you are resident, we need to evaluate the source of your income and provide Italian Banks with specific documents related to your american pension.
Please send us an email to info@italylawfirms.com and our Italian Mortgage Brokers will evaluate your case.
Both my wife and myself were married in Tuscany, we are looking to purchase in Italy . Would we qualify for a mortgage on that basis with sufficient deposit etc ?
Ciao Tony,
many thanks for your post.
Even if you are not resident in Italy, in theory you are anyway quilified for obtaining a mortgage from an Italian Bank. However, having a financing from an Italian Bank could be not easy. Please send us an email at info@italylawfirms.com and our Italian Bank Brokers fluent in English will reply to you as soon as possible.
Hello, sorry if this question has been asked / answered but I could not find any related information.
I have dual (Italian/Australian) citizenship, and currently living and working in Germany. I’d like to purchase a property in Italy to rent out as a holiday home and also use it for myself on occasion during the year. I would prefer to get an Italian mortgage for this but I can also get a personal loan here in Germany to purchase the property outright.
What would you recommend I do and do you think that I am better off sourcing the money from Italy or from Germany? Will an Italian bank give me a mortgage for buy-to-let intentions?
Ciao Paolo,
thanks for your post.
In theory is possible for an Italian NO resident to obtain a mortgage to buy a property in Italy from an Italian Bank. However, as faras we understand from your post, your income is generated outside Italy and this could be an difficulty fro Italian banks. Nevertheless, each case must be verified singularly, so please send us an email and our Italian Financial Broker will evaluate your case specifically.
Salve Sre Paolo.
Mio marito ed io siamo residenti all’estero e siamo molto interessati all’acquisto di un immobile nella regione Sicilia. Attualmente siamo in Inghilterra, entrambi con un ottimo stipendio, ma vogliamo tornare in Italia definitivamente tra 10 anni per nostra figlia. sappiamo che c’è un’agenzia a Londra che offre questi servizi ma preferiamo farlo dall’Italia. come possiamo metterci in contatto?
Dear Maydelines,
many thanks for your post.
We confirm that our partners, Italian Bank Brokers, can assist you in approaching the Italian Banks we work with to apply for obtaining a mortage in Italy.
Please send us a private email at info@italylawfirms.com and our Bank Operators will schedule a video-call for a first meeting.
Hello, my wife is Italian and she bought a home with her sisters, but no renovation money. I have a US pension and the bank they chose doesn’t accept my money. I am resident in Sicily and married to an Italian. Is there a bank that would lend me the money for the renovations that would work with the bonuses or could we borrow from the houses equity value. Thanks…
Dear Keith,
many thanks for your post.
It is possible to obtain a mortgage from an Italian bank even if the resident generates his income abroad, even if it is not simple. Please send us an email to explain in details your financial situation and our Italian Bank Brokers will explain how they can assist you in obtain a financing in Italy.
Hi
I am uk resident with permanant redidence. My annual salary is 35000 poumd. I would like to buy property in italy that is worth 160000 euro . How much i can get mortgage from italian bank
Ciao Imtiaz,
thanks for your post.
The percentage of the mortgage you can obtain from an Italian Bank varies on dependance of many factors. Please send us an email with more details and our Italian Bank Brokers English speaking will reply to you soon.
Hello – we have residency in Sicily and divide time there. We are in the UK. We have a house paid for in Sicily. We now have land and would like to build on it. Can we secure a loan in the UK or Sicily or mortgage to assist with this using our italian home as collateral?
Thank you
Ciao Glynis,
many thanks for your email.
Given that you are resident in Italy, obtinaing a mortgage form an Italian Bank should be easier for you. Please send us an email and we will put in contact with our Italian Bank Brokers fluent in English. They will assist you in applying at a couple of Banks.
Ciao,
My husband and I are currently in Sicily searching for our retirement home. My husband has dual citizenship in the United States and Italy and also has residency in Sicily. We would like to apply for a mortgage but his private US pension will not deposit into a foreign bank account. Is it possible to acquire a mortgage through a bank in Italy that can help us with this problem?
Ciao Annamaria
thanks for your post.
Is is absolutely possible for a new resident to obtain a mortgage from an Italian Bank. Please send us an email and we will put in contact with our Italian Bank Brokers fluent in English who will assist you for applying for a financing at the most suitable Italian Bank.
Hi,
I am an Italian/American citizen residing in the States. I would like to purchase a house in Italy but would like to use a mortgage to do so. The income generated in the US is 300K+ as employee of a company. The reason for the mortgage is to keep savings liquid for other investments and, perhaps, other properties in Italy. Would I be able to get a mortgage?
Ciao Piko,
thanks for your email.
In theory it is absolutely possible for a non Italian resident to obtain a mortgage in Italy even if it is not easy. Please write us an email and we will put you in contact with our Italian Bank brokers English speaking and they will give you a specific consultancy.
Ciao, thank you for this helpful article! My husband is an Italian citizen, but we are not EU residents, we live in Australia. Are there any banks that will provide a mortgage to Australians for purchase of property in Italy?
Ciao Louisa,
thanks for your post.
In theory it is possible for not EU residents to apply for a mortgage in Italy to purchase a property; however it is a complex procedure and the financing is not always granted. Please write us more details via email and our Italian Bank Brokers will analize your specific case.
Hi.
Me(42) and my partner (54) want to buy an apartment in Italy. We both are from EU and have good wages and secured employment. What are the chances for us to get a loan from Italian banks???
Thank you for your help
Alicja
Ciao Alicja
many thanks for your post.
In theory you have good chances to obtain a mortgage from an Italian Bank. By the way the process is not easy and it could take time to be concluded. Please write us at mortgages@italylawfirms.com and our partners Italian Bank Borkers will examine your case specifically.
Hello,
My husband (60) and I (55) are American and interested in buying a property in Italy. I have dual citizenship in Italy. We would like to purchase a property for retirement purposes. Would we be able to get a mortgage??
Ciao Lisa,
thanks for you post.
You are absolutely entitled to apply for a mortgage in Italy for purchasing a property. Please send us an email at info@italylawfirms.com and we will put in contact with our Italian Mortgage Brokers fluent in English.
Hi I am an American citizen I am trying to get a mortgage in Italy , my brother lives there and I want to have him in my mortgage as well . What’s the first step I need to make. Thank you
Ciao Gio,
many thanks for your post.
It is absolutely possible to obtain a mortgage in Italy but each case must be evaluated “ad hoc”. Please write us an email and we will put in contact with our Italian Bank brokers.
Thank you for sharing your blog. Keep on posting.
Hi, I live and work in Italy , Roma, I am 30 years old and my nationality is Iraq
I want to get a loan to buy a house with no more than 100,000 EUR
which banks you can advise me ?
Ciao Mustafa
thank you for the post.
Please send us an email at info@italylawfirms.com and we will put in contact with our Italian Bank borkers who will evaluate your request.
Ciao!
My wife and I own a house in Italy outright. Is it possible to borrow a mortgage against it in order to extend the house?
Many thanks
Ciao Carl,
and thanks for your post.
It is absolutely possible to borrow a mortgage in Italy. In order to allow our Italian Financial Operators, please send us an email in private at info@italylawfirms.com and our Italian brokers fluent in English will reply to you as soon as possible.
Dear,
Thank you for the information. I am a 28 year old male from Belgium and am thinking of buying property in Italy to start a Bed And Breakfast. I have some savings due to inheritance, but would need a loan nonetheless. Is it possible to obtain a mortgage loan without showing income receipts/slips? A business plan for the Bed And Breakfast could be provided though.
Warm regards
Gilles Silva
Ciao Gilles,
there are many ways to obtain a mortgage from an Italian Bank; it depends on the way you do presente the application. For instance, in your case you could be first establish a company (by which you will run the B&B) and then apply for a mortgage in Italy with your Italian company. In a few words, it would be a project to built case by case. Please write us to info@italylawfirms.com to have a detailed assistance.
Hello, I am 28 years old, Czech nation, resident and tax payer in Finland. Is it possible to get a mortgage in Italy for a house in Sardinia (buying with my company for a business purpose – yoga retreats). The house costs 550K EUR and I would love to get it this summer. I just recently got mortgage in Finland for my first apartment for 200K EUR, would it be doable to have two? Please you can contact me via e-mail. Thank you a lot.
Ciao Pavlina,
it is absolutely possible to obtain a mortgage in Italy as no resident. Please send a request to our partners (Italian Financial Operators) to contact@italianrealestatecompany.com
Hi! It is possible to take a loan in Italy with income for me and my wife from UK? We are Romanians and we would like to move to Italy. Thank you
Ciao Valentin,
we confirm that pur partners (Italian Mortgage Operators) can assist you in obtaining a mortgage in Italy. Please write us at info@italylawfirms.com
Interestig text! I tried my self to contact banca intesa and uni credit- 2 biggest italian banks, and they both answered to me that they are not willing to give any loan to a non resident producing an income in italy(in this case germany). Do you have any idea which banks would be more open to this?
Thank you in advance
Sonja
Ciao Sonija
thanks for your post. Obtaining a mortgage for a no resident with an Italian Bank is not easy but not even impossible. Please write us at info@italylawfirms.com and we will put you in contact with our partners Italian financial borkers (that work with more than one Italia Bank). They will evaluate your case.
My husband and I are both 65 years old. We hope to become residents in Italy, but first wish to buy a home. We have chosen a property we would like to purchase but would need a mortgage for 40% of the purchase price. At our age, would we be eligible for a mortgage?
Ciao Tara,
many thanks for your post.
I confirm that at your age you are eligible to obtain a mortgage from an Italian Bank. Please take into account that it is not easy for a no resident to apply fro a mortgage at an Italian Bank. Banks in Italy are quite skeptical to give a loan to persons that generate their income above. Our Italian Financial Operators will contact you soon to explain how we can assist you.
Hello
I want to buy a property in tome.
I am 60 and could have a younger person to sign also.
I wish to put down 29 percent deposit.
I am resident in UK but am irish citizen and own property in France and Switzerland.
Could I get a mortgage for this?
I am self employed 30 years and have tax returns showing around 150, 000 income euro per annum for last three years.
Ciao Fergus,
thanks for your request.
It is absolutely possible to obtain a mortgage from an Italian Bank; by the way, there are many factors/requirements to meet (such as, the location of the property in Italy, ownership of other assets, type of income and others). Our Italian Financial lawyers will send you shortly an email to explain in details the process to start collecting documents for applying for a mortgage in Italy.
Hi,
Me (Irish, 53) and my husband (52, Dutch) are looking for a property in Italy for us when we retire. Our yearly gross earning are around 190’000 EUR, and we are both employed with permanent contracts in Switzerland, where we also live. We are thinking of a property up to 300’000 EUR in Italy, and we could put down 20% (60’000 EUR). Do you think we stand a chance to get a mortgage from an Italian bank to finance the rest?
Ciao Shirley,
given that the amount of the loan you do intend to require to an Italian Bank is quite acceptable, we think that it could be worth to try to submit an application. Please send us an email to info@italylawfirms.com and our Italian financial operators will reply to you soon.
Good morning,is it possible to obtain a mortgage in Italy to buy a property there if my salary will be in another currency, namely in zloty or british pounds,as I am not a resident of Italy? I also know that it is necessary to have a contract with indefinite duration,but is it true that I should have worked for around 2 years in a company at the moment of applying for a mortgage? I am about to change my job.Thank you in advance
Ciao Magda,
thanks for your request.
It is absolutely possible for an Italian no resident to obtain a mortgage from an Italian Bank, even if it is not always easy.
You will receive an email by our Italian Financial Operators english speaking and we will verify whether you do have the necessary requirements.
Hello, i am romanian citizen and i want to purchase a house in Italy, my mother is italian citizen, my incomes are within Romania terithory and i would also have my sister as a guarantor, her incomes are within USA terithory, would very much like to buy the house for our mother.
What can we do?
Many thanks in advance!
Good day to you!
Ciao Oana,
many thanks for your post.
Obtaining a mortgage in Italy for a no-resident is a complex process but absolutely possible. There are many factors to be considered, such as the type of income of the applicant, if there are other assets to be put as guarantees and others. In addition all the documentation must be translated in Italian and legalized by the competent Italain Authorities.
Please send us a private email and our Italian financial operators will reply you as soon as possible.
Hi , I am Canadaian want to buy a apt in . I Rome , my income is not that big 50k er
Ciao Susan
and many thanks for your post.
I confirm that it is possible for an Italian no resident to obtain a mortgagew to buy a property in Italy. Please write us at info@italylawfirms.com and we will put in contact with our Italian Mortgage Brokers that will assist you in trying to obtain your mortgage from an Italian Bank.
Salve,
É possibile per un italiano residente a Londra che e’gia’ proprietario di una casa a Londra e di una in co-proprietá in Italia ricevere un mutuo per comprare una seconda casa in Italia?
Ciao Pier
many thanks for your post.
In theory it is possible to obtain a mortgage in Italy for an Italian citizen; however the point (Italian Banks tend to consider mostly) is where the income of the applicant is generate. Send us an email at info@italylawfirms.com and our Italian financial consultants will analyze your case in details.
Hello there, I am an Italian citizen living in the US for over 12 years. My wife recently acquired Italian Citizenship as well. We were wondering if would be possible to get a mortgage in Italy to buy an investment property.
Ciao Pietro,
many thanks for your post.
Obtaining a mortgage in Italy as no resident is absolutely possible even if it is not an easy procedure. Having an Italian citizenship is not crucial since Italian Banks are more interested in evaluating other factors (such as the source of your personal income and the country where it is generated). Please send us an email with more details and our Italian attorneys fluent in English will assist you in evaluating whether you do have the requirements to apply for a morgtage in Italy to purchase a property.
I am British having lived and worked in Italy for over 30 years. I have requested a mortgage of 50000 euro for work to my new house. They say that because of Brexit my son (23 year old student) has to be’ a “garante”. Is this true?
Ciao Anne,
many thanks for your post. There are not specific rules, in Italy a mortage is a kind of negotiation with the Bank. If they ask your son to be garante, this is a thing you maybe negotiate with them.
I am needing a mortgage of €60000 to buy our 1st home, will be becoming resident ASAP. I have £60000 coming in the future from my dads will, is it possible to get a mortgage on this, the property we are wanting to buy is going to be totally off grid.
Ciao Nick,
thanks for your post. It is absolutely possible to obtain a mortgage in Italy as no resident even if it is a complex process. In order to process your application and assit you in submitting a request to an Italian Bank, we would need you to provide us with more information (such as where you are currrently resident, what your personal income and the source, where the property you do intend to purchase is in Italy and othe rinformation). Please send us an email with all the details and our Italian mortgage consultants will reply to you soon).
We are looking to purchase a holiday home in $250,000.00 range. I am 74 years of age but my son or daughter will sign for liability purposes.
Ciao Susan
thanks for your post. Of course your son and daughter can sign the purchase agreement with you as guarantor. Our Italian Real Estate Lawyers will contact you soon.
Good morning, please can I Purchase property in Italian with six months Italian document with life contact work, please I need an answer 🙏🙏
Ciao Kennedy
many thanks for your post.
It depends on your nationality. There are Reciprocity Treaties between Italy and many other Countries that allow a foreign citizen to purchase a property in Italy. Please write us in private and our Italian Real Estate Lawyers will give you a detailed response.