Italy

The Mortgage Helpline International Group

Do I qualify for an Italian mortgage?

To qualify for a mortgage in Italy, including Sardinia, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and Mortgage Helpline International won’t charge you for this service.

How much can I borrow?

Calculation based on the valuation or purchase price, whichever is the lower

Up to 80% of LTV available for house purchase. Remortgage, Equity Release or home improvement loans are assessed on a case by case basis.

Based on joint gross pay, where joint income is applicable

Existing liabilities, e.g. mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed Italian mortgage payments. All this must not exceed 45% of your monthly net income.

What evidence of income do I need?

If you are employed:

Your last two month’s payslips
Your last two P60s
Your last six month’s personal bank statements

If you are self-employed:

Your last three year’s signed accounts
Your last two year’s personal tax returns
Accountant’s declaration
Your last six month’s personal and business bank statements.

Example mortgage payments

If, for example, your gross joint monthly income is £2,500, 45% of this equates to £1,125 and your only liability is your mortgage payment, of say £800, this would leave a balance of £1,700. Your Italian mortgage repayment must not exceed 35% of £1,700.

What types of Italian mortgages are available?

For our latest rates and to see the different types of Italian mortgages on offer, please contact us.

Loans available in Euros only up to 80% of the property’s value

The maximum term of any mortgage is 25 years on a repayment mortgage basis.

The minimum loan you can take out is €250,000

Calculate Mortgage Payments