Mortgages for Foreign Nationals in Italy
Local banks and other lenders in Italy do issue mortgages to foreign nationals. Some of the local lenders that provide mortgages in Italy include:
- Banca Intesa Sanpaolo (https://www.intesasanpaolo.com/it.html)
- UniCredit (https://www.unicredit.it/it/index.html)
- UBI Banca (https://www.ubibanca.it/portal/it/home.html)
- Banca Popolare di Sondrio (https://www.bancaps.it/en/)
It is advisable to research and compare the mortgage products offered by different lenders, taking into account interest rates, repayment terms, and any additional fees or charges.
Deposit When Buying a Property in Italy
The deposit required when buying a property in Italy depends on various factors such as the type of property, the location, and the lender’s requirements. On average, a deposit of 10% – 20% of the purchase price is required.
Responsibility for Outstanding Debts on the Property in Italy
In Italy, new property owners are not responsible for any outstanding debts on the property unless they have agreed to assume these debts as part of the purchase agreement. It is important to thoroughly investigate the financial history of a property before purchasing it, including any outstanding debts or liens, to ensure that you are aware of any liabilities that may arise.