InLvoe

Hi everyone. Those of you which have purchased a home in Italy can you share what % the bank loaned you? Also which bank would you recommend, or avoid? Are we best to use a broker, or not if we can manage?
We are in Vicenza area and currently going through the process to purchase our first home.
All tips and advice also welcome.
Thank you!

37100

​​​​​​Unless 35 or under, a bank will usually only lend 80%. IntesaSanpaolo is the exception with a 95% mortgage, but it's difficult to obtain. Some other banks will give you an 80% mortgage and make the difference up with a personal loan, but it works out expensive. ( we've just don't the rounds for a family member).

modicasa

Technically the maximum loan in Italy is 80% , so you are already asking virtually the impossible by asking for 85 - even if there are some banks which juggle the figures to arrive at higher numbers. Obviously it all depends on your income as to whether you'll get there. Go for the bank with is least likely to fail and opt for a fixed rate mortgage - its going to get bumpy!