Italian Mortgage adviceCan anyone

You not only want a mortgage on a property being sold at asta, but you are not resident in Italy? I think you are being a bit too optimistic. AS a non resident, and UK you will have to supply a mountain of paperwork - literally a mountain - all translated into Italian, tax returns, payslips, NI stuff - the list is endless. Then you want to buy a house a auction whci is probably unmortgageabe. Im afraid to say but for a UK resident to try an Italinan mortgage you shouldstart 2 years before you need the money. Virituanlly no bank will consider you and those that might wont be interested in a mortgage for a property at asta. Deutssche bank just may say encouraging things, but I cant think of any italian bank.

Or you could remortgage your place in the UK

Try Credem, sold a house to a person with a variety of problems and they managed to solve them all

I'm an American with status as a resident of Italy and I just completed a refinancing (suroga) transaction on my house in Italy. Went from a 5.76 interest rate with Barclays to a 3.75 rate with Banca Popolare di Bari for the reaining 21 years of the original loan term - and that was not a simple thing as I'm 61 years old. I used Ugo at Lifeinitaly.it. I've used him to help secure mortgages on two houses over the past 10 years, and we just signed on the most recent refi on November 20. So while I don't intend for this post to sound like a commercial endorsement, it's starting to feel like one. I know that he has experience working with distressed properties and he may be able to provide some direction in your case. Ugo is not your run of the mill loan broker. He has an unusually deep understanding of the innerworkings of the legal and financial intricacies of the Italian way of doing business and has found creative ways to solve problems in each of my transactions. Thanks

I agree with Boschetto's opinion. I'm a business advisor working on the day-to-day with corporation and I coundn't expect to be so difficult for an international citizen obtaining a mortgage for financing as well as refinancing a property in Italy.One of my American friends was helped by Ugo to solve his financial needs for buying a property in Calabria. His professionalism and efficiency was very impressive. This was possible thanks to Ugo and LifeinItaly.it

There is a world of difference between a resident and a nonresident getting a mortgage in Italy.

salve Modicasa , certainly there is a difference, but also for non-Italian customers who are not resident in Italy, it's possible to find the necessary solution, with the right contacts, expertise, and a good dose of perseverance., modestly.Ugo , by Lifeinitaly.it