Good morning,
Submitted by giuseppinasibilla on Wed, 10/16/2019 - 04:26
In reply to A newbie all over again! by Annec
Good morning,
In Italy there's a restriction on mortgages provided by banks.
They loan up to 80% of the building value; there are also products where it is included a sum for restoring the property (but there are restrictions too about the sum that will be given for restoration)
Please note the bank asks for a "Bill of Quantities" of the works and a "Perizia Tecnico Estimativa" ("Valuation Survey" and "Building and Structural Survey") to set building value. Please note the "Perizia Tecnico Estimativa" will include for cadastrial info, planning permission, floor plans, etc.
Unfortunately, the definition of non-resident Italian citizen it is not "clear"; if you own an Italian passport you should have an address somewhere (your family house, for example, or your rental property) otherwise you're registered with A.I.R.E (Agagrafe Italiani Residenti all' Estero). Please note I specified as bank will definitely ask for more details.
God forgives them, because
Submitted by Ugo on Wed, 10/16/2019 - 21:21
In reply to A newbie all over again! by Annec
God forgives them, because they do not know the realities they are talking aboutfor residence in Italy > https://www.lifeinitaly.it/Inglese/italyresidenceguide.htm For Mortgage > https://www.lifeinitaly.it/Inglese/Italian_Real_Estate_Mortgage_to_non_italians_Guideline.htm
Dear Ugo,
Submitted by giuseppinasibilla on Thu, 10/17/2019 - 02:59
In reply to God forgives them, because by Ugo
Dear Ugo,
Thanks for being specific.
As you will notice from my comment I haven't detailed the residence process nor the bank process.
Regarding opening a bank account, I have only specified the point "Fill in the necessary forms" regarding the Italian mortgage with the papers to be provided ("Perizia Tecnico Estimativa", etc.). I haven't said anything about "Non resident" or "Resident" bank account, Internet banking, fees, mortgages rates, etc.
Regarding residence, as you will notice, we have said exactly the same thing as I haven't specified anything about the process; I have only said the definition of non-resident Italian Citizen is not "clear" and more information will be asked as:
1) Italian Citizen are registered to Comune "Anagrafe" otherwise they are registered as "Italiani all'estero"/A.I.R.E.
2) Regarding non-Italian Citizen haven't specified anything about 18 months to move residence within the Comune territory (not mandatory to own property in the meanwhile, it can be rental!), EU no border Agreement, Third European Agreement, VISA (outside Schengen), EU "Tessera Sanitaria" (or health insurance, if non EU), IMU, TARI, TASI, etc.
Thanks again for being more specific and sharing info as I did in other threads.
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