• All mortgages will be in Euros, and the lender will take a first charge against
  the Italian property.
• The variable mortgages are based on EURIBOR (European Interbank Offered
  rate) plus a margin.
• Fixed interest rates are fixed for the full term of the mortgage.
• To ensure all formalities run smoothly a minimum of a six week period, from
   application to lender, should be allowed for completion.

Lending Criteria & Eligibility
• Mortgages are only for residential property.
• All mortgages are full status and proof of income will be required.
• The minimum loan amount that PropertyFinance considers is €75,000.
• The mortgages must be fully repaid by the age of 75 with a minimum term of
  10 years and a maximum term of 30 years.
• Eligibility to borrow depends on the level of commitment and current
   borrowings.
   Approximately one third of monthly net income can be taken up with existing
   mortgage, loan repayments and the proposed Euro mortgage.
• No potential rental income from the property can be taken into consideration.
• The property must be registered as habitable and a civil dwelling.

Acquisition Mortgages
• Max LTV is 80%.
• Mortgage Products available:
     • Variable rates from 3.3% with margins from 1.10%.
     • Fixed rates for up to 15 years are available.
     • Capped rates are available for up to 15 years.
     • Interest only option available.

Renovation Mortgages
• Max LTV is 65% of the final property value or 80% of the work estimates.
• Stage payments are available, the first tranche at completion and the last
   tranche to be submitted within 12 months of the completion date.
• The lender will request surveyor’s reports at each stage.

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- See also:
- Caribbean Mortgage
- Morocco Mortgages
- Spanish Mortgages
- French Mortgages