ITALY
Mortgage
Types Available:
Residential
Mortgage 5 to 30 years up to age 75
Re-financing for Home Improvement
Known
Banks & Policies: Nuova Banca di Credito di Trieste, Banca Commerciale Italiana.
Please ensure that you will have full title to the Italian Property on completion
and that any legal documentation is available for the lender. With new properties,
find out the date the property in Italy will be registered in your name as the
lender cannot lend on the security of the Italian property until it has been registered.
An Italian Bank account is required if you are a foreigner.
Minimum: €50,000,
maximum 80% of valuation or purchase price.
http://www.mortgagesoverseas.com/country.asp?Country=134
Current
Interest Rates: From approx 4.45%
Other
Fees / Taxes: Upon request
FRANCE
Mortgage
Types Available:
Residential
Mortgage ( For Euro Loans = 7 to 25 years up to age 80; For loans in other Currencies
= 5 to 15 years up to possibly age 70)
Re-financing for Home Improvement
Known
Banks & Policies: Banque de Picardie, Banque Populaire Group. Please note,
that there are no non-status/self-certification French mortgage facilities available
in France (although renting out your property is permitted), all loans need to
be supported by a minimum requirement of proof of income, i.e. if employed - copies
of your last three month's payslips & copies of your latest P60/Employer's
Reference together with copies of your last 6 month's Personal Bank Statements
will be required or alternatively if you are self-employed - copies of your last
three years Audited Accounts & copies of both your last 12 month's Business
and last 6 month's Personal Bank Statements will be required on application.
http://www.mortgagesoverseas.com/subpage.asp?country=130&id=166
Current
Interest Rates: From approx 3.45%
Other
Fees / Taxes: Upon request
SPAIN
Mortgage
Types Available:
Repayment
& Interest only Mortgages
Known
Banks & Policies: Banco de España, Banco Atlántico. Please note,
that there are no non-status/self-certification Spanish mortgage facilities available
in Spain (although renting out your property is permitted), but minimum documentation
lending schemes up to 50% LTV, may now be considered on a case-by-case basis.
Unfortunately
in Spain, the Spanish Lenders will NOT take into consideration any proposed Rental
Income from the property for Spanish mortgage purposes/repayments.
If you are
a foreigner, you will need to obtain an N.I.E (Numero de identidad de extranjeros),
these must be applied for in person ay any national police station in Spain.
Current
Interest Rates: From approx 4.05%
Other
Fees / Taxes: Upon request
PORTUGAL
Mortgage
Types Available:
Repayment
or Interest only Mortgages
Known
Banks & Policies: Banco de Portugal, Banco Comercial Portugues. All full status
Portuguese mortgages need to be supported by a minimum requirement of proof of
income, i.e. if employed - copies of your last three month's payslips & copies
of your latest P60/Employer's Reference together with copies of your last 6 month's
Personal Bank Statements will be required or alternatively if you are self-employed
- copies of your last three years Audited Accounts & copies of both your last
6 month's Business and last 6 month's Personal Bank Statements will be required
on application.
Current
Interest Rates: From approx 4.15%
Other
Fees / Taxes: Upon request
GREECE
Mortgage
Types Available:
Repayment
or Interest only Mortgages (Maximum 25 years - up to age 73)
Known
Banks & Policies: Bank of Greece, Alpha Bank. Unfortunately in Greece the
Lenders will NOT take into consideration any proposed Rental Income from the property
for mortgage purposes/repayments, unless this can be guaranteed by a rental management
company for at least two years.
Current
Interest Rates: From approx 4.85%
Other
Fees / Taxes: Upon request
