Application :
The value of the property is calculated on either the value determined by Banca per la Casa's surveyors, or the actual purchase price of the property (preliminary sales agreement), whichever is lower. If the applicant intends to live full time in Italy and applies for and receives residency, the bank’s policy governing residents will apply.

Your Application

Whenever we receive a mortgage application we will always consider it very carefully. The main question that we ask ourselves when we are processing the application is:

- Is it a realistic financial commitment for the individual concerned? Will our prospective customer be able to manage the borrowing without compromising his/her standard of living? This evaluation will be based on your salary, any other sources of income and your financial commitments.

- If the answer to this question is ‘no’ then we have to decline the application, which will naturally be disappointing for both Banca per la Casa and the applicant.

- If the applicant is married it will be necessary to declare your partners income even if the mortgage application is in one name only.


Credit Bureau

For non-resident applicants, appropriate credit bureau checks in the foreign country of residence will be carried out.


Financial Feasibility

The mortgage application, budget planner and supportive documentation on revenues and expenses are essential for us to ensure that the monthly mortgage payment will be in the range of one third (33%) of the net disposable income available after the fulfilment of the applicant’s financial obligations and living expenses in the country of primary residence. Any other savings or investments will also be taken into consideration when processing the application.


Property Characteristics

The property must be certified as residential (ex-rural homes newly certified as residential are acceptable). The valuation carried out by the Bank’s surveyor must confirm the normal marketability of the property.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. The sterling equivalent of your liability under a foreign currency may fluctuate due to exchange rate movements.