Italian mortgage for the purchase of a property in Italy is available to non resident citizens with Barclays Bank. A maximum of 70% LTV is available.
Italian property in need of restoration can also attract finance with an Italian Restoration mortgage for a maximum of the higher between 70% of the restored house’s value or 70% of the restoration costs.
If you plan to buy a house in Italy and you require further information on current fixed/variable mortgage rates email MIPC for our Italian mortgage datasheet.
Yesterday the British bank Barclays made an improved offer of 540 million euros (804.6 million dollars) for 135 branches of Italian Banca Monte dei Paschi di Siena (BMPS).
This expansion by Barclays despite the crisis saw Barclays offer about four million euros per branch office, an increase from 2.5 million euros proposed a year ago.
Barclays is unusual among European banks in that it is expanding. Last year it picked up cheaply the North American activities of failed US investment banking giant Lehman Brothers and now appears particularly interested in southern Europe.