Is it possible to obtain a mortgage from a bank?
Yes, it is possible but there are some conditions. If the applicant is resident in Italy and receives income in this country, the loan may be granted up to about 80% of the value of the property to be purchased. If the applicant is not an Italian resident and does not receive any income in Italy, the mortgage may be granted up to about 50% of the value of the property. Mortgages can also be obtained for renovation works. Individual Italian banks will apply specific conditions, so this information is indicative.
