Did you know that you can get UK mortgages for property in Italy? Sure, it’s a well known fact that you can get a UK based mortgage for homes in Spain and France seeing as these are the top two destinations in Europe for British property buyers – but in truth you can get a mortgage from a UK bank to buy property in Italy that is secured on your Italian home.
This fact means that suddenly the exciting and desirable Italian property marketplace opens up to far more people - and with an Italian mortgage from a UK lender you can now make your dream of owning your own home in Italy come to fruition.
The entire process to find a property in Italy that you like, to get a mortgage agreed in principle, hold up the entire sales process while you process all the red tape and then actually get the money released on the day required was an absolute nightmare before it became possible to get UK mortgages for property in Italy.
If the vendor even agreed to wait for you to get your mortgage in place it was a small miracle sometimes! And because all of the associated paperwork involved in bringing a third financial party to the mix (i.e., the lender) was so long, drawn out and complicated it put many a buyer off in the past as they felt totally out of their depth.
Barclays Bank from the UK recognized this issue very early on in the recent cycle of British buyers considering making a purchase in Italy. And as a direct result they took what was at the time quite a bold decision to wade into the Italian banking sector and get their feet wet by beginning to offer UK mortgages for property in Italy priced in euros, handled in Italy and marketed to British buyers.
The gamble has quickly paid off and today Barclays Bank has over fifteen years experience and over fifteen branches in Italy to assist British buyers with every single aspect of the Italian property purchase process – apart from actually going so far as to tell a buyer exactly which beautiful property in Italy to buy that is!
The UK mortgage service that they provide in Italy for British buyers is so comprehensive that Barclays have even produced free guides to working with homes and property in Italy for their customers and potential clients, they offer a wealth of information about living in Italy and cover such subjects as driving in Italy, health and welfare and retiring to Italy.
So, if you want to begin finding out all about your entitlement to finance to buy an Italian home and you want access to all of the above mentioned information as well as a free assessment of what you could potentially borrow, simply click here, complete the short form you are redirected to with your contact details and Barclays will be in touch and do all they can to help you.
