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Getting a Italian Hypothec in Italy as a Migrant
When you are a non-resident and are considering purchasing and renovating a home in Italy through a mortgages, to put it bluntly, it is not something you should consider if you do not like stressful, bureaucratic and self-observing situations. When you are a thinker about a restorative mortgages optional, do not do it unless you have an amount of available hard currency to support the payment of works.
And Barclays is a bank that has an internal department in Italy that will think about it - but as a precaution we were rejected because we didn't seem to have enough savings for our mid-30s! They do not seem to take into account any culture difference, namely that as British nationals we do not share our parents' home after the 18th birthday like Italians and in reality we have less money in the bank than your ordinary Italians.
Except if you're a big-shoot in town with a bank deposit that makes any bank executive make a saliva out of the view of your bankroll, there's not much point in going down that route; try a real brokers instead. They have to dug deeply and find notes from years ago and find the rather fussy answers to question, but he gets results and offers you a selection of the best foreign mortgage lenders in Italy.
Conditions for a restorative loan are quite easy, although a bit odd. Up to half of your restauration loan will be for work after you actually buy the home; do not depend on this kind of loan to buy your home in Italy. The bank will then require that each individual bill be sent to them so that they can see that the 70,000 euro (the minimal amount that all credit institutes borrow for a restorative mortgage) corresponds to what they give you.