MORTGAGE FEES IN ITALY

MORTGAGE REGISTRATION FEE

• FIRST HOME MORTGAGE: 0,25% on the mortgage amount
• HOLIDAY HOME MORTGAGE: 2% on the mortgage amount

FIRE-EXPLOSION INSURANCE

Depending on mortgage duration, value of the real estate and appointed bank
(i. e. real estate value: €270,000.00 – LTV>60% – Duration 25 years – Insurance cost €700.00 one-time for the entire duration of the mortgage).

BANKING ARRANGEMENT FEE

Around 1% of the mortgage amount; max of €3,000.00 in most cases. This varies for each bank.

APPRAISAL

From €300.00 to €500.00. For properties including extended plot of lands, the price of the appraisal could sensibly vary.

BROKERAGE FEES

Due only in the case of the mortgage being approved; from 1,5% to 4% of the mortgage sum varying according to the conditions with a minimum of €5,000.00.
Total sum divided in two: the first 50% paid once the mortgage bas been approved with the remaining 50% paid on signature of the mortgage deed.

On our information sheet, which can be downloaded from the home page of our site, you can find the following:

Section 1: Information on the credit broker;
Section 2: Characteristics and typical risks of credit mediation
Section 3: Economic conditions of credit mediation
Section 4: Contractual clauses governing credit mediation