With more than 30% of Italy’s overseas buyers coming from the UK, according to Connect Overseas, the range has deals up to 80% LTV, with interest rates from 3.25% variable rate and a 4.05% fixed rate option.
Loans start from €250,000, with seven to 25-year mortgage terms available. In addition, there are no early repayment charges on specific products, a fixed rate switch option and payment holidays available after year one.
Liz Syms, managing director of Connect Overseas, said: “What is great about this range of products are the elements of flexibility available and the ability to opt to have no ERCs on certain products, as well as a fixed rate switch option.”
Bernadette Byrne, the mortgage business developer for BNP Paribas International Buyers, said: “We estimate the market for UK buyers will be worth potentially up to €615m in 2013 and our product range reflects the confidence we have in the Italian market, which has proved to have been resilient in the face of the financial crisis.”
