Wednesday, March 17, 2010

Italy: mortgages for overseas properties.

The Italian market is slowly becoming more accessible to non residents, despite the fact that very few Italian banks provide a customized non-resident service and many agreements are made on a case by case basis. Although a few major players have withdrawn their non-resident offerings from the market in recent years, there are other Italian banks entering the playing field, who in contrast, are warming up to the UK borrowing culture by developing their product range to better service the non-resident market. We are excited to announce that we are now able to offer finance for the purpose of Bed & Breakfast acquisitions, (on a case by case basis) and in the near future, will be able to expand to other small commercial loans.
Attractive new products now available for our clients are capped rates that guarantee a cap on the increase of the monthly repayment; in addition, mixed rate products are available for our clients who want to feel free to switch between variable and fixed rate during their term. For those products ask us to introduce you the Baydonhill financial services.

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