Barclays Mortgage
for International Clients

Fixed Rate Mortgage

The interest rate remains fixed for the life of the loan regardless of current market rate.

This means also that you know exactly where you stand throughout the duration of the loan.

The Fixed Rate is based on the official index for long term loans (IRS) to which a margin (Spread), specified on the loan offer letter, is added.

This means that the amount of the regular repayment cannot change until the end of the mortgage term.

Penalties might apply and full details can be supplied on request and will always be included in the loan documentation.

• Minimum loan amount 70.000,00 euros
• You can borrow up to 80% of the purchase price or valuation for purchase-whichever is lower and up to 70% of the final valuation for renovations

• 10 to 30 years
• To be repaid over 10, 15, 20, 25, 30 (must be paid in full before your 85th birthday)

COMPULSORY PRODUCTS:

• Building Insurance against fire and natural catastrophes.  In event of a claim, the insurance company will pay the bank the outstanding mortgage balance.  This insurance does not cover any contents and rebuilding costs of the property.
• Barclays Italian Bank account