A new range of mortgages has been launched for intermediaries with clients seeking to buy a home in Italy .
International mortgage advisers Connect Overseas has teamed up with BNP Paribas International Buyers to offer a wide selection of products to people looking to purchase Italian property .
Deals include loans with variable interest rates starting from 3.25 per cent and fixed rates from 4.05 per cent and LTVs up to 80 per cent with a mortgage term of up to 25 years available.
Liz Syms, managing director at Connect Overseas, said the mortgage products should appeal to British buyers, who make up over 30 per cent of Italy’s overseas buyers .
She commented: "We are delighted to be offering these new mortgages which are now on our Connect Overseas Pro website, where intermediaries can access all the product information necessary to source, quote and advise clients."
Bernadette Byrne, mortgage business developer at BNP Paribas International Buyers, added: "We are very pleased to have Connect Overseas as one of our partners marketing these products to their intermediary clients."
"We estimate the market for UK buyers will be worth potentially up to €615 million (£537 million) 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 ."
New Mortgage Products For Italian Homes Launched
Mon, 13 Jun 2011
