Duration and age Italy

Duration and age

Regarding the age aspect, the financing culture in Italy is different from that in the Netherlands. The maximum age at which a mortgage must be terminated is at age 75. This aspect has an impact on the maximum term and thus the feasibility of a mortgage application.

For non-resident buyers, terms of 25 years are possible. In practice, banks will usually offer non-resident buyers maturities of up to 20 years.

The age at which a mortgage is applied for has an impact on the maximum amount that can be borrowed. This is because the maximum amount to borrow is lower when the monthly payments are higher. And monthly payments are higher with an annuity mortgage when the term is shorter.