Apartments for sale overlooking Lake Como Italy, cheap mortgages, Italian property developers and estate agents with apartments for sale near Varenna in Lombardi, Northern Italy

Buying property in Italy or abroad, especially in emerging property investment markets involves many hidden risks. Lengthy research must be taken to ensure you acquire an investment property in Italy with sound title, strong rental demand, positive cash flow and excellent capital growth. We undertake that research for you and select only those property developments and investment opportunities that we believe offer the best ratio of risk and reward for our clients. We believe this property development near Varenna offers the best value apartments in Lombardi.

Start of article about investing in property near Lake Como in Italy.

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Italian Mortgages

Mortgages are available, subject to status, through Italian banks secured on your property. Below is a table with examples of terms offered recently to clients after carrying out an official bank valuation. Obviously interest rates can vary and these figures are for example purposes only; please see table below:

Repayment term	Interest rate	Monthly cost per 1000 euros
Variable Rate
10	Euribor 3 months 3.864 + 0.80	10.44
15	Euribor 3 months 3.864 + 1.00	7.84
20	Euribor 3 months 3.864 + 1.00	6.52
25	Euribor 3 months 3.864 + 1.10	5.82
Fixed
10	5.45%	10.83
15	5.55%	8.20
20	5.65%	6.96
25	5.75%	6.29

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Italian banks have provided us with a valuation of over 3000 m2 as an average price across all floors. We recommend you use Banca San Paolo or BNL, a local bank who have supplied mortgages for our current clients. Alternatively our mortgage finder service can find specialist overseas mortgage brokers and present you with mortgage products in Italy. Available Loan to Value: Normally 70% subject to status. Note this is typically the purchase price, not the actual market value.

Note that Buy to Let or self-certifying mortgages do not exist in Italy. It is similar to France where no rental income is assessed in the application. The bank looks at only net monthly income, to see if it is three times the monthly mortgage repayments. You will typically need 3 months bank statements, 3 months' pay slips or other proof of income if self-employed and the latest annual tax documents, such as a P60 for UK tax payers.

For more information on these apartments please complete an enquiry form

How Do I Buy an apartment in Italy?

We are aware that buying and investing in property can often be a daunting and painstaking experience. Our property finders in Italy provide a client relations team that can give you one-to-one personalised service that ensures that your Italian buying experience is an enjoyable one. We can give you as much or as little assistance as you need. We operate a hassle free policy which allows you to feel at ease and take your time and digest all the information in your own time before making any decisions.

We know our apartments are some of the best investments in Italy. We are simply here to advise you which apartment is best suited to your needs.

Step 1: Enquire for more information on our products

Our property finders will respond to your enquiry by sending you all the relevant documentation you have requested, including brochures, price listings and development information.

Step 2: Request Viewing

Our property finders will take care of all of your travel and accommodation needs for you. We can arrange your flights for you and we will pay for your accommodation for up to 3 days in the 4 star hotel in Varenna.

Our operations director will personally meet you from the airport and take you to your hotel. Once you have settled she will then take you to the development site for your one to one viewing where you will be given as much time as you need to look over our apartments and penthouses and the local area.

We can at this time arrange for meetings with our apartment lettings agent, any of the local banks and or solicitors that may help you with your purchase.

Step 3: Agree to Purchase

At this point our property finders will send you the relevant forms for your signature and a 30% deposit will be put down to ensure the sale of the apartment of your choice. Once the contracts have exchanged within 28 days we can then refund any viewing trip cost that you have incurred, for example flight and excursion costs.

Step 4: Completion

Our operations director will meet you in person on location for the completion. At this stage you will meet with the notary and the local bank to have to sign off for the mortgage. All of the final payments will be made, for example notary fees, IVA costs and the balance for the property. Once all the commercials have been agreed, the sale will be completed. Once again, our operations Director will be with you personally to ensure that everything goes as smoothly as possible.

About The Area

Varenna is a commune (municipality) on Lake Como in the Province of Lecco in the Italian region Lombardy, located about 60 km north of Milan and about 20 km northwest of Lecco. As of 31 December 2004, it had a population of 882 and an area of 11.2 km².

Lake Como is situated in Lombardy, Northern Italy. It is part of the Italian Lake District; a popular destination for holidaymakers and visitors for well over a century who come to this beautiful region for it's combination of fresh air, water, mountains and fine weather.

We believe we offer the best value for money apartments for sale on Lake Como.