Both the employees and the self-employed and freelancers can submit the request. The bank will review all documentation before disbursing the mortgage. The stipulation of the contract must be made in front of a notary.
Anyone who takes out a first home mortgage has the right to significant tax breaks. However, the first house must not be a luxury property and to buy must be a natural person. Furthermore, those who buy and intend to benefit from the concessions must not own other houses in the same municipality. Lastly, on the whole national territory there must be no properties purchased with first home discounts.
If the seller of the property is a private individual, the tax breaks are:
- VAT exempt
- Registration tax of 2%
- Mortgage tax: 50 euros
- Cadastral tax: 50 euros
Same situation if you buy a house from a non-passive VAT company. If, on the other hand, the seller is a construction or renovation company and the deed is signed within 5 years from the end of the works, it means that we are interfacing a taxable person with VAT.
The facilitations in this case will be divided as follows:
- 4% VAT
- Registration tax: 200 euros
- Mortgage tax: 200 euros
- Cadastral tax: 200 euros
The best offers for June 2020
We do a first home mortgage simulation in fixed rate and we assume that a 35-year-old employee, residing in Milan, who receives an income of € 2,600 per month, requests it. Let’s assume that the loan amount is 100,000 euros, the property value is 200,000 euros and the loan term is 30 years. The survey was carried out on June 15.
The most convenient solution is Fixed home mortgage Banca Carige which presents a monthly installment of 310.29 euros (Tan 0.75% and Taeg 0.91%). This mortgage is reserved for consumers, i.e. natural persons who act to discover strangers to the professional business activity carried out. All the contractors, at the expiration of the mortgage, must not be over 75 years of age.
The maximum amount payable is 50% of the lower of the purchase price and the appraisal value of the security property.
In second place is Mortgage Mps Mio in promotion of Banca Monte dei Paschi di Siena which has a monthly payment of 309.84 euros (Tan 0.74% and Taeg 0.96%). The rate is fixed for the duration of the mortgage.
The appraisal will be carried out by technicians approved by the bank with expenses charged to the customer. The MPS Mio Mortgage in promotion can be granted until 30 September next. Those who opt for this mortgage are entitled to a discounted rate.
Now let’s move on to a first rate home purchase mortgage at a variable rate and assume that to request it is a 35 year old employee, residing in Milan, who receives an income of € 2,600 per month. Let’s assume that the loan amount is 100,000 euros, the property value is 200,000 euros and the loan term is 30 years. Loans were recognized on June 15.
The best variable rate first home mortgage is registered Unicredit (Tan 0.50% and Taeg 0.61%) with a monthly payment of 298.97 euros. Periodic expenses are free; reduced the preliminary ones. The maximum age of the youngest applicant at the expiration of the mortgage cannot exceed 80 years old.
For mortgage applications, with practice filed at the branch within 30 days from the date of the quote requested from MutuiOnline.it, promotional conditions will be applied. Compulsory fire / burst coverage required on the property subject to mortgage guarantee.
Affordable also variable rate mortgage Credem with a monthly payment of 294.61 euros (Tan 0.40% and Taeg 0.68%). There are many advantages for those who opt for this product: delivery at the time and an app to be updated in real time.
This mortgage is reserved for all natural persons who have a certain income obtained continuously. Applicants must be over 18 years of age and on expiry of the mortgage must not exceed 75 years. Fire and burst insurance is mandatory.