Mutuo
A mortgage loan secured against property. In Italy, residential mortgages are typically long-term (15–30 years) and may be fixed or variable rate.
Notaio (notary)
A public official who drafts and registers the final deed of sale (rogito). The buyer usually chooses the notaio; fees are typically a few percent of the price, depending on the transaction.
Rogito
The formal signing and registration of the property purchase deed before the notaio. Until rogito, you are not the registered owner.
Caparra confirmatoria
A deposit showing serious intent to buy. Rules around forfeiture differ from a simple deposit; your consultant or notaio should explain the exact clause in your compromesso.
Compromesso / preliminary contract
A preliminary agreement between buyer and seller outlining price and conditions before rogito. It may include penalties if either party pulls out without cause.
TAN (Tasso Annuo Nominale)
The nominal annual interest rate on the loan. It does not include all fees and costs.
TAEG (Tasso Annuo Effettivo Globale)
The APR-style measure in Italy: includes interest and certain costs, so it is usually higher than TAN and is useful for comparing offers.
LTV (Loan-to-value)
Loan amount divided by property value or purchase price. Italian banks often lend up to a maximum LTV that depends on income, residency, and the property.
Non-resident / resident status
How you are taxed and what documentation banks expect can differ if you are not tax-resident in Italy. This affects affordability checks and sometimes maximum LTV.
ISEE
An indicator of household economic situation used for some benefits in Italy. It may be referenced in broader financial planning but is not always the main input for non-resident mortgage underwriting.