Renovation mortgage · Turin and Piedmont
Renovation mortgage in Turin: purchase and works in a single application
A good part of Turin’s housing stock is period property: anyone buying knows the building work starts after completion. Few banks finance the purchase and the works in one package, and each of them handles the application differently. We know which ones do it and exactly what they want to see.
- ★ 5,0 272 Google reviews
- 30+ lenders approached in parallel
- < 30 gg to approval, on average
- 0 € if you don’t reach completion
You only pay if you reach completion
Our advice carries no risk for you: our broker fee is due only if you obtain the loan and sign at the notary. If you do not complete, you owe us nothing. The amount is confirmed to you in writing before we start, together with every cost charged by the bank.
Average timings recorded on applications handled by this branch. Approval remains the bank’s decision: timings can vary depending on the lender and on how complete your documents are.
What people usually think
Buying and renovating are two operations the bank reads as one
This is the kind of case where a mistake does not cost you fractions of a point: it costs thousands of euros you have to find at the last minute.
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“I’ll buy with a mortgage and take a personal loan for the works”
Two separate operations cost far more than the same sum inside the mortgage.
Why
You can do it, but it costs considerably more. A €30,000 personal loan over seven years can end up several times more expensive than the same amount inside a mortgage. If the works are already planned, they belong in the application from the start.
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“The bank lends 80%, so I have room”
The surveyor values the property as it is, not as it will be. On a place needing work the valuation drops.
Why
The surveyor values the property as it stands, not as it will be once finished. On a home needing work the valuation falls precisely when you need more capital, and 80% of a low valuation is far less than you had worked out from the purchase price.
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“I’ll bring the quotes later, first let’s see if they approve it”
Without an itemised quote the works portion is not even assessed: the application stalls.
Why
Without an itemised quote — and, above certain thresholds, a bill of quantities and the building permissions — the works portion is not even assessed. A bank cannot finance work that is not documented: the application sits still until the paperwork arrives.
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“They’ll release everything at completion”
The works portion often comes out in tranches, tied to interim surveys.
Why
Often not: the works portion is released in stages, with interim surveys certifying what has been done. That means payments to the builder have to be planned around the tranches, or you end up with the site idle and the money not yet released.
★★★★★
Avevamo bisogno di un supporto economico per acquistare e ristrutturare. Dopo una serie di rifiuti per la pratica giudicata "difficile", è riuscita a ottenere in poco tempo quello che prima era stato valutato impossibile.
Why with us
What we actually do
We shortlist only the banks that finance the works
There are far fewer of them than lenders financing the purchase alone, and the terms vary widely. We start there rather than finding out after three refusals and six wasted weeks.
We tell you exactly what the surveyor needs
Which quote, in what detail, when a bill of quantities is required and which building permissions to attach. We prepare the file the way the lender expects it: less back and forth, fewer weeks.
We compare one mortgage against a mortgage plus a loan
We put both repayment schedules in front of you side by side, with the total cost of each. Sometimes a single application is better, sometimes splitting is: it depends on the size of the works and how much time you have.
Single release or release by stage of works
Lenders who finance renovation take one of two routes. With a single release you receive everything at completion and pay the builder as you see fit: it is the simpler arrangement, usually reserved for modest works and solid profiles. With release by stage of works (SAL in Italian), the capital comes out in tranches as the site progresses, each one unlocked by an interim survey certifying the portion completed.
The staged arrangement protects the bank and, indirectly, you as well — you will not end up with the money spent and the work half done — but it imposes a discipline: payments on account to the builder have to be negotiated so that they line up with the tranches, otherwise you risk having to fund them yourself. It is one of the things we agree before signing, along with the timing of the interim surveys, because a site standing idle over a cash-flow mismatch costs more than any difference in margin.
Request a call backHow we work
From the call to the signature
- 01
First call
The property, the scale of the works and the funds you have available.
- 02
Quotes and documents
We tell you what is needed: an itemised quote, a bill of quantities for significant works, building permissions.
- 03
Comparing lenders
We shortlist those releasing in one go and those releasing by stage, with the costs of each arrangement.
- 04
Through to release of funds
We follow the survey, the approval and, where applicable, every staged tranche.
Google reviews
Who chose us
★★★★★
Il mio forma mentis mi porta generalmente a dubitare ed evitare di usufruire di questi servizi perché ormai "c'è internet" e per cattive esperienze passate. Questa volta ho deciso di andare un po' contro me stesso e accettare l'aiuto di Marcello, che mi ha fatto cambiare idea sin dal primo incontro. Mi ha trovato il mutuo migliore per me al momento, ha risolto tutti i miei dubbi con parole chiare e comprensibili ai non del mestiere: non ho dovuto fare niente se non inviargli i documenti che servono. Insomma, probabilmente è il primo professionista che pago volentieri.
★★★★★
Ottimo servizio, preciso e veloce. Sono stata seguita con grande tempestività sin dal primo contatto, senza mai ricevere false speranze ma solo soluzioni concrete e trasparenti. Grazie al supporto di Alex, l'iter burocratico è stato molto più semplice e senza intoppi. Persona, oltre che qualificata, di una disponibilità e gentilezza rara. Un servizio efficiente che consiglio vivamente a tutti.
★★★★★
Devo ringraziare enormemente Alex Franzino di Kiron, che mi ha aiutata a ottenere il mio primo mutuo al 95% nonostante la mia situazione da giovane partita IVA non fosse la più ideale. Mi ha supportata moltissimo nei chiarimenti tecnici ed è sempre stato presente durante il percorso, facendo anche da tramite con l'agenzia immobiliare e gli altri attori. Con il suo aiuto non ho praticamente sentito la pesantezza burocratica. Consiglio fortemente per chi, come me, ha bisogno di una guida nei meandri bancari e burocratici.
Start here
Tell us about your situation
Four questions about renovation mortgage. An adviser from the Turin office calls you back having already read your answers: no need to repeat it all on the phone.
- You don’t need to have found a property yet — the earlier you call, the better
- No documents to prepare for the first call
- If the deal does not stand up, we will say so straight away
- You only pay if you sign at the notary
FAQ
Frequently asked questions
Can I finance the purchase and the works together?
Yes, several lenders allow it: the works portion is released on the basis of quotes and the survey, either in one go or by stages. Not every bank does it and the terms vary a great deal: this is exactly the kind of case where starting with the right lender saves weeks.
Do I need a quote from the builder?
Yes, itemised. For significant works you also need a bill of quantities and, depending on the work, the building permissions. The surveyor uses them to estimate the value of the property once finished.
Is a single mortgage better, or a mortgage plus a loan?
For modest sums and short timescales a personal loan is simpler and faster; for larger amounts a mortgage costs appreciably less but takes longer and needs more paperwork. We will work through it together with both repayment schedules side by side.
What happens if the valuation comes in lower than expected?
The loan-to-value is calculated on that figure, so the amount released falls. On a property needing work this happens often. That is why we check the picture before you sign the preliminary contract: knowing in advance how much of your own money might be needed keeps you from getting stuck halfway.
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