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Renovation mortgage · Cesano Maderno and Brianza

Renovation mortgage: purchase and building work in one application

In Brianza a good part of the housing stock is thirty years old or more: anyone buying knows the building work follows the purchase. Few banks finance purchase and works in one go, and they all handle the application differently.

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Ci ha seguito passo dopo passo nell'ottenimento del nostro primo mutuo

  • Kìron Partner S.p.A. · OAM no. M39
  • More than 20 partner lenders
  • 25 years of experience

This is for you if

You are buying a house that needs work, or you want to renovate the one you already live in.

How it works

Among the few banks that also finance the works I find the one that suits your case, prepare the file the way the valuation requires and follow every release of funds.

What you get

Purchase and works in a single application, carried through to completion and to the last stage payment of the building work.

  • What is financedPurchase and works together, against the value of the property once finished.
  • Extra documentsAn itemised quotation, a bill of quantities above certain thresholds, planning consents.
  • Worth knowingThe surveyor values the house as it stands: on a property needing work the figure starts lower.
  • First assessmentFree and with no commitment: we look at whether it is feasible, at no cost and with no obligation to proceed.

On your own, or with me

The same house, two ways of paying for it

On your own

  • You buy with a mortgage and take a loan for the works
  • The personal loan costs far more than the same sum inside the mortgage
  • You bring the quotations later and the case stalls
  • You find out at completion that the works element comes in stages

With me

  • Purchase and works in the same application, where possible
  • Mortgage rate on the works element too
  • The file prepared the way the valuation requires
  • Stage payments and builder's instalments aligned before you sign

Which of the two routes is better depends on the size of the works and on how much time you have: I put both sets of figures in front of you.

Check your own case

Start here

How the consultation works

  1. 1
    First callThe property, the scale of the works and the cash you have available.
  2. 2
    Quotations and lendersI tell you what the valuation needs and select who releases in one go and who releases in stages, with the cost of each arrangement.
  3. 3
    Through to the release of fundsI follow the valuation, the approval and, where applicable, every stage payment.

Four questions, then your number. I call you back in the time slot you choose.

Step 1 of 5

Which province is the property in (or are you in)?

I look after clients in person across Monza e Brianza, Milan, Como and Lecco: that is the area where I can meet you and where I know the branches I deal with.

What do you need?
What is your employment status?
What is your employment status?
What is your employment status?
Do you have an adverse listing on the credit register (CRIF / protests)?

I ask now rather than later for one reason: with an active listing no bank will look at the application, and I do not want you to lose weeks getting to a no I can already see.

How do I reach you?
  • I call you back within one working day, in the slot you choose.
  • It is ten minutes on the phone: you do not need to prepare anything.
  • The assessment is free and commits you to nothing.

FAQ

Frequently asked questions

Can I finance the purchase and the works together?

Yes, several banks provide for it: the works element is released against quotations and the valuation, either in one payment or in stages. Not every lender does it and the terms vary considerably: this is the kind of case where starting with the right bank saves weeks.

Do I need a quotation from the builder?

Yes, itemised. For substantial works you also need a bill of quantities and, depending on the work, the planning consents. The surveyor uses them to value the property as it will be once finished.

Is a single mortgage better, or a mortgage plus a loan?

For modest amounts and short timescales a personal loan is simpler and quicker; for larger sums the mortgage costs appreciably less but takes longer and requires more paperwork. We look at it together with the two repayment schedules side by side.

What if the valuation comes in lower than expected?

The percentage available is calculated on that figure, so the sum released falls. On a property needing work this happens often. That is why I look at the position before you sign the preliminary contract: knowing in advance how much of your own money you might need avoids getting stuck halfway.

Other services: Mutuo prima casaMutuo seconda casaSurroga mutuoConsolidamento debitiCessione del quinto

Calogero Fortunato — credit broker in Cesano Maderno

Who handles your case

Calogero Fortunato

Owner of the Kìron agency in Cesano Maderno · Credit broker

I have been doing this for 25 years. In that time I have learned one thing that really matters: the difference between a yes and a no almost never lies with the client, it lies in which bank reads their situation and how it is put to them.

  • Kìron Partner S.p.A. — credit broker registered with the OAM under no. M39
  • Via Borromeo, 29 · 20811 Cesano Maderno (MB)
  • By appointment, including outside office hours for those working in Milan
0362 528415 About me