mortgage rejected due to house listed as a warehouse?

[adriatica]

barn elms... you might well be interested in this thread... a shame maybe that you did not get to see it before... however we all get caught out and we all learn a bit from the process.. luckily there are those that are willing to highlight some practices... and own up to being caught out a bit... hopefully at the end of it all we mange to shrug off the bad taste left buy dealing with the sharks of the world and end up wuith soemthing we want and are proud of...

http://www.italymag.co.uk/forums/pro...ome-blurb.html

[barn_elms]

Thanks adriatica. As you say, it would have been helpful to have seen it before I committed myself. I was taken in by the notion that the company concerned was UK based and by their (verbal) claim that most agents, except for themselves, were dodgy....
Anyway, I hope this is all useful for estherina34 who started the thread.

[estherina34]

hi thanks for all your comments guys...indeed all my worries are what you mention....i would just walk away if the house wasnt so rightgod dams it!hehe...does anyone know what ugo is saying in his italian message above...i have no idea!!bless him tho!
thank you sweet guys

[alan h]

Originally Posted by estherina34

hi guys,
we just been through a very drawn out process applying for an italian mortgage with GE bank in italy, only to be told that our house is listed as a warehouse on the registry papers,.................
.............................we are buying via 'housearounditaly.com' in avellino naples....................:

I suggest that you tell the agent that you expect them to sort it out before you'll sign for the purchase. If they can't get it re-classified for habitation, I wouldn't touch it with a barge pole [however wonderful it is] because of probable problems with mortgage, selling later on etc etc..

Good luck!


.

[Mathematician]

It really should be included somewhere in the advice column for first-time buyers or potential buyers, that just as important as the house, price, terms, etc. Rule #1 CHECK YOUR CADASTRAL CLASSIFICATION -- when we were looking our agent (totally fab, ethical, successful) was super-careful to only show us properties classified correctly, i.e., non-luxury and non-commercial. He carefully explained that classification would carry over into every aspect of home ownership, including property tax rates, utility rates, and a host of other bureaucratic potential nightmares. When questioned about changing the classification, his answer was, don't bother, it will be terribly expensive and require a "connected" geometra and perhaps soldi neri (graft) in some cases!! What a nightmare that would be, and why start if it can be so easily avoided?

[mipc]

I too find it hard to believe that people attempt to buy properties without carrying out the essential steps of any property search that any lawyer or even yourself can do.
Please make sure you ask for the following documents from any agent or seller prior to even considering a purchase :
1) ATTO D'ACQUISTO O DI PROVENIENZA DELL'IMMOBILE (Atto di acquisto o Atto di Successione ecc.); This is the Title deed
2) DOCUMENTAZIONE CATASTALE (Estratto catastale di mappa, visure catastali e planimetrie catastali dell'immobile); These are the local council's planning departments existing paperwork regarding the building, ie building classification, location on map...this way you know what parts of the buildings have been officially approved and registered.
3) CONCESSIONE EDILIZIA OPPURE D.I.A. OPPURE PERMESSO DI COSTRUIRE These are any council approved plans for any proposed building development or modifications like refurbishment or any extensions .
4) SE LA PROPRIETA' E' UNA SOCIETA: visura camerale;
If the seller is a company, this is to find out the details of the company.
5) EVENTUALE DOCUMENTAZIONE ATTESTANTE LA STIPULA DI ATTI DI MUTUO SUGLI IMMOBILI. These documents find out if there is any existing mortgages or borrowings against the property.


If a seller provides all the above you are over the first hurdle and you then know what you are buying, if they don't i'd suggest to walk away from that dream property which may just turn into one big nightmare.

[barn_elms]

I too find it hard to believe that people attempt to buy properties without carrying out the essential steps of any property search that any lawyer or even yourself can do.

Unfortunately some Property Consultants/lawyers are not as ethical as one assumes you are, and can appear to be doing all the things that you say (and most people know) are important. The reality, when it is too late to back out without losing money, can be more complicated than the simplistic scenario that you present.
Similarly, Mathematician's point about the Catastale (Cadastro is the Spanish version, I think) is is only part of the picture and just checking the scheduling as she suggests without doing what you say with regard to searches at the Comune can still land you in trouble.
There is a danger that those that have advice to give can appear smug and all-knowing, which can act as deterrent to those who are prepared to share their bad experiences with others for their benefit. - Just a thought...

[Angie and Robert]

So the advice is down to the perception of the reader?, I found Davids post useful and informative, perhaps your comments re smug and a deterrant were meant more generally?. And if so generalisations are never really helpful either.
A

[estherina34]

this isnt helping guys...haha!...argue amoungst yourselves..

[CMJ Oliver, Solicitor]

Dear Esther

I would agree with the advice of others here to be extremely wary. In order to apply to change the classification you will need to present an application to the Comune together with a project for the necessary works to be carried out to allow the property to change its status. Only a geometra/surveyor/architect can help you with this who has detailed knowledge of the structure itself and the local building regulations. Even once you have paid for their work, the Comune may reject your application and you may never be able to change the classification. Is is worth buying if there is this risk?

Charlotte Oliver