PRACTICAL GUIDES
Questions and Answers about Mortgage Financing
Financing does not have to feel like a maze of technical terms. At FINOVA, we believe clarity is the first step towards a smart decision. Explore our Practical Guides and FAQ centre to understand the financial language and every step of the process — without fine print and without complications.
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Which taxes do I have to pay to the State at purchase?
When buying a property, there are two main taxes paid to the State: IMT, calculated based on the property value, location and intended use, and Stamp Duty on the purchase value at 0.8%. Stamp Duty is also charged on the mortgage amount at 0.04% for terms under 1 year, 0.5% for terms from 1 to 5 years, and 0.6% for terms over 5 years. In addition, Stamp Duty applies to charged fees at a 4% rate.
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