Accollo del mutuo (Mortgage Assumption)

An arrangement where a buyer takes over (assumes) the seller’s existing mortgage on a property. Instead of getting a new loan, the buyer (accollante) agrees to pay the remaining mortgage debt under the same terms. This requires the bank’s approval and a formal contract. It can save mortgage setup costs, but the buyer should verify the loan conditions. In an atto di compravendita, an accollo is noted so the mortgage stays with the property under the new owner.