Mortgages in France.
We're a UK
based International Mortgage Broker specialising in helping
home buyers secure French mortgage plans and property loans
from the UK. When it comes to securing a French mortgage
plan we only use specialist advisors who have direct access
to French banks and property loan companies. We ensure our clients
receive expert advice and have access to the best
French mortgage rates when it comes to financing their home in France.
French Mortgage
Lending.
Currently the maximum loan we can secure for a French mortgage
is around 90% with mortgages in France available over a
maximum term of 25 years.
Mortgages in France.
Most French mortgage loans are offered on a repayment basis, with both
capital and interest payments having to be made. Rental
income is not normally taken into consideration when
assessing the mortgage finance in France. Most mortgages in
France must
be repaid by the age of 70 and most French mortgage lenders will need you to
take out life insurance. French Mortgage rates will
vary depending on status and type of loan. Please contact us
for an illustration.
To help you prepare for your
mortgage in France and help complete the application itself
we've put together a checklist of paperwork we'll need when
we submit your application to the lender, please follow the
link below. For a decision in principal please complete our
secure
e-form
and we'll get back to you within 48hrs.
Overseas Mortgages are not regulated by the FSA or
arranged via Sesame Ltd.
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Buying a property in France. |
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Do not miss!
For a limited time,
Barclays are offering an excellent guide packed with
essential home buying information. The guide is designed to be a key reference point
and contains details of the buying process, handy buying tips,
property hotspots & options for financing your home. Simply
follow the link below to receive a copy!
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register for your free copy >> |
| Lending criteria &
rates.
Please see the table below for
lending criteria and rates for mortgages in France.
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Property purchase in France.
Property purchase in France is well
regulated and once a price has been agreed a Promesse de
Vente is normally used to form a contract between buyer and
seller. You have a seven-day cooling off period during which
time you can withdraw from the purchase without penalty. In
order to proceed the buyer is required to make a deposit of
10 percent of the agreed price (5 percent for a new build)
and the Notaire will hold these funds on behalf of both
parties.
The Notaire is a Government official responsible for the
legalities of the purchase itself and acts on behalf of both
the buyer and seller. Because of this many purchasers feel
more comfortable instructing a UK based solicitor to act
solely on their behalf to oversee the whole process.
The completion involves
both parties the signing of the Acte de Vente , all fees and
the balance of the purchase price are payable to the Notaire.
French Property Purchase & Typical Legal Costs.
Legal fees in France vary depending on the price of a property
– as a percentage these will be are higher on cheaper
properties. Notarie's Fees are generally around 1% of the property
purchase price. If you decide to use a French solicitor to protect your
interests when buying a property in France you can expect
to pay fees in addition to the Notaire who’s services are
mandatory.
Estate Agent’s Fees in France.
A French estate agent will
normally charge the buyer around between 4 and 10
percent for the services they provide. As this fee can vary
greatly it is
always worth clarifying this cost early.
French
Registration Fees.
A land registry fee of about 5.09 percent is payable on
completion (much less for new properties) together with
mortgage registration fees of between 1 and 2%.
If you've already found a property or need to start things moving quickly, you
can download our pre-qualification form now, sign and fax it
back to us, and we'll take care of the rest!
This information is for guidance only and does not constitute
regulated financial advice. We strongly urge you to take
appropriate legal and taxation advice before purchasing any
property. Overseas mortgages are not regulated
by the FSA.
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