hOW MUCH CAN I BORROW?
As a non-resident buyer the maximum you can borrow today is 85% of the property price/value excluding all fees. If you are a French tax resident with income in France (excluding rental income) this can sometimes go up to 100%. This is also dependent on your nationality, country of residence, income and existing mortgages and loans. Please beware that at present the minimum borrowing for an 85% mortgage is 350 000 Euros. For a 70% mortgage there can be a minimum depending on the bank but we can only offer this is some areas of France like French Alps and French Riviera.
What are the current rates?
The rates depend on the LTV (loan to value), the type of property you are buying and the area you are buying in. Rates depend on your personal situation and the area you are buying in. For example on the French Riviera the best rate on offer today (August 2023)for a 20 year term is 5,45 % fixed.
WHY USE A FRENCH INDEPENDANT BROKER LIKE US?
Applying for a French mortgage is totally different to most other countries. First of all the French bank don't use referencing like in the UK and other countries. The mortgage is based on your personal situation and the documents you provide. We are a licensed broker based in France, experienced in finding the best French mortgage for you and your situation.
SHOULD YOU CONTACT US BEFORE SIGNING THE CONTRACT/COMPROMIS?
Yes, we recommend you contact us before signing anything as we can pre-qualify you and therefore avoid any issues before you get tied in to a contract. It is important in France to ask the notaire/agent to add a clause if you are going to take out a mortgage. We can help you with this.
can i obtain a mortgage if i am self employed or a company shareholder
Yes, this is possible as long as you can show a regular income over the last 3 years. Please contact us for pre-qualification before buying a property.
WHICH REGIONS OF FRANCE DO YOU COVER?
We cover the hole of France and have partner banks in different areas.
WHY USE A FRENCH BASED BROKER RATHER THAN A UK BASED BROKER?
As a French based broker we are regulated in France and therefore have more bank partnerships than a UK broker can ever have. Most French Banks won't work with a foreign brokers which means their offer will be more limited than ours.
are interest only mortgages available in france?
Yes there are interest only mortgages available in France however they are only available to clients who have good level of assets other than their main home. The maximum LTV is 70% and the term 14 years and minimum mortgage is 350 000 Euros.
I PAID CASH! CAN I POSTFINANCE THE PROPERTY?
If you have just bought a property and paid cash it is possible to apply for post finance of the property up to 6 month after the purchase.
Which nationalities can be financed
This depends on different points like the company you work for, your work contract, your passport, your visa or work permit. We mainly finance clients from UK, Europe and USA but there can be exceptions to this especially if you work for a multinational company so please contact us.