Mortgages and Property

France

French Mortgages for purchasing a property in France - rates from approx 3.45% in Euros + 90% LOANS NOW AVAILABLE (SEE BELOW FOR MORE INFO)

Includes residential property in France (excluding Corsica).

If you are considering purchasing a property in France, French Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for other purposes including Home Improvements.

Types of French Mortgage: Euro loans available on a Repayment basis up to 90% and Interest only up to 80%. Loans in other major currencies are available up to a maximum of 70%. Loans for Leaseback type properties are available up to 100% of the NET Purchase Price (ie: less French VAT).

Minimum Loan = € 50,000 & Minimum Purchase Price = €62,500, No Maximum Loan or Purchase Price, but must not exceed 85% of the valuation or purchase price (whichever is the lower). 90% loans possibly available for House Purchase on a case-by-case basis in Euros only.

Please note, that for loans in other currencies, the minimum Purchase Price is €230,000 and these types of loan are only available for House Purchase & possibly Home Improvements only.

Re-Mortgage loans for other purposes are only available in Euros only up to a maximum of 70% of the current valuation (Loans for Home Improvements & Transfer of Ownership are available in Euros up to 80% of the current valuation) .

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: For Euro Loans = 7 to 25 years up to age 80; For loans in other Currencies = 5 to 15 years up to possibly age 70

Currency: Euros & other major Currencies (eg: Sterling, US Dollars, Swiss Francs and Yen)

Current Interest rate in Euros: from approx 3.45% Variable in the first three months OR higher Fixed Rates throughout the mortgage term. Loans in other currencies are approx 2.00% above either 6 month or 12 month the current Interbank Oridinary Rate.

Example French Mortgage in Euros: Repayment mortgage of approx €250,000 over a period of 25 years at an interest rate of 3.45% in the first three months and then 1.00% above EURIBOR thereafter = approx €1,258.00 per month Capital & Interest for the first three months and then approx €1,385.00 per month Capital & Interest thereafter. Total approximate payment over the term of €418,000.00 including capital, interest, arrangement and survey fees.

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