Mortgages and Property

France

Includes French residential property

Loans available for the majority of Nationalities for either House Purchase or re-financing for other purposes including Home Improvements.

Type of Loan: Euro loans available on a Repayment basis up to 85% and Interest only up to 80%. Loans in other major currencies are available up to a maximum of 70%.

Minimum: £ 25,000, No Maximum, but must not exceed 80% of valuation or purchase price (whichever is the lower) for loans under €75,000. For loans over €75,000, mortgages up to 85% of the Purchase Price for Purchases only can also be considered. Please note, that for loans in other currencies, the minimum Purchase Price is € 230,000 and are for House Purchase & possibly Home Improvements only.

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 3.50% Variable in the first year OR higher Fixed Rates throughout the mortgage term. Loans in other currencies are approx 2% above either 6 month or 12 month the current Interbank Oridinary Rate.

Example in Euros: Repayment mortgage of € 80,000 over a period of 15 years at an interest rate of 3.50% in the first year and then 1.70% above Euribor thereafter = approx € 579.20 per month Capital & Interest for the first year and then approx 4.45% thereafter = approx € 619.20 per month Capital & Interest. Total approximate payment over the term of € 114,176 including capital, interest, arrangement and survey fees.

Further information