Mortgages and Buying in France

Euro Mortgages in France: Arranging French Housing Finance
Lending criteria in France are far more complex and restrictive than in the UK and the whole process can take quite a lot longer than most people expect.

French Mortgage lenders expect clients to put down at least a 20% deposit and to have a reliable income stream. Many mortgage companies will however include the guaranteed income from a Leaseback as part of their calculations and the VAT payable on new builds at 19.6% can be refunded to use as a deposit.

Currency risk can be significantly reduced, if the income from the leaseback is structured to repay the mortgage loan, either in part or in full.

Finally, mortgages can be arranged on an interest only or capital repayment basis over terms of up to 25 years.

We recommend specialist UK regulated brokers www.offshoreonline.org, to arrange mortgages.

Your home may be repossessed if you do not keep up repayments on your mortgage.
Changes in the exchange rate may increase the sterling equivalent of your debt.
Life cover may be required to effect a mortgage.