You are here: Home - Specialist Mortgages - Guides -

Five tips for purchasing French property

0
Written by:
30/10/2016
France remains the number one location for UK overseas buyers.
Five tips for purchasing French property

Follow the following tips from overseas mortgage specilaist Conti if you are thinking of buying property in France:

  1. Obtain an Approval in Principle This will confirm that you can obtain the necessary funds before signing any dotted line and prove to sellers that you’re a serious buyer.
  2. Consider exchange rate fluctuations We generally recommend that an overseas mortgage and the income used to service the mortgage repayments are in the same currency, thus avoiding exchange rate issues.
  3. Open a French bank account To receive your French mortgage, you’ll need to open a French bank account, from which your mortgage payments can be debited.
  4. Factor in additional costs Bear in mind that bills don’t end at the asking price. Lawyer’s fees, local and national taxes, insurance, and so on, can often add at least a further 10 per cent to the cost of your acquisition.
  5. Seek professional advice Take independent advice from an English-speaking lawyer who is not connected
Tagged:

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Save money now!

See how much you could potentially save by remortgaging to a different product

Your Mortgage Guides

Guide to Offset Mortgages

Download our handy guide to offset mortgages, brought to you in partnership with Scottish Widows Bank

Read More >

How much can you borrow?

A calculator designed to help you understand how much you can borrow towards your property
Read previous post:
2220643-auction-room
Guide to buying property at auction

You can pick up a bargain when you buy property at auction, but it pays to know exactly what you...

Close