Guides
Five tips for purchasing French property
30/10/2016
France remains the number one location for UK overseas buyers.
Follow the following tips from overseas mortgage specilaist Conti if you are thinking of buying property in France:
- 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.
- 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.
- 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.
- 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.
- Seek professional advice Take independent advice from an English-speaking lawyer who is not connected
Tagged: Top Tips
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