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
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.
Your Mortgage Guides
Your Mortgage Award Winners 2019-2020
Download our guide to the best mortgage lenders in the UK
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.
