When buying property in France and would like to finance your new French property we are able to offer you a tailor made mortgage. Below you will find a summary of details related to French mortgages.

Our Service

• The service is offered through our partner Baydonhill International Mortgages; an independent broker with a team of consultants on-hand to provide you with a consultative, personal approach when sourcing a mortgage solution best suited to your individual requirements.
• Due to access to a variety of competitive and exclusive products reduced rates and margins are offered which are not available when approaching lenders directly.
• We work with a panel of lenders in France that provide us with dedicated underwriters who deliver a fast track service.
• Our bi-lingual consultants have an in-depth knowledge of their specialist areas and expertise to guide you through every step of the financing process, making it as dimple and stress-free as possible.

Our Products

• We offer French mortgages for habitable residential property including gîtes and leaseback properties.
• Financing can be arranged for acquisition, renovation, construction, re-mortgage, capital raising and bridging finance within France.
• We can offer interest-only and repayment mortgages on a variable or fixed-rate basis or a combination of both.
• Many of our products do not have any early redemption penalties. 
• A minimum of 6 weeks should be allowed from application to a lender to completion.

Eligibility & Criteria

• All French mortgages are full status and proof of income will be required.
• Terms can be from 7 to 25 years.
• French lenders assess eligibility on the applicant’s capacity to repay the loan. Approximately one third of monthly income can be taken up with existing mortgage, loan repayments and the proposed Euro mortgage. In some cases potential rental income can be taken into account.

Acquisition Mortgages

• Max LTV is 85% of the purchase price and Estate Agent’s fees.
• Leasebacks can be financed up to 80% LTV including VAT and furniture, subject to approval of the scheme by the lender. Depending on the reservation contract it may be possible to raise a French mortgage for more than 80% of the purchase price.
• Variable mortgages are fixed for an initial period and then recalculated using the EURIBOR (European Interbank Offered Rate) plus a margin.
• Mortgage Products include:

Repayment:

• Variable rates from 3.55% with margins from 1.05%.
• Fixed rates from 3.85%

Interest Only:

• Variable rates from 4.15% with margins from 1.2%.

Renovation/Construction Mortgages

• Max LTV is 100% of the total cost of the project, or up to 85% of the final value of the property.
• All work must be carried out by registered French builders and estimates must be submitted at application stage.
• Stage payments and deferred mortgages are available.

Capital Raising

• This product allows French property owners to raise funds on property that they have already purchased.
• Max LTV is 70% of the bank’s valuation.
• This scheme is available to both employed and self-employed clients, regardless of the purpose of the loan.