Our 63 and 58 year old clients were looking for a mortgage for their holiday home in France. Whilst most French lenders don’t have a fixed age limit to apply for a mortgage, they do want to see that you can repay the mortgage back in full by the time you are in your 70’s.

In addition, there is the issue of life insurance with the majority of French banks requiring the borrower to take out a policy with their chosen provider, regardless of what you already have in place. Taking out life insurance in your 60’s is not a cheap option and can often be so costly that it prevents you from meeting the banks affordability criteria.

As the biggest referrer of non-resident mortgages in France, we were able to negotiate a 16 year term for our client with no additional life insurance requirement and a reduction in the rate from 2.20% to 2.16%.

And that’s not all. We achieved a fast turnaround for our client going from submission to mortgage offer in 6 weeks.