This client approached us as she wished to raise finance to purchase her parent’s apartment in Paris. Purchasing from family can be tricky and the French banks will only be willing to approve a mortgage if the purchase price of the property is at the current market rate.
We presented our clients case to the bank and were successful in securing a €289,000 repayment mortgage for our client at 85% LTV over 25 years at a rate of 2.25 fixed for the entire term of the mortgage.