Whether you’re buying a French holiday home, thinking of moving to France or remortgaging your French house, we can save you time and money
There can be few ideas more romantic than that of buying a property in Paris, but it can be tricky
Here’s an overview of how the French property purchase process works in France
Here’s what to expect if you are thinking about purchasing a dream home in France with a French mortgage.
We have prepared these French Mortgage guides to provide you with an idea of the process involved. This is what to expect if you are thinking about purchasing a dream home in France with a French mortgage.
All French Mortgages are in Euros and secured against French residential property. The maximum loan to value available, for non-French residents, is currently 85% of the purchase price. This can include estate agent’s (immobilier) fees but not Notaire’s fees. French Mortgages can be obtained for the purchase of new-build (VEFA) or existing properties, main homes, second or holiday homes or investment properties including Leaseback schemes.
A variety of French Mortgage products are available for your French property purchase. Interest-only and repayment mortgages can be arranged. These can be on a variable rate, capped or fixed-rate basis, or a combination of both. Terms can be from 5 to 25 years and fixed-rate mortgages permit you to fix the rate for the lifetime of the loan! Euro mortgages must be repaid by the age of 75 to 80. French mortgage rates are all based on the Euribor, the interbank lending rate set by the European Central Bank. The Euribor is currently negative, hence why French mortgage rates are at near-historic lows.
"Our experience with Fiona, Georgia, Natalie, Nathalie and the rest of the IPF team was fantastic and we would not hesitate to recommend them to our family and friends. Never during the process did we feel that we were "in the dark," as the IPF team was very proactive, prompt and informative in their communications. They made what could have been a daunting and stressful process a very straight forward and smooth one."
"Fiona and her team helped us finance our dream home in the Haute Savoie in France. They made the process shockingly simple on our end, with accurate and clear guidance and proactive communication at every step, coordinating all parties involved. We felt extremely well taken care of, and the IPF team was a pleasure to deal with. Highly recommended."