Mortgages

Finding a mortgage in France can be a complicated and daunting experience even if you
do speak French. Which bank should I use, do they compete with rates and terms, how
much of a deposit will I need, will they speak English? These are questions we can
answer for you. We evaluate the best and most up to date offers available from a range of
mortgage sources in France and the UK, giving you all the answers you need to decide
which is the most suitable option for you.

10 Key Facts

•        As a non French resident you can apply to borrow up to 85% of the purchase price.
•        It is necessary to have enough cash to fund the deposit (minimum of 15%) plus the
   notary fees (approximately 8%). i.e. 23% of the purchase price in cash.
•        Depending upon your age you can borrow for up to 30 years.
•        Fixed, variable, capped, repayment and interest only loans are all available in France.
Financial Expat
A Spectrum IFA Group Partner

•         There are no specific ‘Buy-to-let’ products but some future rent can be taken into
      account when applying for the loan.
•        “Income is King!” in order to qualify your income must satisfy the Banque de France
      debt ratio calculation.
•         Net or Gross income may be used, depending upon the bank applied to.
•         There is a comprehensive list of paperwork required for each application.
•         Rates vary dramatically from one to bank to the next, typically the best rates are for 80%
      repayment loans; the more unusual and flexible the finance solution the more expensive
      it tends to be.
•         Introductory rates rarely tell the true story of what you will pay long term. Many banks
      use the Euribor 3 or 12 month index plus a hidden margin.

We can also offer a range of additional services to ensure your property purchase is completed
satisfactorily and your legal and protection requirements are fully taken care of.

Click Here - to download our Mortgage factsheet
Steve Grover is a Spectrum IFA Group partner
« The Spectrum IFA Group » is a registered trademark, exclusive rights to use in France granted to
TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 Paris
« Société de Courtage d'assurances » R.C.S. Paris B 447 609 108 (2003B04384)
Numéro d'immatriculation 07 025 332 - www.orias.fr
« Conseiller en investissements financiers, référencé sous le numéro E002440
par ANACOFI-CIF, association agréée par l'Autorité des Marchés Financiers»