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Frequently Asked Questions
Property Schemes
F.A.Q
--> What is a leaseback?
F.A.Q
--> What is a buy to let?
F.A.Q
--> Can I buy a buy to let property and keep it for myself?
F.A.Q
--> Is the VAT refund the same on new and refurbished properties for leasebacks?
F.A.Q
--> How do I get the VAT back on a leaseback?
F.A.Q
--> Is there a VAT refund on schemes other than the leaseback?
Purchasing a property in France
F.A.Q
--> Will you assist me with paper work and correspondence?
F.A.Q
--> Do you have staff able to assist me with French translations?
Mortgages and finances
F.A.Q
--> What is the maximum I can borrow with a French bank?
F.A.Q
--> What type of mortgages are on offer?
F.A.Q
--> How long can I take a fixed mortgage for?
F.A.Q
--> On a leaseback, do you borrow on the price including VAT or excluding VAT?
F.A.Q
--> Are all forms to fill out in English?
F.A.Q
--> Are interest only mortgages on offer?
F.A.Q
--> Can the bank advance the money for the stage payments when buying off the plans?
F.A.Q
--> Does it cost any thing to set up a French mortgage?
Legal Requirements
F.A.Q
--> What is a Notaire?
F.A.Q
--> What is Frais de Notaires?
Using our website
F.A.Q
--> What is the advantage of registering?
F.A.Q
--> What is the referral club?
F.A.Q
--> What is the property shopping basket for?
F.A.Q
--> How can I unsubscribe from news letter or property email alert?
F.A.Q
--> I have joined the referral club but am no longer interested, do I need to close my account?
F.A.Q
--> I have lost my password, can I recover it?
F.A.Q
--> I have registered for your news letter / property email alert but I am not receiving any thing?
F.A.Q
--> If I register for property email alert, can I stop the emails at any time?
F.A.Q
--> There is message telling me my email address is unverified, what should I do?
Other FAQ's
F.A.Q
--> Do you sell second hand properties?
F.A.Q
--> Is there taxes to be pay when you own a property in France?
F.A.Q
--> What are the links / transports to France?
-What is a leaseback?
A lease back is a property which you purchase and then leaseback for a determined number of years. Leaseback include VAT refund, guaranteed rental income and possible occupancy. You will find more information on this here
-What is a buy to let?
The buy to let is the classic way to purchasing a property and then letting it out.
The buy to let includes a guaranteed rental income and leases of 3 years at a time.
You will find more information on this here
-Can I buy a buy to let property and keep it for myself?
Yes, all buy to let properties are also available without a lease.
-Is the VAT refund the same on new and refurbished properties for leasebacks?
The amount of VAT charged on a property is different on new and refurbished properties. The VAT charges and refunded on a new property is at 19.6%. The VAT charged and refunded on a refurbished property depends on the amount of refurbishment carried out and therefore varies depending on the property. Either way the rental income is calculated on the property price EX VAT and therefore is based on the cost of the property to you.
-How do I get the VAT back on a leaseback?
When selling a property we appoint a accountancy firm which will be in charge of collecting the VAT on your behalf, it usually takes about 6 months to come through
-Is there a VAT refund on schemes other than the leaseback?
No, VAT refund applies to the leaseback only
-Will you assist me with paper work and correspondence?
Yes we will assist you in non legal documents with verbal translations throughout the purchase process, we have bilingual staff in our offices which will assist you in any way they can.
-Do you have staff able to assist me with French translations?
We can offer assistance with French paper work and offer verbal translations. For technical or legal documents we can recommend a Dublin firm which will be able to provide you with certified translations.
-What is the maximum I can borrow with a French bank?
French banks will allow you to borrow up to 80% of the property price. The limit you can borrow in relation to your earnings is more complex to calculate, for further information please contact us .
-What type of mortgages are on offer?
Variable rates mortgages, variable rates capped, in other word with a limit to how high the interest rate can rise, fixed rate mortgages, usually for up to 25 years and interest only mortgages.
-How long can I take a fixed mortgage for?
Usually 20 years but it possible in many cases to borrow on interest only for up to 25 years.
-On a leaseback, do you borrow on the price including VAT or excluding VAT?
It is possible to borrow on the cost of the property ex VAT and ask the bank to advance the cost of VAT until it is refunded by the government. Borrowing on the cost including VAT will allow you to use the refund of VAT either to build up your property portfolio or to lower your monthly repayments by placing the money. This should however be reviewed on the case by case bases as the banks may only offer one option.
-Are all forms to fill out in English?
Yes most of the financial institution we work with all forms and correspondence are in English
-Are interest only mortgages on offer?
Yes, mainly for investors some conditions have to be met in order to receive an offer for an interest only mortgage.
-Can the bank advance the money for the stage payments when buying off the plans?
Yes the banks will advance the payments of stages, you can ask to only start repaying once the property has been handed over, there is however a cost to it as you will have to pay interest on the funds advanced
-Does it cost any thing to set up a French mortgage?
Yes there is a cost of approximately 2 to 2.5% to set up a mortgage, the mortgage itself is often offered with very competitive rates which can balance out the initial cost over the years.
-What is a Notaire?
A notaire is a public notary, you will need a notaire to purchase your property in France, we can recommend several English notaires in France.
-What is Frais de Notaires?
The frais de notaire is the fees relating to the purchase of the property, they include the actual fees for the notaire and a number of fees and levies that the sellers’ notaire will repay to the government, Frais de notaire are usually between 3 and 3.5% for new properties and higher for refurbishments. You will find more information on this Here
-What is the advantage of registering?
By registering you will gain access to several online services to include our property email alert, news letters, use of the property basket, access to the referral club, pre filled contact form when contacting us or requesting information on a property.
You can register here
-What is the referral club?
The referral club will allow you to refer potential customers to us and earn points which will buy you items from our catalogue, for more information please click here
-What is the property shopping basket for?
The shopping basket will allow you to save properties of interest to you on your account and contact us to request brochures for several properties at once.
-How can I unsubscribe from news letter or property email alert?
You can unsubscribe directly from your control panel .
-I have joined the referral club but am no longer interested, do I need to close my account?
No you can leave your account as is and simply not use it, you can unsubscribe from the e-letter from your control panel . If you however wish to close your account please contact us.
-I have lost my password, can I recover it?
Yes you can recover it here.
-I have registered for your news letter / property email alert but I am not receiving any thing?
First you should be aware than you will only receive properties matching your criteria and those added since you have registered. Then your email address must be verified, please go to your control panel to see if your email address has been verified.
If all is in order please verify than your spam filter does not block our emails by mistake.
-If I register for property email alert, can I stop the emails at any time?
Yes, you can stop email alerts and news letters at any time from your control panel . Every email sent out to you will also include a link allowing to unsubscribe within one click.
-There is message telling me my email address is unverified, what should I do?
Under this message you will find a link, click on the link and following instructions.
-Do you sell second hand properties?
We mainly sell new properties, however from time to time we offer selected refurbished properties, please review our listing of properties for more detail, this will be indicated.
-Is there taxes to be pay when you own a property in France?
Yes, for detail of taxes to pay please contact us as this depends on personal circumstances and the property you purchase.
-What are the links / transports to France?
There are several airlines offering regular flights to France from both Ireland and the UK along with ferries, you will find links to this companies by clicking clicking here.
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