Financing your purchase

There are several ways for you to finance the purchase of a property abroad either with your own bank (equity release mortgage or re-mortgage in general) or by using a French bank.

One of the main advantages to using a bank in France is that you can borrow funds against the value of the property you purchase and therefore use it as collateral without having to involve your own property at home.

Another big advantage of French mortgages is that French banks will often offer fixed interest rates for the full period of the mortgage, often up to 25 years, and that even a fixed rate will often be very competitive.

Also on offer is a capped mortgage, in other words, a mortgage with a variable interest rate but limited in advance to a maximum rate.

When buying off the plans you will be asked to pay in stages, for instance, 5% at reservation, 35% when signing the contract with the notaires, 15% when the foundations are completed etc…Another advantage of French banks is that they will make those payments for you (the first payment will include your personal funds), and you will only start repaying once the property is complete. Interest will be charged on the money advanced.

We can help you to find the mortgage that suits your needs with a reputable French financial institution. Not only we will help you to find a French mortgage, but we will also assist you in filling out the forms and putting together the necessary paper work.

Forms to be returned to the banks are generally provided in English

And for investors, interest only mortgages for a period of up to 15 years are also available.

As a general guideline, French banks will lend up to 80% of the value of the property. Please click here to access our affordability calculator, click here to access our mortgage calculator.

If you intend to finance your property in Ireland we can advice you on a mortgage broker which will be able to assist you.

For further information on French Mortgages please contact us