Posts in category: Transactions

French mortgage transaction of the month

Transaction of the month – a 20 year basis at 2.70% variable rate French mortgage in Meribel in Savoie

€ 485,000

A complicated application to put together as the borrower had closed down a Canadian company and only recently started his UK entity. In depth summary of the application was produced and presented to the lending committee with a successful outcome.


French mortgage transaction of the month

Transaction of the month – >1% variable rate interest only for a French mortgage in Meribel

€ 1,403,000

This loan was backed by a large portfolio of shares and bonds already held by the borrower. This enabled us to negotiate and extremely favourable rate with the bank as funds in excess of the loan amount were placed with the lending institution.


French mortgage transaction of the month

Transaction of the month – 20 year fixed rate at 3.60% for a French mortgage on the French riviera

€ 175,000

This loan was complicated by the borrower being resident in the Isle of Mann. French banks generally do not like to lend to borrowers resident in so called “Paradis Fiscaux”, especially if they are self-employed. Careful preparation of the application and additional evidence.


French mortgage transaction of the month

French Mortgage Transaction of the month – 2.75%, 25 year variable rate loan capped + 2% for ski property purchase

€ 400,000

This ski purchase of an MGM property went through without hitches. We managed to use a UK life insurance for this one though usually you have to use French life insurance with the majority of French retail banks.


French mortgage transaction of the month

Transaction of the month – 15 year fixed rate at 3.4% for a French mortgage in Haute Savoie

€ 150,000

This loan was made to a Canadian diplomat to purchase a leaseback property. It was quite difficult to put the application for the French banks but eventually we succeeded in getting it through.


French mortgage transaction of the month

Transaction of the month – 15 year fixed at 3.6% for a French mortgage in Biarritz

€972,000 Main residence

We secured this loan when placed in competition with HSBC in Paris. We managed to beat the rate and also improve on the rest of the conditions the client had been offered.


French mortgage transaction of the month

Transaction of the month – 2.9% Variable repayment for a French mortgage in Uzes

€1,200,000 Hotel Particulier purchase

We obtained this loan at a time when lending on anything remotely resembling a chalet was difficult to find. This loan at 80% LTV did require the client from Australia to leave 12 months of payments on account with the bank.


French mortgage transaction of the month

Transaction of the month – 15 year fixed rate at 3.6% for a French mortgage in Cannes

€ 650,000 Equity release

This loan was for an Australian couple to purchase a main residence in Australia. The couple runs a rental business from Australia including rental properties in the South of France. We released this equity release from the main property valued at over € 2,000,000.


French mortgage transaction of the month

Transaction of the month – 10 year fixed rate at 3.80% for a French mortgage in Belle Plagne

€ 269,000 Leaseback investment in Belle Plagne

A French mortgage for a Belgian national buying an investment property in the Alps for a mixture of investment and personal use. The property was sold under the leaseback scheme so the owner will enjoy a guaranteed rental return to help pay for his mortgage.


French mortgage transaction of the month

Transaction of the month – 25 year capped rate at 3.90% for a French mortgage in Seytoux

€ 480,000 Full Construction for a Chalet in Seytoux

This loan also involved buying out an existing loan used to purchase the land and then a further loan to construct a Chalet from scratch in Seytoux. It is worth pointing out that if you are planning to self-build you may have to apply for “Assurance Dommages Ouvrages” which can be a lengthy process.


French mortgage transaction of the month

French Mortgage Transaction of the month – Equity release and refinance

€ 1,190,000 an equity release in Chamonix

This loan was made to release equity to continue renovation works and to refinance a variable rate with a long term cap of +1% over 20 years with a starting rate of 3.60%. It is always necessary to buy out any existing mortgage on a property as French banks do not like to have a second charge.


French mortgage transaction of the month

Transaction of the month – 3.60%, variable with a cap + 1.50% for a French mortgage in Provence

€ 565,000

When French mortgages go well… This application was complete and a mortgage offer issued in 2 weeks owing to high levels of organisation from all parties involved; bank broker and client. The motivation was to ensure we secured the rate before an impending increase of almost 0.50%.


French mortgage transaction of the month

Transaction of the month – 4 investment properties in a French mortgage in Paris

€ 1,003,000 Pierre & Vacances Reuilly

This long term capped rate, on a loan amount of € 802,000 on a repayment basis with an initial rate of 3.5%, combines security with a cap at 4.6% for the duration of the mortgage, and flexibility with early repayment facility . This French mortgage in Paris was made via an SARL de Famille for inheritance reasons.


French mortgage transaction of the month

French Mortgage Transaction of the month – 25 year fixed rate at 4.60% for a French mortgage for Grand Domaine

€ 4,600,000

This long term fixed rate with no repayment penalties after two years on a loan amount of €3.8 million on a repayment basis represents an excellent negotiation in today’s mortgage market in France.