• Buying in: Courchevel
• Property price: €1,760,000 
• Loan amount: €1,460,000
• Interest rate: 1.60% fixed
• LTV: 82%
• Term: 20 years
• Type: Repayment

The context

This French client living in the UK had already purchased a new-build property in Courchevel with our help a couple of years ago. We kept in touch and when he saw the opportunity of buying a better, bigger, improved version of his chalet in Courchevel, he contacted us to seek a financing solution.

The idea is that he would keep his first chalet to keep the rental income coming in until the new property is built. Then he would sell the first one.

Our Approach

The rates and the mortgage landscape in France have changed a lot over the past 2 years. The rates reduced while some banks stopped financing non residents with new banks welcoming them. 

As the client was buying the property as a ‘’Residence de Tourisme’ (there is a rental obligation), the interest only option was not available, which was his favoured option. 

We looked around to find the best deal available and it came down to whether the client wanted to put assets under management with the bank or not. 

As an equity fund manager himself, he was not too keen to have someone else deal with his investment.

Thanks to our amazing contact at the bank, we got a 82% LTV repayment mortgage, over 20 years, with a fixed rate of 1.60% (fixed for the total duration).

Low deposit, low rate, high returns… what not to love?