If you want to get a mortgage in France, the process doesn’t have to be complicated. In fact, making them less complicated was the reason French Private Finance was created; to cut through red tape and make the whole process of buying a property in France transparent.
There are lots of things to consider when looking for mortgages in France and care must be taken at every stage of the process. Our range of French mortgage guides detail what is likely to happen at every step. They also list the type of information and documents you will need to get for us to be able to facilitate your application.
- Application process
- Bank criteria
- Decision in principle
- Purchase process
- Required documentation
- French mortgages products
Why get a mortgage in France now?
There has never been a better time to get a mortgage in France. Rates are currently just above their all time lows and this is for a number of reasons. The Tec 10 index, which gives a view on how much the French government pays to borrow money over 10 years in France, fell this summer (2014) to its lowest ever level.
As a result, French interest rates fell to their lowest ever levels too.
One of the main ways French mortgages differ to those in the UK is that you can fix the rates for such long periods; normally from 15-25 years and even longer terms are available depending on the personal circumstances of the applicant. This means that with the current low rates, non-resident buyers can secure amazing long term value through their French mortgage.