Latest transaction: €680,000 Loan for a property in Les Gets, French Alps

Posted on 24 Jun 2020 in Transactions
Latest transaction: €680,000 Loan for a property in Les Gets, French Alps

Buying in: Les GetsProperty price: €850,000Mortgage amount: €680,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.80% FixedLoan-to-value: 80% The background British living in Japan for more than a decade, our client wanted the highest Loan to Value available at the best rate possible. Many banks accept to finance EU residents only. Others accept to finance British expats only if they are staying overseas […]

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Mortgages options in France

Posted on 17 Jun 2020 in French Private Finance
Mortgages options in France

There are about 5 different mortgage options in France. Each has its own advantages and inconveniences but you will definitely be able to find the solution that suits you best and match your financial needs / projects. Which one is for you? The Classic French Mortgage: Lock in long term value The standard mortgage option […]

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Latest transaction: €500,000 Loan for a property in St Martin de Belleville, French Alps

Posted on 10 Jun 2020 in Transactions
Latest transaction: €500,000 Loan for a property in St Martin de Belleville, French Alps

Buying in: St Martin de BellevilleProperty price: €1,100,000Mortgage amount: €500,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.50% FixedLoan-to-value: 45% The background Our British client is a Hong Kong resident. Renting in Hong Kong is very expensive and it was difficult to fit within the debt to income ratio limit allowed by the French banks (your outgoings cannot exceed 33% of your income). […]

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After Covid-19, how has the French mortgage landscape changed?

Posted on 03 Jun 2020 in Market
After Covid-19, how has the French mortgage landscape changed?

1 – Overview of the situation Late 2019 and early 2020 saw French mortgage rates reach all time lows. During that time, we managed to secure a 20-year repayment mortgage with a fixed rate of 1.08% in the French Riviera, a 20-year repayment mortgage with a fixed rate of 1.20% in Paris and a 20-year repayment mortgage […]

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Latest transaction: €190,800 loan for a property in Cieurac

Posted on 20 May 2020 in Transactions
Latest transaction: €190,800 loan for a property in Cieurac

Buying in: CieuracProperty price: €254,400Mortgage amount: €190,800Mortgage type: Interest OnlyMortgage term: 14 yearsInterest rate: 2.45% FixedLoan-to-value: 75% The background: Our clients were a mixed couple (British / French) and the husband wanted to buy a second home in his wife’s hometown in the Lot department (South West of France).  Our approach: Both were salaried with good income and no debt in the […]

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The French mortgage application process | part 2

Posted on 18 May 2020 in French Private Finance
The French mortgage application process | part 2

1 – FIXED OR VARIABLE RATE? Fixed rates The majority of loans in France for French property utilise a fixed rate for the term. Fixed rates are available over 10, 15, 20 and even 25 years. The rate is fixed for the entire duration of the mortgage. This offers a high level of certainty as […]

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Latest transaction: €701,750 loan for a property in Courchevel

Posted on 13 May 2020 in Transactions
Latest transaction: €701,750 loan for a property in Courchevel

Buying in: Courchevel, French Alps.Property price: €1,002,500Mortgage amount: €701,750Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.65% FixedLoan-to-value: 70% The Background When running a ltd company, French banks will look at your salary & dividends for the past 3 years to assess affordability. This can prove difficult for business owners who tend to pay themselves just what they need. The client had an […]

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Should you purchase your French property through a SARL (LLC) ?

Posted on 01 May 2020 in Market
Should you purchase your French property through a SARL (LLC) ?

An SARL is a limited liability company and one of the most common types of business in France and very popular with Foreign residents buying in France. This type of company must be composed of two or more partners or you can create an EURL (single-member company with limited liability) if you want to set […]

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Latest transaction: €714,480 loan for a property in La Plagne.

Posted on 22 Apr 2020 in Transactions
Latest transaction: €714,480 loan for a property in La Plagne.

Buying in: La Plagne, French Alps.Property price: €1,099,200Mortgage amount: €714,480Mortgage type: RepaymentMortgage term: 15 yearsInterest rate: 1.55% FixedLoan-to-value: 65% The Background The client is a successful and experienced business owner. One of the criteria was to respect the maximum age to repay the mortgage while providing one of the best rates on the market. However, the challenging part came from the fact […]

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The French mortgage application process

Posted on 20 Apr 2020 in French Private Finance
The French mortgage application process

1 – OVERVIEW AND COMMON ADVICES Contrary to common belief, getting a mortgage in France is relatively simple. The only thing that can surprise some property buyers is the amount of documentation required to complete the application process. With the assistance of an experienced French mortgage broker, you can use their knowledge and connections to […]

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Latest transaction: €259,000 Loan for a property in Chatel.

Posted on 08 Apr 2020 in Transactions
Latest transaction: €259,000 Loan for a property in Chatel.

Buying in: Chatel, French Alps.Property price: €375,000Mortgage amount: €259,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 2.30% FixedLoan-to-value: 70% The background: Our clients have been looking to purchase a property in the little known Alpine village of Chatel, Northern Alps. They have visited the region during the winter 2017/18 before finally setting their sights on a new development near the village centre.  The […]

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Winter activities in the Alps | Part 2

Posted on 06 Apr 2020 in Lifestyle
Winter activities in the Alps | Part 2

1 – Indoor activities Courchevel – Aquatic centre (Aquamotion): From 13€ a dayA large number of activitiesOpen all year round The Aquamotion swimming pool in Courchevel has many recreational facilities such as : pools, spa and fitness areas, climbing wall, diving pit and surf wave. Chamonix – Alpine museum: From 4€, free for -18Located In […]

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Latest transaction: €1,800,000 Loan for a property in Megeve

Posted on 18 Mar 2020 in Transactions
Latest transaction: €1,800,000 Loan for a property in Megeve

Buying in: Megeve, French Alps.Property price: €2,799,000Mortgage amount: €1,800,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.35% FixedLoan-to-value: 65% The background: The client is a British citizen living in Singapore working for a major corporation focused on the grain and agricultural commodities. He was very interested in an off-plan apartment in Megeve, one of the most famous and fanciest ski resorts of the French […]

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How do French lenders calculate your maximum mortgage amount?

Posted on 16 Mar 2020 in Market
How do French lenders calculate your maximum mortgage amount?

1 – How to easily calculate a rough budget? To evaluate you maximum mortgage amount for a repayment product, simply follow this formula: Here is the best way to see quickly if your real estate project is achievable. Have also in mind that the result is just an estimation, for a more precise result, we […]

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Latest transaction: €150,500 Loan for a property in St Gervais Les Bains

Posted on 04 Mar 2020 in Transactions
Latest transaction: €150,500 Loan for a property in St Gervais Les Bains

Buying in: St Gervais, French Alps.Property price: €215,000Mortgage amount: €150,500Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.45% FixedLoan-to-value: 70% The background: One of our real estate partners contacted us to introduce an australian client who has been struggling to secure a loan on a small holiday apartment in the beautiful village of St Gervais. She has been refused by a couple of […]

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Winter activities in the Alps

Posted on 02 Mar 2020 in Lifestyle
Winter activities in the Alps

1 – Outdoor activities: Our favorite ski places! France undoubtedly has some of the best ski resorts in the world. It has a total of more than 200 stations, mainly located in the Alps and the Pyrenees. The Winter Olympic Games have also taken place several times in France: in 1992 in Albertville, in 1968 […]

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Latest transaction: €1,350,000 Loan for a property in Courchevel

Posted on 19 Feb 2020 in Transactions
Latest transaction: €1,350,000 Loan for a property in Courchevel

Buying in: Courchevel, French Alps.Property price: €1,550,000Mortgage amount: €1,350,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.35% FixedLoan-to-value: 87% The Background The client is a British couple living in Dubai working for a top lawyer firm and a top bank. They had found an apartment in Courchevel, St Bon Tarantaise in the heart of the French Alps. The profile of our clients was excellent, […]

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What data do french lenders use to build your application?

Posted on 17 Feb 2020 in French Private Finance
What data do french lenders use to build your application?

1 – From marital status to age… French lenders will have a look at everything The first aim of the bank is to determine if you meet the requirements for your real estate project. Lenders will want to know more about your personal situation (marital status, age, health…) and about the property you wish to […]

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Latest transaction: €504,000 Loan for a property in Grimaud

Posted on 05 Feb 2020 in Transactions
Latest transaction: €504,000 Loan for a property in Grimaud

Buying in: Grimaud, South of France.Property price: €775,000Mortgage amount: €504,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 2.00% FixedLoan-to-value: 65% The Background Despite having a very strong income and the required deposit, it was difficult to find a lender to finance the project of our client. Born in north Africa and now residing in Dubai, most of our banking partners would not consider his […]

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Why would you create an SCI for your real estate purchase in France?

Posted on 03 Feb 2020 in French Private Finance
Why would you create an SCI for your real estate purchase in France?

An SCI, or “Société Civil Immobilière”, is a company that allows a number of individuals to share one or more real estate entities. The partners of the SCI can make contributions ‘in kind’; movable or immovable property that they already possess. These contributions, most often in kind or in cash, give entitlement to shares in […]

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Latest transaction: €359,800 Loan for a property close to Carcassonne

Posted on 22 Jan 2020 in Transactions
Latest transaction: €359,800 Loan for a property close to Carcassonne

Buying in: Alaigne, South of France.Property price: €514,000Mortgage amount: €359,800Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.75% FixedLoan-to-value: 70% The Background One key element we keep referring to in the transaction of the month series is timing. Buyers tend to widely underestimate how long it takes to arrange a mortgage. If everything lines up, the offer can come in under a month but […]

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What are the market conditions to obtain a mortgage in France?

Posted on 20 Jan 2020 in Market
What are the market conditions to obtain a mortgage in France?

1 – Overview of the situation 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 […]

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Latest transaction: €2,800,000 property in Méribel

Posted on 08 Jan 2020 in Transactions
Latest transaction: €2,800,000 property in Méribel

Buying in: Méribel, French Alps.Property price: €2,800,000Mortgage amount: €1,400,000Mortgage type: Interest OnlyMortgage term: 14 yearsInterest rate: 2.20% variableLoan-to-value: 52% The Background This borrower’s main requirement was the ability to pay off the mortgage in chunks without penalty. As a business owner, he also liked the idea of an interest only mortgage which gave him more freedom on his company drawings to lower his […]

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Who is involved in your real estate purchase?

Posted on 06 Jan 2020 in Market
Who is involved in your real estate purchase?

The seller A seller has a good to sell at a price determined by the market and a buyer who seeks a good to buy according to price and criteria. But how do you choose a selling price?Purchasing through a mortgage, banks will check the real value of the property by ordering a valuation (sometimes to […]

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What is the new French property wealth tax (IFI)?

Posted on 23 Dec 2019 in Market
What is the new French property wealth tax (IFI)?

IFI? What is it? Since January 1st 2018, the Solidarity Wealth Tax (ISF) has been abolished and a new tax, the Property Wealth Tax (IFI), has been created. The IFI concerns persons holding a net property portfolio of more than €1.3m. Who has to pay? In 2018, 132,722 taxpayers had to pay the IFI tax […]

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Latest transaction: €1,018,500 Loan for a property in the Alps

Posted on 15 Dec 2019 in Transactions
Latest transaction: €1,018,500 Loan for a property in the Alps

Buying in: Les 3 Vallées, French Alps.Property price: €1,455,000Mortgage amount: €1,018,500Mortgage type: RepaymentMortgage term: 15 yearsInterest rate: 1.55% fixedLoan-to-value: 70% The Background The client heads a division of a major investment bank in London. The couple are British citizens and British residents.  The clients were looking to invest in a holiday family house outside of the UK. They have been to the […]

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Latest transaction: €401,250 Loan for a property in south of France

Posted on 05 Dec 2019 in Transactions
Latest transaction: €401,250 Loan for a property in south of France

Buying in: Le-Grau-du-RoiProperty price: €535,000Mortgage amount: €401,250Mortgage type: Interest OnlyMortgage term: 14 yearsInterest rate: 2.05% variableLoan-to-value: 75% The Background The couple already owned a few buy-to-let properties in the UK which they rent out. They were also accustomed to working with international agents and brokers as they own a couple of properties overseas. However, this was their first purchase in France and […]

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Latest transaction: €700,000 Loan for a property in Sainte-Maxime

Posted on 04 Nov 2019 in Transactions
Latest transaction: €700,000 Loan for a property in Sainte-Maxime

Buying in: Sainte-Maxime, South of FranceProperty price: €1,250,000Mortgage amount: €700,000Mortgage type: Interest OnlyMortgage term: 7 yearsInterest rate: 2,45% fixedLoan-to-value: 56% The background The client was buying a fabulous property in the south of France, near Sainte-Maxime. He had a few requests and FPF delivered on all of them: Interest only: checkFixed rate for security: checkNo life insurance: check (which is amazing on […]

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Non-residents in France: who are they, where and what do they buy?

Posted on 24 Oct 2019 in Market
Non-residents in France: who are they, where and what do they buy?

In 2018, non-resident buyers represented 5.9% of real estate transactions for existing properties in France, but do they all buy in the same place? In today’s article, we will put international buyers under the microscope and examine where they come from and what they buy. Unsurprisingly, British buyers account for 27% of all non-resident real […]

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Latest transaction: €408,000 Loan for a property in Paris.

Posted on 21 Oct 2019 in Transactions
Latest transaction: €408,000 Loan for a property in Paris.

Buying in: Paris 11thProperty price: €510,000Mortgage amount: €408,000Mortgage type: RepaymentMortgage term: 15 yearsInterest rate: 1,80% fixedLoan-to-value: 80% The background The client wanted the highest LTV available at the best possible rate as her personal contribution was limited because she had just paid off the mortgage on another second home.       However, the bank that was ticking all those boxes would not finance the […]

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The main types of leases in France for real estate rentals

Posted on 11 Oct 2019 in Market
The main types of leases in France for real estate rentals

The empty rental lease A property is considered empty when it is not sufficiently equipped “to allow the tenant to sleep, eat and live properly in the light of the demands of everyday life.” This essentially means that the property is unfurnished.  The rental period of an unfurnished property is set six years. However, when […]

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Latest transaction: €659,400 Loan for a property in Courchevel.

Posted on 04 Oct 2019 in Transactions
Latest transaction: €659,400 Loan for a property in Courchevel.

Buying in: Courchevel, AlpsProperty price: €942,500Mortgage amount: €659,400Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.80% fixedLoan-to-value: 70% The background This client wanted to buy a new-build property in Courchevel which was part of a Residence de Tourisme development. Financing a Residence de Tourisme can be harder than a normal freehold property as some banks refuse to finance this type of property due to the enforced rental […]

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The Mobility Lease or the Solution to rent his apartment from 1 to 10 months in all legality!

Posted on 24 Sep 2019 in Market
The Mobility Lease or the Solution to rent his apartment from 1 to 10 months in all legality!

This article is presented by RentYourParis.com When it was promulgated on November 2018, the ELAN law introduced a new type of lease to facilitate access for people on professional mobility: The Mobility Lease. What are the specificities? How to set it up? We will explain everything to you. The law defined the mobility lease as a short-term […]

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Latest transaction: €5,280,000 Loan for a property in French Alps.

Posted on 20 Sep 2019 in Transactions
Latest transaction: €5,280,000 Loan for a property in French Alps.

Buying in: Meribel, AlpsProperty price: €7,040,000Mortgage amount: €5,280,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 1.95% fixedLoan-to-value: 75% The background The client wanted the highest mortgage possible to optimise his tax whilst keeping the rate as low as possible. He also wanted the same monthly repayments in order to plan his long-term finances. This meant that a variable rate was out of the […]

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Latest transaction: €940,800 Loan for a property in French Alps.

Posted on 07 Sep 2019 in Transactions
Latest transaction: €940,800 Loan for a property in French Alps.

Buying in: Megève, AlpsProperty price: €1,470,000Mortgage amount: €940,800Mortgage type: Fixed Interest OnlyMortgage term: 12 yearsInterest rate: 2.65% fixedLoan-to-value: 64% The context This client, working in the heart of the City, dreamt of purchasing a property in the Alps. He has been looking for a while and finally found a refurbished four-bedroom apartment in Megève.  He wanted an interest-only loan as this would […]

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Latest transaction: €188,500 property in Joannas, Ardeche

Posted on 27 Aug 2019 in Transactions
Latest transaction: €188,500 property in Joannas, Ardeche

Buying in: Joannas, ArdecheProperty price: €188,500Mortgage amount: €100,000Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 2.40% fixedLoan-to-value: 53% The context A small British business owner of Isreali descent was interested in acquiring a property in the Ardeche mountains as a summer retreat for him and his family. They’ve visited the area on a number of occasions and found the right property at last.  […]

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Latest transaction: €285,000 Loan for a property in Cannes

Posted on 20 Aug 2019 in Transactions
Latest transaction: €285,000 Loan for a property in Cannes

Buying in: Cannes, Alpes-MaritimesProperty price: €450,000Mortgage amount: €285,000Mortgage type: Fixed Interest OnlyMortgage term: 7 yearsInterest rate: 2.55% fixedLoan-to-value: 60% The context This retired private equity investor was concerned about his ability to secure a mortgage with a French bank. As he had multiple income streams, including remuneration as a board member of 3 different companies, he was concerned about how strict French […]

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Latest transaction: €390,000 property in the Var

Posted on 26 Jul 2019 in Transactions
Latest transaction: €390,000 property in the Var

Buying in: Cotignac, VarProperty price: €390,000Mortgage amount: €331,500Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 2.40% fixedLoan-to-value: 85% The context A couple from London was looking to buy a property in the South of France as a holiday retreat for the whole family. They had previously missed out on several properties as they were not able to secure a mortgage quickly enough, or […]

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Latest transaction: €164,800 Loan for a property in Salies de Bearn.

Posted on 26 Jul 2019 in Transactions
Latest transaction: €164,800 Loan for a property in Salies de Bearn.

Buying in: Salies de Bearn, Pyrénées-AtlantiquesProperty price: €204,785Mortgage amount: €164,800Mortgage type: RepaymentMortgage term: 20 yearsInterest rate: 2.00% fixedLoan-to-value: 80% The context A Spanish-British couple wanted to purchase a holiday home close to the popular and historic city center. seaside resort of Biarritz in the SW of France, a few miles from the Spanish border. They had struggled to obtain a mortgage because they […]

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Buying a property: cash vs. mortgage

Posted on 13 Jul 2019 in Market
Buying a property: cash vs. mortgage

From a young age, many of us are taught that debt is something to be avoided.  However, is purchasing a property in cash always a better option than borrowing the money from a bank? We take a look at the pros and cons of each in our latest blog post. Pros for buying in cash […]

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Everything you need to know about “notaires”

Posted on 10 Jul 2019 in Market
Everything you need to know about “notaires”

Without a true UK equivalent, it can be difficult to understand the role of the notaire. In our latest blog post, we take a look at what they do and demystify the costs involved. What is a notaire and do I really need one? When selling or buying property in France there needs to be […]

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