• Buying in: Laroque des Alberes (South of France)
• Property price: 290,000 €
• Loan amount: 246,500 €
• Mortgage type: Repayment *
• Interest rate: 2.25% *
• LTV: 85%
• Term: 25 years

The background

Our British client wanted the smallest deposit to acquire their dream countryside property.

Our Approach

Though banks offering deals to UK residents are not many, there is still one offering 85% loan-to-value mortgages.

On top of it, we increased the duration to 25 years (because we could!) so the monthly payment would be reduced.

No life insurance (mortgage cover) was required by this specific lender so the overall cost was reduced. It is important to be insured but if you already have insurance policies that cover more than enough, it makes sense not to take a new one in France (though most French banks require a new French policy as part of the mortgage).

* The rate / the product may differ to what is currently offered since this mortgage has been agreed.