• Buying in: St Martin de Belleville
• Property price: 1,100,000 €
• Amount: 500,000 €
• Rate: 1.50% fixed
• LTV: 45%
• Term: 20 years
• Type: Repayment

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). The client also had a mortgage on a UK property for which he was receiving some rental income.

Our Approach

We told the bank that the client would, at some point in the near future, come back to the UK in his already-owned property. 

We just convinced the bank not to take into account the rental income received in the UK and to leave out the Hong Kong rent.

It worked out pretty well and the client even got a very good rate!