• Buying in: Les Gets, French Alps
• Property price: € 3,000,000
• Loan amount: € 2,100,000
• Mortgage type: Repayment*
• Interest rate: 2.30%*
• LTV: 70%
• Term: 20 years

The background

Our client from the Netherlands wanted to get the highest loan to value possible with a retail bank, no assets under management pledged against the mortgage while purchasing the property with a French limited company (SARL de Famille).

Our Approach

Not all banks can finance a French limited company , especially amongst retail banks. One of our partners can offer up to 70% LTV for a repayment mortgage for an SARL de Famille for the same rate as if you were buying under your personal name. 

Though there is no requirement to pledge assets (cash collateral) against the mortgage, the bank just asked for 5 months worth of mortgage payments to be transferred on the current account to serve as buffer to make sure the mortgage could always be paid every month.

As usual, life insurance (mortgage cover) with an insurance broker (which is a luxury nowadays as most banks require their own insurance cover) to get the best premium possible.

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