Latest transaction: €1,500,000 mortgage for a property in Les Gets

Posted on 25 Apr 2024 in Transactions
Latest transaction: €1,500,000 mortgage for a property in Les Gets
  • Buying in: Les Gets (Gibannaz), French Alps
  • Property price: 3,000,000 €
  • Loan amount: 1,500,000 €
  • Mortgage type: Repayment*
  • Interest rate: 4.99%*
  • LTV: 50%
  • Term: 20 years

The background

Our client is a US resident, working for a top 4 accounting firm in the world. 

Our Approach

With the FATCA (Foreign Account Tax Compliance Act) set up by the IRS, many French banks are reluctant to lend to US residents.

One of our lenders can offer 50% LTV as long as the property is worth 1.5M€ minimum.

A life insurance (mortgage cover) was required and we worked with a broker in insurance to get the best premium.

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

Back to Journal