• Buying in: Meribel
• Property price: €1,602,500
• Loan amount: €801,250
• Mortgage type: Repayment
• Mortgage term: 20 years
• Interest rate: 1.50% fixed
• Loan-to-value: 50%

The Background

The client was an Australian citizen living in Hong-Kong searching for the lowest rate possible. He also wanted the process to be done as remotely as possible due to the Covid situation. Travelling from Hong Kong was not made easy.

Our Approach

As outside of the EU, the maximum LTV we could achieve for his profile was 50%. Fortunately, the client was low rate focused and had enough liquidity to go further in the property purchase. On top of that, we could lower the APRC by lowering his insurance premium. We introduced our client to an insurance broker we work with to find the cheapest solution (French mortgages most probably come with a mandatory insurance subscription).

French Private Finance is working with many different real estate actors, and insurance brokers are part of them! We quickly linked the client to our insurance partner (premium at 0.1% of the original mortgage amount) and we could achieve all together the goal which was having the lowest monthly repayment possible!

And cherry on the cake, the client did not have to go to France for the mortgage, the insurance or even opening the bank account. Everything from the other side of the world!