Latest transaction: €5,280,000 Loan for a property in French Alps.

Posted on 20 Sep 2019 in Transactions
Latest transaction: €5,280,000 Loan for a property in French Alps.

Buying in: Meribel, Alps
Property price:
Mortgage amount: €5,280,000
Mortgage type: Repayment
Mortgage term: 20 years
Interest rate: 1.95% fixed
Loan-to-value: 75%

The background

The client wanted the highest mortgage possible to optimise his tax whilst keeping the rate as low as possible. He also wanted the same monthly repayments in order to plan his long-term finances. This meant that a variable rate was out of the question. 

Our approach

The challenge was to make sure that the Risk Committee at the bank would be willing to finance their biggest mortgage ever.

We built a very organised application and presented it in the way that Risk Committee prefers  – thanks to the help of our contact at the bank – in order to convince them that there was actually no risk for the bank. 

This ended up becoming the biggest mortgage of the year for French Private Finance and we managed to secure an excellent rate, fixed for the duration, with no collateral required by the bank and quite a high LTV (75%).

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