• Buying in: Megeve
• Property price: €675,000
• Loan amount: €250,000
• Mortgage type: repayment
• Mortgage term: 20 years
• Interest rate: 1.40% fixed
• Loan-to-value: 37%

The Background

The French mortgage market is unfair. Fortunately, for this French speaking client residing in Switzerland, this meant it could get much better terms and conditions than the average foreign borrower. 

France is very old-fashioned for many things, and banking is arguably one of those. Did you know many lenders print the documents we sent to them electronically? Here, the proximity of the borrower certainly played a key role in obtaining outstanding offers from banks. 

Our Approach

While local lenders are generally reluctant in lending to non-resident buyers, they were very keen to work with our client because his situation felt familiar. After all, his documents were in French, he was living just across the border and only seeking a low mortgage amount with an  even lower loan to value.

The client opted for a mortgage in Swiss Franc as this was easier for him to budget. The rate was also slightly more attractive than the Euro loan proposal. The bank was quick to grant credit and eager to meet the client in Branch for opening an account.