Cannes / South of France: €285,000 Mortgage, 60% LTV, Fixed Interest Only, 2.55%, 7 years

Cannes

The Profile

Property price: €475,000
Buying in: Cannes
Mortgage Amount: €285,000
LTV: 60%
Type: Fixed Interest Only
Rate: 2.55%
Term: 7 years

The Context

This retired private equity investor was concerned about his ability to secure a mortgage with a French bank. With multiple income streams including remuneration as a board member of 3 different companies, he had heard about how strict French banks can be on borrowers with complex financial affairs.

Our Approach

FPF went the extra mile to ensure the file was presented in the simplest manner to the lender. This meant a lot of back and forth with the client to ensure it was easy to understand for a foreign bank. The analyst had no questions on the application, a dream come true for any broker in the world of French credit risk assessment. The client was delighted with the speed of the application once we had the application in order.

Furthermore, the property agent was impressed by our level of service as we kept him updated throughout. He went on to sign a partnership agreement with French Private Finance.