Latest transaction: €714,480 loan for a property in La Plagne.

La plagne

Buying in: La Plagne, French Alps.
Property price:
€1,099,200
Mortgage amount: €714,480
Mortgage type: Repayment
Mortgage term: 15 years
Interest rate: 1.55% Fixed
Loan-to-value: 65%

 

The Background

The client is a successful and experienced business owner. One of the criteria was to respect the maximum age to repay the mortgage while providing one of the best rates on the market.

However, the challenging part came from the fact that the client was not living with his long-term girlfriend because of their professional situations. 

It is important to know that French banks tend not to accept applications between friends. They only finance couples (living together and if not geographically together, the couple must be married) or parents buying with one of their adult children. It is, for example, very difficult for siblings to buy a property together.  

 

Our Approach

We had to find a way to convince the bank to still accept the application even though the couple were not married. We presented years of bank statements showing transactions between the partners proving the stability in the relationship. It took some negotiation, but we did it!

nsured that clients were affordable for property finance in France.