Latest transaction: €300,000 mortgage for a property in St Raphael

Posted on 06 Oct 2023 in Transactions
Latest transaction: €300,000 mortgage for a property in St Raphael
  • Buying in: St Raphael, French Riviera
  • Property price: € 360,000
  • Loan amount: € 300,000
  • Mortgage type: Repayment*
  • Interest rate: 5.20% *
  • LTV: 85%
  • Term: 20 years

The background

Our client is from the UK and wanted to finance a holiday home in St Raphael on the French Riviera.

Our Approach

It was a quite straight forward deal where we offered a 85% LTV, repayment mortgage with a fixed interest rate of 5.20% over 20 years.

It took us 54 days to get the mortgage offer as we had to wait for the valuation report organised by the bank (the seller was on holiday so the visit could not be set up earlier).

The mortgage cover was not required and the client already had existing policies in the UK so was already covered.

* The rate / the product may differ to what is currently offered since this mortgage has been agreed.

Back to Journal