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Mortgages in France
Lending in France is based strictly on affordability, the way this is calculated is by taking your total world commitments and using a set percentage of your income, to determine the amount you can borrow.
The maximum loan for non French residents is 85% but loans of 100% are available for French residents. Most lenders insist on a minimum loan advance of £20,000, and mortgages are available for House Purchases, and re-finance for home improvements. Re-mortgaging in France for debt consolidation is not available. If borrowing is made in Euros, the term of the mortgage can range from 7 to 25 years, up to a maximum age of 80 years. For all other currencies, Stirling, US Dollars, Swiss Francs and the Yen, the maximum term is set at 15 years, up to a possible of aged 70 years.
Mortgages can be arranged either on a variable or fixed rate, and may also be fixed for the entire duration of the loan.
If you would like more details on mortgages for France, please complete our enquiry form and one of our Overseas Mortgage Consultants will contact you to discuss your requirements further.
