Overview of Overseas Mortgages in France
| Rates Available From: | 2% depending on LTV and loan amount |
| Currencies Available: | EUR |
| Minimum Loan Amount: | €100,000 |
| Minimum Property Value: | €150,000 |
| Maximum Term: | 25 years |
| Maximum LTV (Loan-Value) Ratio: | 85% |
| Maximum DTI (Debt-Income) Ratio: | 33% |
| Repayment Methods Available: | Capital & Interest |
| Loan Purpose: |
Purchase Refinance |
| Loan Type: |
Holiday Home Holiday Let Main Residence Self Build |
When you complete our simple enquiry form, we will be able to work out how much you can borrow and it will help you budget for your purchase abroad. This quotation is totally free and confidential.
We also offer a more in depth pre-qualification service that will enable us to approach lenders on your behalf and obtain a non-binding agreement in principle for you.
What does this mean?
Loans in France are available from €100,000 and the minimum value of the property (or purchase price) should be €125,000.
Banks will lend over a maximum of 20 years and interest rates start from 2% p.a.
The maximum amount they would lend is 85% of the value or purchase price.
Lenders calculate affordability for the loan by stating that the maximum percentage of all loan repayments (including the new mortgage, current mortgage and other loans) should be 33% of your net income.
On top of the necessary 15%-20% deposit, you should also plan for needing approximately an extra 5% of the purchase price for fees and taxes
Please feel free to use our mortgage calculator to see what your monthly payments may be.
Important Note: This information is designed to only give you an indication of what you may borrow and under what terms. It does not constitute any form of advice, nor does it imply that you will be able to borrow the amounts required. In all cases you should carry out a full Fact Find and obtain an agreement in principle from the lender. Please choose to either request a quote for a mortgage or complete the more comprehensive pre-qualification form to see if you already qualify for a mortgage