France
With the explosion of interest in buying property in France, there has never been a greater need for professional mortgage advice and solutions.
Whether your looking for a holiday home or a whole new way of life, you can help them find the best deal, with the minimum hassle.
North Mortgages can arrange mortgages up to 80% of the purchase price of your home in France, with a choice of repayment terms from 5 to 25 years. With our range of variable, fixed rate, capped and offset repayment mortgages, you'll find it easy to find the ideal financial solution for your needs.
And remember - you will need to purchase life assurance when you take out a mortgage in France
Types of Mortages available in France
Choice of rates depending on term from 5 to 25 years
- Fixed Rates - We offer a wide choice of fixed rate mortgages, with the rate depending on the mortgage term. Check our Fixed Rates here
- Variable rate - Our variable rate mortgage offers an attractive discounted rate for the first year and your monthly repayments are fixed for the 12 months following completion of your mortgage. On each anniversary of completion, their rate will be recalculated and your monthly payments for the following year will be set. The interest rate is linked to the EURIBOR (European Inter Bank Offered Rate).
Linked to the EURIBOR. Fixed every year for 12 months and recalculated on every anniversary. Check our Variable Rates here - Capped Variable rate - This works in a similar way to British capped rate mortgages. It's based on the twelve month EURIBOR + a margin, and is reviewed annually. Check our Capped Rates here
- Barclays one two - This is an offset mortgage which is linked to your Barclays current account. This means that your credit balance can potentially reduce the interest owed on your loan, and lower your repayments. There's no application fee and they can repay the loan over 20 years. Check our Offset Rates here
- Equity withdrawal - If you already own a property outright in France you can release funds for any purpose with a euro mortgage. Check our Equirty Withdrawal Rates here
- The maximum LTV is 50%
- The maximum term is 15 years
If you already own a property outright in France you can release funds for any purpose with a euro mortgage.
- The maximum LTV is 50%
- The maximum term is 15 years
- Release funds for any purpose if the property is owned outright
- Interest only - You can have an interest only period of up to 20 years. Check our Interest Only Rates here
For purchases only it is possible to apply for an interest only mortgage.
- The minimum loan size is €200,000
- Loan to value 50%
- Interest only period of 10 years
- Maximum term of 20 years
Extra costs you will need to consider
- These can vary according to the type of property and the region your client is buying in. But as a guide, they should allow for the following:
- Estate Agent's fees - between 4 and 10% of the purchase price, plus VAT at 19.6%. But don't panic - fees are often negotiable and sometimes split between the buyer and seller
- Notaire fees of around 1% which are usually shared with the seller
- Land Registry fees (Droits d'Enregistrement) depend on the price of the property but range from 0.71 % for a new property and 5.09 % for older one Mortgage registration fee of 1 to 2% depending on the amount of the loan
At North Mortgages our Mortgage Experts will take care of everything on your behalf. Remember, we source mortgages from the whole of the market, so you know your getting the best deals available and all tailored to suit your personal circumstances.
Call NOW on: 08000 949 595 or contact us today to arrange a Call Back.
