Mortgages
Traditionally, many people have financed their French property by taking an additional Sterling mortgage on their UK property. A Euro zone mortgage offers a real alternative as rates are highly competitive and, subject to status, can be used to purchased your French property or refinance an existing loan (i.e. moving from Sterling to Euros).
In many instances, the potential of taking a mortgage allows potential buyers to be able to consider properties which are outside their current cash budget.
Since 2004 many clients have asked about mortgages and consequently we have developed links as introducers with the leading International Buyers mortgage provider in France. They have many years of experience and have speakers of all major Europen languages.
A French mortgage can be used for
- buying your home - this can be an existing property, buying ‘off plan’ or building your own home.
- remortgaging - this enables you to have a more competitive mortgage on your property in France and the potential to reduce your monthly payments. In addition, it is possible to switch your UK mortgage to your French property.
- equity release - as an existing French home owner it allows you to extend your property, add a swimming pool or convert a loft.
- buy to let - there is the opportunity to invest in purpose built quality rental properties called ‘Residences de Tourism’. There are several advantages including your ability to enjoy the use of the property yourselves for several weeks each year.
There are a range of mortgage solutions for those wishing to invest in France – fixed or variable, capital repayment or interest only.
All mortgages are ,of course, subject to status and conditions which will vary from time to time.
Normally we can arrange for you to have an ‘In principal decision’ within 48 hours from our mortgage contacts.
If you are interested in more information:
Email: info@landes-pyreneesproperties.com
Telephone: 0033 559 38 1991
Thankyou