MARKET INFO - Mortgage Situation for Non-Residents Eases up in France.

COVID-19 UPDATE
New Lockdown declared in France as of Friday 30th October

We are now in a new lockdown period in France.

If this means you can no longer come and visit properties with us in person, you can rest assured that we are continuing to work for you. We are doing the following:

Updating and adding new properties on our website
Exchanging emails and calls with buyers and vendors
Putting together property lists, sending you available information and material on your preferred properties
Accompanying you on live virtual tours
Taking on new sales mandates
Carrying out virtual signing using an e-signing facility for all legal documents.

The buying process will continue for all the ongoing sales as notaires, banks, administrations and France Property Angels continue to work.

With our best wishes to all our clients from the France Property Angels Team

MARKET INFO - Mortgage Situation for Non-Residents Eases up in France.

Category: Finance > Finance | 12th Apr, 2023

Good news for those of you wanting to borrow in France to buy your dream house! The mortgage situation for non-residents has been challenging over the past few months. However, there is good news as our partner mortgage broker, has informed us that the situation is starting to ease up. One of the key lending banks for non-residents is returning to the lending market with loans for SCIs and SARLs and should extend to individuals in the near future. Rates start at 4.65% with a maximum LTV of 85%. The minimum loan amount will be €300,000. With the return of this key player and the the offers from the other banks there are now lending options for a diversity of client profiles and this should be developing further making it increasingly easier for those seeking a mortgage for buying a property in France.

Filed under Finance

MARKET INFO - Mortgage Situation for Non-Residents Eases up in France.

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