Financing Your Dream Home in France

Some tips and advice

It is never too early to get your finances in place if you are considering buying a dream home in France. Lending criteria in France are far more complex and restrictive than in the UK and the whole process can take quite a lot longer than most people expect.

It is also important to bear in mind that regulations play a role in limiting how much lenders can advance, which may surprise UK buyers who are more used to haggling about salary multipliers and the inclusion of a bonus as income.

So here are 12 tips to keep you on the right track:

Open a French current account! The banks will demand it and it is nearly as time consuming as getting a mortgage.
Nowadays, prompted by TV programmes such as Channel 4’s No Going Back, many buyers are tempted to give up their UK career, sell their house and try their luck abroad. But the complexities of currency, language, customs and local law all add up to make negotiating a foreign currency mortgage a far more complex task than the equivalent UK product. Add to this the relaxed French attitude, which is one of the main reasons so many people move across the Channel, and you can see why house hunters should allow plenty of time to get their finances in order before viewing their dream home.

For information on mortgages in France and equity release in the UK, email , telephone 0044 (0) 20 8333 9125 or visit www.offshoreonline.ORG .

Guy Stephenson
Offshoreonline.ORG
www.offshoreonline.ORG 


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