France is the second most popular country for Irish and British purchasing abroad. With its close location and great summer weather it’s no wonder it is so popular. Property is purchased as investment or lifestyle, with many people taking advantage of the Leaseback Scheme. This was introduced by the French government over 20years ago and has since been hugely popular with foreign buyers. It guarantees a yearly rent, but must be leased to the rental management company for at least 9 years. The French mortgage process differs to other countries in that as soon as the title deed to the property is signed, there must be a mortgage in place for that property. For this reason it is essential to be prepared for applying for your mortgage from outset. Capital Financial Partners have a large variety of partners in France and so can find a mortgage to fit your specific needs.

Apply NOW to find out how much you qualify for in France.

Buying Guide

Buying a foreign property can be a daunting decision whether it is your first time or not, and so it is important that you take the time to research and plan to ensure that it is feasible, and that you are making the right investment choice.

Mortgage Guide

Mortgages at a glance:

Maximum Loan:	*100%
Maximum Term:	30 years
Maximum Interest Only Term:	25 years with a bond
Maximum Age on Completion:	75 years
Best Rates:	4.6%
Mortgage Process Length:	8 weeks

*this offer of 100% loan is only valid until the end of 2008 and subject to individual circumstances.

CFP Mortgages in France: 

We have a number of popular mortgages  in France, with our Product manager and French Financial Advisors constantly in contact with the various lenders to secure new deals, and get new and better rates for our customers.

Qualification:

Qualification for a mortgage can vary from bank to bank. Generally qualification is dependant on your ability to repay your mortgage and debts at home, as well as your mortgage in Fance. The figure used is usually expressed as a % of your gross income.
Eg. In France this is 33% of your gross income.
Please note however that some banks are more flexible than others.

Mortgage Costs:

All mortgages have associated costs, for France these costs are:
Application Fee: 1% of the borrowed amount
Notary: 3-4% New; 7-8% Resale (inc. Stamp Duty and Mortgage Registration Fees)

Documentation:

When applying for a mortgage it is important that you have specific documentation to support your application and prove that you are elegible for a mortgage. The required documentation are necessary, but may vary depending on the lender and the type of mortgage you are applying for. 


Note: All facts and figures may vary depending on individual circumstances.