international mortgages
france
Please note, that there are no non-status/self-certification mortgage facilities available in France (although renting out your property is permitted), all loans need to be supported by a minimum requirement of proof of income, i.e. if employed - copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last 6 month’s Personal Bank Statements will be required or alternatively if you are self-employed - copies of your last three years Audited Accounts & copies of both your last 12 month's Business and last 6 month’s Personal Bank Statements will be required on application.
Unfortunately in France the French Lenders will NOT take into consideration any proposed Rental Income from the property for mortgage purposes/repayments.
Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans, credit cards (if the balance is not cleared on a monthly basis) and any maintenance – ie: Divorce - payments together with your proposed French mortgage payments must not exceed 35% of your net monthly income.
Example:
Net joint monthly income £ 2,500 times 35% of that figure is £ 875 minus existing monthly mortgage payment £ 300 – No other liabilities. This leaves a balance of £ 575 for a proposed French Mortgage payment.
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Maximum loan to value 90%
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Minimum loan of €50,000, no maximum
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Maximum term of the loan is 25 years
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Loans available in Euros only
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Repayment and interest only mortgages available
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Current interest rates as available from approximately 3.45%
If you would like to speak with a representative to discuss your requirements please call +(34) 677 874 948
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