Intro
The mortgage market in France is as competitive as the Spanish
market. As a developed market, banks in France are more willing to
lend as they have had time to research and are equipped to deal
with legal ramifications.
Availability
With a range of mortgage lenders from local French banks to
international banks, there is a huge amount of choice. There are
also multi currency options including Swiss francs.
Typical mortgages available are up to 80% LTV interest only or
repayment. Terms are up to 30 years or up to 65 years of age with
rates from 5%
Cost
Banks will usually charge around 1% of the mortgage amount but
this can vary from lender to lender. The possibility of broker fees
also needs to be taken into account.
Application Process
Once your application has been submitted, the bank will take
approximately 4 – 6 weeks to check all your documents and carry out
a valuation. It is essential that your solicitors make early
contact with the bank as this will save a lot of time.
Mortgage Finance from Frontiers Financial Services
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