French properties and Real Estate for sale by owner in France
Quick Search
Haute-Normandie Basse-Normandie Picardie Provence-Alpes-Cote-dAzur Rhone-Alpes Rhone-Alpes Languedoc-Roussillon Auvergne Midi-Pyrenees Limousin Bourgogne Franche-Comte Alsace Lorraine Champagne-Ardenne Ile-de-France Aquitaine Centre Poitou-Charentes Pays-de-la-Loire Nord-Pas-de-Calais Bretagne
Services
econveyancer - online conveyancing that's simplicity itself.
Registered User Login
Email:
Password:
 
last VIEWed
French real estate for sale: Beautifull Village House. Three bedroom Town House in Herault, Languedoc-Roussillon. Beautifull Village House
€120,000
French real estate for sale: Large Town House And 2 Appartments. Six bedroom Town House in Haute-Vienne, Limousin. Large Town House And 2 Appartments
€270,000
French real estate for sale: Lovingly Restored Quercy Farmhouse. Five bedroom Farm House in Lot, Aquitaine. Lovingly Restored Quercy Farmhouse
€425
French real estate for sale: Superb Familly Home, 1st Class. Four bedroom Farm House in Haute-Vienne, Limousin. Superb Familly Home, 1st Class
€298,000
French real estate for sale: Rural Lakeside Barn With 2.5 Ha. Two bedroom Barn Conversion in Lot-et-Garonne, Aquitaine. Rural Lakeside Barn With 2.5 Ha
€225,000
French real estate for sale: Luxury 150 M2 Appartement. Three bedroom Appartment in Dordogne, Aquitaine. Luxury 150 M2 Appartement
€360,000
French real estate for sale: Property In Aude. Three bedroom Villa in Aude, Languedoc-Roussillon. Property In Aude
€275,000
Sell your property
Sell your french property on PFS France for just 24.00 (inc VAT)

We advertise your property until sold, syndicate your advert to other sites via XML, and send you viewing statistics, plus much more.

Simply register with us, then click "Add Property".
Visitor Poll
PFS France ARTICLE

FINANCING YOUR DREAM HOME IN FRANCE

By Oliver Phillips
PFS France

So you've found your perfect home, you know the area, the people, and you've appointed your own Notary. You've also had an independent valuation and will be getting the property surveyed to make sure you understand what you are buying?

Your next thought is likely to be financing? Generally, you might look to finance your purchase in one of two ways; either using the equity in a UK property by way of remortgage or by taking out a second mortgage on the French property. Both methods are subject to exchange rate risk but in different ways.

If you decide to remortgage an existing UK property the finance would normally be raised in GBP. Raising the mortgage in euros may result in a fairly substantial foreign currency conversion or exchange fee to pay. Make sure you are aware of how much this will be. Secondly the timing of your purchase is important. A weak pound against the euro will inflate the cost of your property, and require you raise a larger mortgage, but conversely a strong pound against a weak euro, could make remortgaging your UK home a cheap way to buy your home in France. However once the mortgage is raised, you will always pay the same monthly fee regardless of future exchange rate changes.

If you want a second mortgage on the French property itself it might be possible to deal with a French branch of your British Bank and this is worth looking into. A euro mortgage with a French bank will always be for the euro cost of the property, so you avoid exchange rate risk on the mortgage amount, but monthly repayments though the same in euros may seem more or less expensive as the euro exchange rate moves against the pound.

French mortgages are not that different to UK mortgages; they are usually of the repayment type with a term of between 5 and 20 years. As in the UK, fixed rate and variable rate options exist and redemption penalties will sometimes apply. A larger deposit will often secure a more attractive interest rate but the minimum deposit is 20%.  Arrangement fees of around 2% are also normal on French mortgages.

French financial services legislation dictates that life insurance to cover the mortgage is taken out and also that a mortgage offer once made, must be accepted no earlier than 10 days and no later than 30 days after the offer has been made.

This article only provides a general appreciation of how French property can be financed and it is not advice. Guidance should be sought from a specialist who is qualified to advise on the best method of financing in your specific circumstances. 



Bretagne
With a total population of 2,972,700 the french region of Bretagne covers some 27,208 km making a population density of 107 /km.

On it's own pennisula bordering Lower Normandy and Loire regions, Brittany is geographically isolated from the rest of France. This fact is reflected in the culture of the region where indeed the old Breton language still thrives.

Accessible by sea and air, the region is a popular choice for those seeking a holiday or indeed permanent french home.
TRANSLATE THIS PAGE
 
News in France
TELL A FRIEND
If you find PFS France useful, please tell your friends - or let us?

Enter their email address and we'll send them our website address in a short email.


Not sure? Read our Privacy Policy
LINK TO US?
If you have a website why not link to us? Copy the code below and paste into your web page HTML.
Advertisements
     
| Home | Search | Add Property | Articles | Resources | About Us | Register | Site Map |
 
Cheshire Web Design by Eantics