In many instances acquiring a mortgage is a prime consideration when buying a property in France. You may think that organising your mortgage through your local bank is the easiest option, but it is definitely worthwhile considering your options in France before picking up the phone to your local bank manager. The International team at Paradise real estate and cote vermeille officies are here to help, and our mortgage advisers will assist you at every stage of the process, offering friendly advice and guidance throughout. We understand that this will most likely be a new experience for you and will therefore take time to explain all the little differences between the French system and what you are used to in your home country.
Cote Vermeille international Realty has a special service for English speaking customers; they are bilingual and bicultural and are on hand to help you at every stage of the process. They will guide you through your mortgage application, and will share with you their wealth of knowledge of the French purchasing procedure. All mortgage documentation is provided in English and French. They are also unique in that they send your formal mortgage offer out to you in English – With our mortgage advisers you will not have to sign French mortgage offer that you don’t understand.
It is a good time to finance property in France, prices are favourable and interest rates are lower than countries outside the Euro zone. And with us, financing a property in France has never been easier! Interest rates vary according to the amount you borrow and the amount you put down. Our Mortgage firm can finance up to 85% of the purchase price for a capital repayment mortgage, and 80% of the net price for an interest only mortgage. This can also include any renovation costs quoted by French registered builders.
We will offer you a varied range of mortgage products – Interest only or capital repayment, variable rate, fixed rate and special 2 and 5 year fixed rates; the latter combines the security of a fixed rate with the flexibility of a variable rate. We can quote for them all, please don’t hesitate to ask, there is no obligation and it costs nothing! Paradise Mortgages partners provide post finance mortgages, equity release mortgages, renovation mortgages, refinancing – They can even refinance a UK, Irish or Dutch re-mortgage, replacing the home country borrowing with a Euro mortgage on lower European rates and with the security taken against the French property. In fact there are many more advantages to borrowing in France instead of your home country than you may initially realise :
Attractive interest rates in France
You can keep the equity in your home country asset for a rainy day, it will be easier to release this money in a hurry if necessary
Euro currency mortgage
Protection against negative equity if exchange rates fluctuateYou are entitled to tax relief on interest paid if the property is rented
To make your life easier, as part of the mortgage process, we can also help you open a bank account in France - without you having to come to France. Please ask for further details.The international team is prepared to go that extra mile for you. Our service will include liaising with your Notary and estate agent, and if necessary, constructors and builders. If you need a helping hand with anything, if they can help – they will We would very much like to assist you with your project to purchase your dream home in France, so should you have any questions, please do not hesitate to contact us:
