French property Guide: how to obtain the French mortgage

12. Feb 2011 Adrian Grahams

Search for financing your property in France for French mortgage. -By Steffen Heilfort (my work)

Thousands of Brits to buy properties in France every year. Whether it's relocation, investment or holiday, France in many parts of the properties are still cheaper than in the United Kingdom. This is added the possibility to live a good life in France makes buying property in France, many of the unavoidable.

French Mortgage Guide

Credit hit UK banks and the societies of the tough and tender on the basis of the terms of mortgages for less as easy as before the recession. Buy through mortgages are also less common now than before.

One way to finance the purchase of property in France is to forget trying to get a mortgage for UK bank or building society and the election of French mortgage instead.

French house buying process differs from the UK system. At the right time to apply to the French mortgage lender in France is, once you've seen the property, including but not limited to, and has made its offer.

Search the French mortgage (1)

Provides step-by-step instructions on how to get a mortgage in France:

• A lot of work, you must buy the dream property in France rent. Whenever it is prudent to suppress you book as a deposit because this reduces the amount of the mortgage, monthly payments and pay in the public interest to reduce as much as possible. Use the online currency converter, you have a clear £ Gbp and euro.

• Decide, French mortgage insurance policy. You must decide whether to sign the agreement in the form of an assignment, Compromis de Vente, the seller's estate agent is known as the time.

• Approach to French banks to obtain mortgages available in the area of information on UK citizens. French banks are usually happy to lend UK residents who wish to buy real estate in France, and they offer competitive variable and fixed rate mortgages. French formula out of mortgage loan sizes are different than those used by UK lenders. In the United Kingdom, the mortgage loan lenders set sizes based on applicants ' salaries. In France, the lenders how much of the loan by adding to the music, the applicants ' existing monthly loan and mortgage commitments on the part of the monthly mortgage payment in France. In order to obtain the applicant's total monthly mortage France costs must be less than the total combined monthly income of 3.

• To retrieve the selected mortgage months before signing the sale or Acte de Vente, a great feature for the purchase of the local notary office. Compromis de Vente and Acte de Vente signing time is generally around three months. The notary does not allow you to go through until you have a mortgage in place of the sale.

If you do not understand fluent in English, France, the appointment of the representative of the transfer of the Think helping the French property purchase.

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