Second home purchase, Alpes Maritimes - 900.000€ purchase price
This was an interesting challenge, as it was for an American tax resident.
What was needed?
The purchase was for a second home in the Alpes Maritimes here on the French Riviera.
What was the challenge?
There are very few banks who can finance US residents due to extra regulations involved with FATCA and US residents. The client was looking for around 50% LTV, which helped as the client did have a good personal contribution.
The HB Mortgages Solution
In the end, we managed to get a 60% LTV over 15 years with a fixed rate of just 1.55% for the duration of the loan. So a happy customer in the end as the rate was considerably lower than expected.
So please do not hesitate to get in touch if you are American looking to buy here on the French Riviera or you are a Non-resident looking to buy a property and need a mortgage in France, we would be happy to help.
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