Second Home purchase, Aix en Provence - 2.350.000€ purchase price

The client was a UK resident and was looking for a loan to value of around 70% for the property purchase.

 

What was needed?

He was buying a second home, but his personal situation was quite complicated as he was involved with a number of different companies and his income was mainly dividend income as opposed to a regular monthly salary.

What was the challenge?

We were able to prove his levels of income that were of a high level and luckily recurring over the last 5 years. So, were where able to calculate and show a stable average and reassure the banks that the debt ratio was more than acceptable, even with his other property assets held both in the UK and abroad.

The HB Mortgages solution

We managed to obtain a 70% loan on a capital repayment mortgage over 15 years with a fixed interest rate of just 1.80% for the 15 year period for this UK client. So, if you have any clients looking to purchase here in France we would be happy to assist them in trying to obtain finance here in France. Please get in touch and we would be happy to assist.

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'HB Mortgages' is a trading name of 'HB Property S.A.S'. 'HB Property S.A.S' as comme activites, achat, vente, location et gestion de bien immobilieres, courtage en operations de banque et services de paiement. Immatriculation au R.C.S Antibes ‘831 714 761’. 'HB Property S.A.S' est inscrit a L'Orias le Registre unique des Intermédiaires en Assurance, Banque et Finance sous le numéro d’immatriculation '18005964'. Carte professionnelle 'Transactions sur immeubles et fonds de commerce' (Gestion Immobilière) numéro '0605 2018 000 036 819' délivrée par la CCI de Nice Côte d’Azur. TVA Intracommunautaire FR 06831714761.