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.

Let Us Help You

Tell us a bit about yourself and one of our mortgage advisers will help you.

  • Free Consultation
    No obligation advice
  • Our consultation won’t run any credit checks
  • Explore borrowing options best suited for you

Want to chat to an adviser now? Launch Live Chat

Capped Rate Mortgages

Capped Rate Mortgages are interesting because the variable rates are very low at the moment.

Find Out More

Fixed Rate Mortgages

Fixed Rate Mortgages are very interesting in France as the rate is often fixed for the entire duration of the loan, so up to 25 years.

Find Out More

Variable Rate Mortgages

Variable rate mortgages are based on LIBOR 3 months or 12 months plus the banks margin.

Find Out More

Interest Only Mortgages

The purpose of this investment is to acquire interest and serve to repay the outstanding capital at the term of the loan.

Find Out More

Capital Repayment Mortgages

Capital Repayment Mortgages are the main type of loan offered by banks in France where you are repaying both capital and interest from the start of the loan.

Find Out More