You may have spent your holidays in France or just dreamt of living there. You may have fallen in love with a specific region or area and you would like to buy a property there. At HB Mortgages, we specialise in Non-Resident mortgages in France. Our main area is Cote D’Azur, especially in the beautiful city of Nice. We have bilingual mortgage advisers with over 18 years of experience in the French market, especially for Non Resident mortgages in Nice. They will be able to assist you throughout the whole process, simplifying all steps for you by taking in consideration all monetary, fiscal and regulatory issues that might arise.
- Minimum Property Purchase price - 150 000€
- Loan to values for non-residents range between 50% - 85%
- Loan term of up to 25 years
- Minimum levels of income required : 50 000€
This loan is offered in France and Monaco, but is always required to be linked an investment often referred to as Assets Under Management (AUM). Because you are only paying back interest and not capital, the monthly payments are considerably lower, however this can not be the reason to go for an Interest only mortgage. The amount of investment differs from bank to bank but also on the size of the loan. It tends to vary from 30 -50% of the loan amount.
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