Purchasing a property abroad is never easy, and neither is getting an expat mortgage in France! However HB Mortgages are here to make the process stress-free.
- 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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France has long been a popular destination for overseas investors looking to purchase property, but what does 2019 hold for the market? Where should buyers be searching, and is this the right time to take the plunge and purchase property in France? Well, the year to July 2018 saw more houses sold in France than any year since 2006, according to property statistics.
Prime properties in the Cote d'Azur, or French Rivera region, remain popular with French expats and overseas buyers. There are significant numbers of prime properties available, making this a true buyer's market with discounts of between 10% and 30% on request.