Mortgages in France
France is the most popular tourist destination in the world, and for good reason. With beautiful beaches, the French Alps, romantic cities, delicious food and a fantastic way of life.
If you’re looking to buy a property, then we can help to arrange a French mortgage.
Make an EnquiryOur French Mortgage Services
- French Main Residence Mortgages
- French Holiday Home & Second Home Mortgages
- French Buy to Let Investment Property Mortgages
- Para Hotelier Mortgages
- French Self Build Mortgages
- Design & Build French Mortgages
- French Interest Only Mortgages
- High Net Worth (HNW & UHNW) French Mortgages
- French Mortgages for Self Employed and Freelancers
- French Mortgages for Company Directors and Owners
- French Private Bank Mortgages
- Expat French Mortgages
- French Mortgages for French Leasebacks
- Large French Mortgages
- New Build (Off Plan) French Mortgages
- French Mortgages for LLP Partnership Status (Doctors, Lawyers, Fund Managers, etc)
- French Mortgages for Renovations & Extensions
- French Post Finance Mortgages
- French Refinance Mortgages
- French Equity Release Mortgages
- French Mortgages for American Buyers
- French Mortgages for those working Offshore
- French Mortgages for those working on Yachts
- Buying through a French Company
- Mortgages for a French Chateau or Castle
- Mortgages for a French Vineyard
- Mortgages for French Wealth Tax
- French Bridging Finance
- Lombard Loans & Back to Back Mortgages
French mortgages by Region
FAQs
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What documentation will I need?
Here’s what you’ll need to provide with your application:
- Your passport
- Proof of residence
- Proof of income
- Bank statements and tax returns from the previous three months
- The initial sales agreement (Compromis de Vente)
- Life, property and/or health insurance policy documentation, as required by the lender
- Copies of any current mortgage or rental agreements
- A completed statement of assets form.
PROCESS OF BUYING A FRENCH PROPERTY
Mortgage Terminology
Purchase price
This is the price of the property you are looking to acquire, excluding fees. It may include or exclude the VAT (known as TVA in France), depending on the type of property.
Mortgage Amount
This is the mortgage amount you want to apply for – or the maximum mortgage amount we can offer.
LTV
This is the Loan to Value. The maximum loan to value depends on a variety of factors.
Interest Rate
This is the rate being offered by the lending bank. Warning, the rate is locked only when the mortgage offer is printed – so there is a risk that the rate may vary.
Duration
The duration chosen for your mortgage. Most banks offer a maximum duration of 20 years.
Monthly Repayment
This is the monthly cost of your mortgage, excluding the mortgage insurance.
Insurance Premium
The amount that the mortgage insurance (which is mandatory in most cases) could cost you based on the original mortgage amount borrowed. We may be able to reduce it.
Deposit
This is the money from your own funds/savings that you need to put down in order to buy the property (not to be confused with Personal Contribution, see below), excluding fees.
Notary Fees
The French equivalent of the stamp duty – which is the same whether you are paying by cash or with a mortgage. This is payable at the signature of the deed of sale and is not something that can be added to the mortgage.
Mortgage Tax
There are two types of taxes here: privilege de preteur de denier (PPD) and hypotheque. PPD (circa 0.5%) applies to existing properties and hypotheque (circa 1.25%) to new build. For off-plan properties, the notaire will require a PPD on the part that is already built and a hypotheque on the remainder (which makes it cheaper for you). The notaire will confirm the final amount at the signature of the mortgage deed. This is payable at the signature of the deed of sale.
Broker Fee
We charge a fee of 1% of the loan amount in the event of a client’s purchase being successfully financed by a bank. This equates to a very small percentage of the loan amount over the life of the mortgage. Our goal is to try and secure you a 20-year fixed rate at 1.5% so that you don’t need to refinance every 3-5 years (and incur repeated fees) as one might in the UK. Depending on the bank, the complexity of the borrower’s profile and the mortgage amount, we work a total of 10 to 30 hours on each application. This is payable at the signing of the deed of sale.
Bank Fee
Each bank has a different fee structure; the banks we work with tend to offer rates that range from 0.3% to 1% of the loan amount. Financing non-resident buyers requires expertise and more time than arranging a mortgage in your home country. The process will take up to 4 months (occasionally even longer for bigger deals) so the lender charges accordingly. This is payable at the signing of the deed of sale.
Personal Contribution
This is the total money you need to pay from your savings and it is payable at the signing of the deed of sale. For off-plan properties with stage payments, you must pay your deposit first before the mortgage kicks in.
Collateral Required
When dealing with a private bank, you can decide together with your adviser how to invest your portfolio. Anything with an ISIN number can be considered as long as it’s easily understood by the banker – but it needs to make sense from a risk perspective since the funds are collateralised against the loan. Please note that French Private Finance cannot provide investment advice.
Total Interest Paid
This is the amount of the interest that will be paid over the course of the mortgage if you do not make overpayments.
Total Insurance Paid
This is the amount of the mortgage insurance that will be paid over the course of the mortgage if you do not make overpayments.
APRC
This is the actual percentage rate you will pay on your purchase and includes the mortgage rate, mortgage insurance rate, bank fees, broker fees and mortgage registration tax.
Total Cost of the Loan (fees + interest + insurance)
This is the total cost of your loan paid over the course of the mortgage if you do not make overpayments.
Total Deposit (including fees and collateral)
This is the total amount that needs to be paid upfront to the bank.
