French Mortgages

Looking for a

First home?

Holiday home?

Investment property?

Commercial property?

Loan restructure or refinance?


With Harrison Brook Property

Preparation

When it comes to organising an international mortgage, one thing that we tell our clients is that preparation is key.

Wherever possible, approach us as early as possible and we can get the ball rolling by giving you a clear plan of action in order to make the organisation of your mortgage run smoothly.

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Where will you go?

At Harrison Brook we have strong relationships with a number of mortgage providers across France. 

As expat Financial Advisers in France, we have a deep understanding of currency and can provide the best way for you to go about getting your French mortgage

A French mortgage isn’t a one-size fits all kind of deal.

We place the utmost importance on determining individual circumstances in order to develop forward thinking plans that are completely centred around getting you the best deal for your cash.

We do the ground work so you don't have to

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Don't let your dream of living abroad be stopped by French mortgage providers.

Harrison Brook Property can help.

Own the house of your dreams, in the place of your dreams

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Save Time, Save Money

By ensuring that you have everything in place, such as your budget and deposits, we can start to take steps to secure you a pre-approved mortgage.

Which will save you both time and money when you start to search.

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Your Choice

Whether you are looking for fixed or variable interest, or variable loan-to-value mortgage structures, we have a dedicated team that can arrange your mortgage on a range of properties.

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Get in touch

HB Property S.A.S © 2017 All Rights Reserved.

ADDRESS:

1752, Route Nationale 7, 06270, Villeneuve-Loubet, France

EMAIL ADDRESS:

hello@hbproperty.fr

PHONE NO:

+33 (0)492 080 641

WHY DO YOU NEED A FRENCH MORTGAGE

French interest rates are currently very low and it appears that rates are set to stay that way for the near to medium term. 

Accordingly it has never been more attractive to acquire a loan to finance your property purchase. 

In France it is also possible to lock in Fixed rates from day one for the duration of the loan so you know that the rate is fixed long term. Variable rates are currently very competitive and offer the possibilities of early repayment usually without penalties.


When purchasing a property in euros, it is recommended to have a loan against that property in euros to avoid potential risks of fluctuation in currency values against the property.

Apply for your mortgage and realise your dream today!

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THE PROCESS

1. THE APPLICATION PROCESS

Once you have found a property, ideally you would then speak to a French Mortgage advisor in order to understand the process of applying for a mortgage and to discover how much you can borrow and at what cost. 

The French lending criteria differs from other countries so it is important to understand how much the purchase will cost you. We can advise you of likely scenarios well in advance of finalising your purchase.

2. SIGNING THE SALES AGREEMENT – COMPROMIS DE VENTE

It is very important when signing this sales agreement to have a Mortgage Clause, this is called a ‘Clause Suspensive’ so this means if for whatever reason your loan is refused you are able to get back your deposit for the property. 

Once a sales agreement is signed you have around 45 days to make your loan request here in France. Also a preliminary signature date is fixed usually 2-3 months later for the definitive signature at the notary.

5. GETTING LIFE INSURANCE

Once we have an acceptance from the bank for your mortgage, the next step is to get the relevant life insurance in place to cover the loan. What will be required will depend on your age and the size of the loan, as well as the insurance cover required. 

Harrison Brook Property can provide you with English translations of all of the insurance questionnaires and medical requirements.

6. OPENING A FRENCH BANK ACCOUNT

Once the life insurance policy is in place, you will be ready to open a French bank account. The account will either set up by the lending bank, or, if they are a specialised lending house then we can organise the opening of a bank account on your behalf with a bank of your choosing.

 3. SPEAKING TO A FRENCH MORTGAGE BROKER

It is important to understand the process, here at Harrison Brook Property we will be able to give you a breakdown of the costs involved, how much you will be able to borrow, and the sort of rates that you may be able to obtain. 

Based on your personal financial situation we will be able to tell you exactly what documents will be required by the relevant French banks for your application. We will provide you with a simulation of the process and the documentation list that will be required for you to move forward.

4. PLACING THE FILE WITH THE BANKS

Once we have received your application and the required documentation, we calculate for you the exact debt ratio and feasibility of the file, which will enable us to advise you as to which bank will best suit your requirements.

We personally take your file to the bank in order for it to be analysed for acceptance. This process usually takes around 7 days.

7. LOAN ACCEPTANCE

Once the Life insurance is agreed and the bank account is open, then the bank can print off the loan offers. In France there is a legal delay between reception and acceptance of the mortgage offer of 11 days. 

So if you receive them on the 1st you have to wait until the 12th to return them. Any mistakes here can void the application, but in our hands the accuracy of the process is assured.

8. SIGNING AT THE NOTARY

Once the bank has received the signed loan offers the next step is to sign at the Notary in order for the Title deeds to be transferred to you and for the banks guarantee on the property to be arranged. The majority of our customers come to the Notary office where you sign, and ownership is transferred to you as the new owner.

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MORTGAGE CRITERIA

Minimum Mortgage amount - 100 000€


Loan to values for non residents - 70% - 85% 

depending on client profile


Minimum levels of income -

Individual = 35 000€

Couple = 50 000€


We can finance across the whole of France with our panel of French lenders.


Important note - notary fees are on top of a purchase price and are not financed by banks - around 3.5% for new build and around 7.5% for existing properties of the purchase price.

Apply for your mortgage and realise your dream today!

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Loan Restructuring and Refinance

HB property can also help international clients who are resident in France with loan restructuring and loan refinance.

Example - you are a French tax resident living in France and have a mortgage on a property in France and also a number of personal loans, car loan, works loan etc that you would like to regroup together in order to reduce your total monthly outgoings.

We can help with this by buying back the loans and grouping them together, increasing the duration and reducing your total monthly payments.

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