Learn More About French Leaseback Property Mortgages...

French Leaseback Mortgage in France

New Mortgage Finder for French Leaseback property mortgage schemes in France are sometimes know or referred to as French Buy to Let property mortgage schemes. The difference compared to the UK BTL market is that the French Leaseback property schemes are sanctioned by the French government and were introduced to promote tourism. The property which can be either new or regenerated are provided by French developers and offered for sale to investors and those who are happy to give up rights of use of their French investment property during the period of the lease agreement.You can expect to find limited lenders providing French leaseback Mortgages for non-nationals buying in France. However, we have some of the best French mortgage schemes & rates in France to choose from- contact us

For the first time we are able to offer a semi-exclusive Leaseback mortgage whereby all fees including Agent. Notaires and Furnitureplus parking can be included in the mortgage. The scheme offers 85% lending on the Gross price including all of the above.

Our Mortgage Calculator can help you understand the cost of your French Mortgage repayments - Click Here

FRENCH LEASEBACK PROPERTY MORTGAGE SCHEME & LEASEBACK INFORMATION

If you need French Mortgage advice talk to us first, Free email and web advice.

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As your mortgage advisor will be responsible for processing your loan, they will be able to answer queries at any stage of your mortgage application. However, in order to identify the correct Mortgage scheme for you we will need a lot of information. Therefore before any advise is given you will be requested to complete an in depth questionnaire.
Once we have approved your application, we passed it on to the lender, they will then in turn carry out their own checks, they will issue you with a mortgage offer as soon as possible, with an English translation. We will also process your insurance application forms.

We can arrange French Leaseback mortgages on Ski properties or appartments that you intend to use for just a few days or weeks, for longer periods during your retirement or just a holiday home, we can even remortgage an existing French Leaseback scheme if you have been unfortunate to be left on a higher that average interest rate. We can now for the first time release equity from a French leaseback property even if no current lending exists in order to repay a UK loan originally used to purchase the French property from here in the UK.

Our Mortgage Calculator can help you understand the cost of your French leaseback Mortgage and allow you to vary the mortgage loan, Mortgage term and the mortgage interest rate, currently we have taken the average between a number of France alenders standard rates before and after the first years discount to use as a guide only. initial Leaseback mortgage rates of 3.2% can be used in year one, after which you can expect to pay a margin of 1.2% on top of the 1 month euribor rate, for the rest of the mortgage term subject to changes in the euribor base rate of course.This base rate can go up as well as down. Howerver, should some of you prefer to have a fixed rate, no problem, contact us for the latest mortgage rates. Simply complete the online enquiry form and we will call you back.

Some important things you should know about French Leaseback mortgages:

Lending is less available than normal residential Mortgages, you will find the choose to be very limited. However, those lenders who do offer Leaseback Mortgages offer a full range of products. The rate is the same in most cases to those available for conventional property. The affordability criteria is also the same. Only Full status loans are considered.

Howmuch can you borrow?

We can provide lending up to 100% - 110% of the net purchase price which includs all fees. This means we can now include Agent fees, Notaires fees and taxes, Furniture and Parking. It can also allow you to keep the VAT rebate (ask for details). Once released the notaire will be instructed to pass this on to you or if you prefer, the Lender to reduce your mortgage (and mortgage payments) to a level close to 80% of the gross price.

100% of the gross valuation of the leaseback property on Interest only basis is also available as long as the minimum of 20-30% of the value/purchase price is place into the lender deposit bond account. Or 15% on a full repayment basis: please note French Mortgage Insurance & Mortgage protection Insurance will always be required as this is a condition of the loan. French Property Insurance will also need to be arranged. The income from the new rented property can not be taken into consideration when meeting the affordability calculation, unless your financial circumstances are extraordinary good.

 

You can obtain a French Leaseback mortgage and life assurance application forms from us at the address shown or by completing our on-line enquiry form.

 

Further information & property can be found on specialist sites links:

• New Loan Finder - Great Mortgage site of UK and Overseas Mortgages.
  French Buy2Let - Leaseback property Specialist private site with plenty of useful information
  1st For French property - Huge French property site, including French Leaseback
  New Finance Finder - Specialist site focusing on French Finance
  New property Finder .com - Ski apartments and Alps Leaseback scheme
  Leaseback property investment, france, french apartments, villas & cottages A look at leaseback property investments and a selection of available properties.

T: +44(0)870 350 8595 - F: +44(0)870 350 8590

LEGAL INFORMATION

Mortgage Typical Example:

A couple (male and female), aged 29 years, applying to us for a repayment mortgage of 150.000 Euros on a purchase price at 300.000 Euros secured over 10 years. 120 monthly repayments of 1.707,27 Euros, including life Assurance. Total amount payable, 206.372,40 Euros, includes 1.500 Euro arrangement fee. Example based on 6 % p.a. rate. APR is 6,89 % taking account of life assurance and arrangement fee.

In the event of early redemption, you would be charged a fee equal to six months' interest on the capital repaid limited to 3% of capital outstanding before redemption.

WE REQUIRE THE PROPERTY AND CONTENTS TO BE INSURED, AND LIFE ASSURANCE IS ALSO REQUIRED.

Mortgages require a charge on your property.

All loans are subject to status and in most instances a valuation appraisal. All loans are not available to persons under 18 years and for the purchase of real property situated outside Metropolitan France (i.e. Corsica and Overseas French Departments / Territories.
Written quotations are available upon request.

Rates correct at the time of release.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BE SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT AGREEMENT. THE FIGURES QUOTED ON THIS SITE ARE BELIEVED TO BE CORRECT AT THE TIME OF ISSUE, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. ANY QUOTATION SUPPLIED IS NOT AN OFFER OF A MORTGAGE. THE STERLING EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS.

All information available on this site is based on practices at the time of publication and should be regarded as a general guide only. Specific advice applicable to your own circumstances should be sought from a French notary.

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