• All mortgages will be in Euros, and the lender will take a first charge against
   the French property.
• Loans are for residential property and available to individuals and purchases
   arranged in the name of an SCI.
• Variable mortgages are fixed for an initial period i.e. most usually 3 months or
  1 year and then recalculated using the EURIBOR (European Interbank
  Offered rate) plus a margin.
• Fixed interest rates are available for up to 20 years.
• To ensure all formalities run smoothly a minimum of a six-week period, from
   application to a lender, should be allowed for completion.

Lending Criteria & Eligibility
• Mortgages are only for residential property (Chateaux can be considered on a
   case by case basis).
• All mortgages are full status and proof of income will be required.
• The minimum loan amount that PropertyFinance considers is €75,000.
• The mortgages must be fully repaid by the age of 70 with a minimum term of
   7 years and a maximum term available of 25 years.
• Eligibility to borrow depends on the level of commitment and current
   borrowings. Approximately one third of monthly income can be taken up with
   existing mortgage, loan repayments and the proposed Euro mortgage.
• No potential rental income from the property can be taken into consideration.

Acquisition Mortgages
• Max LTV is 85%.
• Leasebacks can be financed up to 80% LTV, subject to approval of the
   scheme by the lender.
• Mortgage Products available:
• Repayment:
     • Variable rates from 2.95% with margins from 1.20%.
     • Fixed rates from 3.90% on shorter terms and to a maximum term of 20
        years.
     • Capped rates from 3.2%
• Interest Only:
     • Variable rates from 4.00% for a maximum term of 20 years.

Renovation/Construction Mortgages
• Max LTV is 80% of the value of the land and the plans & work estimates
  submitted. Please note all work must be carried out by registered French
  builders.
• Stage payments are available, the first tranche at completion and the last
   tranche to be submitted within 24 months of the completion date.
• The borrower must own the plot of land, and this must be registered with the
   land registry with the relevant permits and insurance.

International Equity Release
• Max LTV is 70%.
• This scheme is available to both employed and self-employed clients.
• Repayment Variable rates available on request.

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- See also:
- Caribbean Mortgage
- Morocco Mortgages
- Italian Mortgages
- Spanish Mortgages