1st for French Property - Villas, Farmhouses, Gites, Longere, Mas, Mills, Barns in all regions of France

1st for french property

 
Main Menu: French Property | Investments | Guides | Services | Community | Advertising | About Us | Contact Us | [Search for French Properties][1st for French Property Home]


community COMMUNITY
Community - Welcome

articles about France ARTICLES
Latest Articles
Living In France
Buying In France
ARTICLES BY REGION
Alsace
Aquitaine
Auvergne
Burgundy
Brittany
Centre
Champagne-Ardenne
Franche-Comte
Ile de France
Languedoc-Roussillon
Limousin
Lorraine
Lower Normandy
Midi-Pyrenees
Nord Pas-de-Calais
Picardy
Poitou-Charentes
Provence
Rhone-Alpes
Upper Normandy
Western Loire
 
POPULAR AREAS
Dordogne
 
Archive - All Articles
RSS FEED - ALL
 

Did You Know?

Regions and Departments: France is split into Regions and then subdivided into 100 French Departments and then further divided into arrondissements, which in turn, are divided into cantons. Each canton consists of a small number of communes.

>> French Home >> Community >> Articles >> Get up to speed on French property ....

Get up to speed on French property deposits

Anyone planning to get a mortgage when buying property in France will have to pay a deposit to the bank.

This cash sum is a way of letting the bank know that their client has a trustworthy source of income and will usually be expected to be paid regardless of where a mortgage is obtained.

The amount of money which is handed over as a deposit will depend on a variety of factors based on the situation of the individual.

Those who choose to live as residents in France and therefore pay income tax already may be offered a 100 per cent mortgage – in which case a deposit is not deemed necessary.

But many people who are thinking of investing in French property decide to remain in the UK and use it as a holiday home or rent it out to others.

In this case, the deposit will most likely be somewhere around 15 per cent of the final sale price.

Anyone who is buying a property but is not a European resident may be asked to pay a higher deposit of around 20 per cent.

The price of your new home will, of course, reflect the cost of your deposit but if you are able to obtain equity on your previous house or have saved regularly, then fronting this fee should not be a problem.

If you enjoyed this article please Social Bookmark so that others can benefit .....



Related Articles:
Know your mortgage options when buying French property
A move to France doesn't have to be taxing
Insurance top priority when buying in France
Get a good view of French property
Get up to speed on French property deposits
Will you pick a survey for your French property
Get you French home out from under the hammer
French investors inherit foreign will system
Counting the cost of buying in France
Top tips for buying a French property






OUR TOP LINKS
French Property for Sale
French Property Listings



Best sellers from

Sleeping with Paris
by Juliette Sobanet
Amazon Price:
 
The Silver Locket
by Margaret James
Amazon Price:
 
tel: +44 121 286 8890 email: © 1st for Property LTD

More Info: Regional Guides | Department Guides | Buying Guides | French Property Listings | Vacation Rentals