100% French Mortgage

It is still possible to obtain a 100% French mortgage for a non-resident which is a good indication that the French lenders are in an extremely strong position compared to their European counterparts. One of the main reasons the French market is in such a healthy position is due to the fact that they have historically been more cautious in their lending approach compared with many lenders in other jurisdictions.

The criteria for the 100% products that the French banks employ has always been strict and this is something that is unlikely to change in the near future.

We outline the criteria that must be fulfilled below:-

Significant savings

The 100% products available are mainly aimed at applicants who have significant savings and cash available (this usually requires cash to the equivalent of around 30% of the purchase price) but choose to invest this elsewhere in their investment portfolio.

Substantial assets

The French lenders require that the client has considerable assets i.e. the applicant must be a homeowner with equity in the property they own.

Considerable earnings

Clients must have considerable earnings - €90,000 for a joint application or €60,000 for a sole applicant.

Low debt-to-income ratio

Generally speaking, this should not be greater than around 30% (see page on affordability).

Ultimately, it is probably best to discuss your options and see whether you fit the lenders criteria with an experienced French mortgage consultant. To find out whether you are eligible to a 100% French Mortgage product or if you would like to look at the other products on the market please contact a mortgage consultant on 0044 (0)207 484 4634 or submit your details here.