French Property Finance

There are many factors to consider when buying a property abroad. Top of the list is often Finance. Many are "downsizing" - selling a valuable property in the UK and using the proceeds to buy a cheaper  permanent residence in France. The excess is invested or used to fund retirement or living in France.

However, many people need to raise some French Property Finance to purchase their second home, investment property or permanent house in France. For many, a re-mortgage in the UK, may be possible for those sitting on equity in their UK property. Alternatively, a euro mortgage may be an alternative. Euro interest rates are lower than UK rates (Jan 2008) which make them attractive. Typically on a resale French property you will need be able to finance about 70% through a Euro mortgage. You need to look at the mortgage costs and the currency exchange rates. In Jan 2008, the euro is gaining strength at Sterling's expense. So if you are paying for a Euro mortgage from the UK, the monthly mortgage costs could be increasing! Our mortgage brokers can advise you on the best solution.

Whilst the Euro is gathering strength against Sterling, our Currency Exchange partners can fix the exchange rate for you. Particularly valuable if you have to transfer a large sterling amount into Euros at a later date - you can fix the exchange rate at today's rate - saving you £££s . In addition, our Currency Exchange partners have much better exchange rates than the High Street Banks.  So make French Property Finance go further - contact our Currency Exchange partners for more advice.

We hope some of these solution will make your French Property Finance go further!

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