Financing your property in France
Capital Financial Partners, rue albert Einstein espace Milinaire bat3, 34000 Montpellier France phone. 0033 467697442  mobile +33 6 22 85 46 56  email  alex.weir@cfpworldwide.com
France continues to rise in popularity for uk and irish property investors. The easy access, great summer climate and superb cuisine ensure that it will always be a popular choice for investors and tourists alike. Property has continued to accrue constant and sustainable growth, whilst attracting strong rental yields. This is due in the main to the continued popularity of france as a tourist destination. While the leaseback scheme has been in evidence in france for the last twenty years it is only recently what overseas investors have begun to take advantage of the investment opportunity, which offers a guaranteed level of rental income from the short term letting of your property to either tourist or corporate clientele. Capital financial partners work closely with all the main French financial institutes to ensure that you receive the best advice available when financing your new property in france.


CFP Offices: Nice, Montpellier
Time Difference: GMT + 1
Flying Time: 2—2.5 hours
Major Airports: Nice, Montpellier, Paris
Currency: Euro
Languages: French
Capital City: Paris
Climate: Temperate, but varies depending on the region.


Qualification for a mortgage can vary from bank to bank, generally qualification is dependant on your ability to repay your mortgage and debts at home, as well as your mortgage in france. The figure used is usually expressed as a % of your gross income. Eg. In France this is 33% of your gross income. Please note however that some banks are more flexible than others.

All mortgages have associated costs, for France these costs are: Bank arrangement Fee: Between €500 and €1,500
approx 1% of the purchase price
Bond Entrance fee: 3% of amount deposited
Notary: 0.75% - 1.5% of the mortgage amount

Max loan: 80% of the purchase price
Maximum Term: 25 years
Maximum Interest Only Term: 10 years
Maximum Age of Completion: 70
Best Rate: Euribor plus 0.55% - 1.5%
Mortgage Process Length: 4-6 weeks
  
Disclaimer: All facts and figures are accurate as of end January 2007.
these figures may vary depending on individual circumstances.

Capital Financial Partners, rue albert Einstein espace Milinaire bat3, 34000 Montpellier France
phone. 0033 467697442   Email: alex.weir@cfpworldwide.com