France

Do I qualify for a French mortgage?

To qualify for a mortgage in France, a calculation is used to establish whether you can afford to maintain the mortgage repayments. Once you have completed our enquiry form, Mortgage Helpline International will be able to assess your suitability for a mortgage.

How much can I borrow?

Calculation based on the valuation or purchase price, whichever is the lower

Up to 85% of LTV available for house purchase, remortgage or home improvements

Based on joint gross pay, where joint income is applicable

Existing liabilities, e.g. mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed French mortgage payments. All this must not exceed 33% of your monthly gross income. Part of the rental income (up to a maximum of 80%) may possibly be taken into account, if there is an existing rental contract in place.

What evidence of income do I need?

If you are employed:

Your last three month’s payslips

Your latest P60 or Employers Reference

Your last three month’s personal bank statements

If you are self-employed:

Your last three year’s signed accounts

Your last three year’s personal tax returns

Your last six month’s personal and business bank statement

Accountant’s declaration

Your last three month’s personal bank statements

Example mortgage payments

If, for example, your gross joint monthly income is £2,500, 33% of this equates to £825. If your only liability is your mortgage payment, of say £300, this would leave a balance of £525 for your French mortgage repayment.

What types of French mortgages are available?

For our latest rates and to see the different types of French mortgages on offer, please contact us.

Euro loans are available on a Repayment or Interest Only basis up to 85%. Loans in other major currencies are available up to a maximum of 70%. Loans for Leaseback type properties are available up to 100% of the NET Purchase Price

The maximum term of any mortgage is 25 years, this varies on the type of loan

Repayment, Interest Only, Fixed Interest and Capped Rate mortgages are available

The minimum loan you can take out is €100,000