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Currency : |
Euro |
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Borrower : |
The borrower can be a person or a company such as a SCI,
a family held SARL, a SNC, a EURL. One of the partners
(even the major shareholder) within the company can be a LLC,
a LLP or a trust (so long as the structure is “transparent” and we can identify the owner / beneficiary.
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Types of loans : |
Fixed - Variable - Combination of fixed & variable - Interest Only. A deferral period is available on certain products.
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LTV (loan to value) : |
Up to 80% of the net price (excluding VAT) for leaseback properties;
up to 80% of all other acquisitions, VEFA (off-plan properties).
Up to 100% possible if extra collateral is provided : 20% investment
(25% if investment is in a foreign currency), another property,
a bank guarantee (under certain conditions)…
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Minimum Loan Amount : |
€ 100,000 |
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Security Required : |
First legal charge on the property and when applicable, a lien on the pledged savings account. |
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Mortgage Term : |
5-30 years depending on the product. |
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Property Location : |
Mainland France. |
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Method of Payment: |
Monthly direct debit from any bank account in France. |
