Dont Keep Dreaming About A House In France
Have you been thinking about buying property in France for a long time? Do you keep thinking that the time isn’t quite right? For how long have you been thinking and dreaming of owning a home in France? Maybe it’s time to act NOW!
What kind of property, where and how much will it cost?
Once you have thought about the type and size of French property you want and where you want it to be then you can start looking at properties online seriously. This is the point at which you should be able to get a pretty good idea of the amount of money you need to buy a property to suit your needs….and if you are like most of us, the property you want may well be more than you can afford. At this point you can choose to wait until you have saved more money or decide that life is just too short to keep putting off the dream. Perhaps it is time to look at raising finance for the purchase!
The best mortgage solution
Most people who decide to borrow money to finance their French house purchase automatically think in terms of raising a mortgage on their U.K. property. Often, they take this view thinking it will be the easiest option and feeling daunted by the thought of applying to a French bank. However, raising a mortgage on your U.K. property may not be the most sensible way to finance your French house purchase, as it puts your U.K. home at risk should anything happen.
The alternative, and safer solution is to raise a French mortgage for the purchase of your French home. At Healey Fox we work closely with BNP Paribas Bank who have a dedicated section of their bank for non-French buyers of property in France. All the staff speak English and will help you through the whole application process. They will discuss the various mortgage products they offer, leaving you to decide which suits you best. You will then need to complete the application forms and submit supporting documents to request an ‘offer in principle’.
Be in front of the queue
The ‘offer in principle’ will prove to estate agents and vendors that you are a serious buyer and may well put you in front of the queue if there is more than one interested buyer. Even if there is no race to buy the property, having an ‘offer in principle’ in your hand may well be a good negotiating tool when it comes to discussing the purchase price of your chosen French home.
For more information please contact us on +44 (0)1306 775 008, or you can request a quote here below. We are always happy to have an informal chat with anyone who is thinking of buying property in France.
from the Healey Fox team