Why finance the purchase in France? We believe it's essential that when you are looking at making a property investing in any country that a local bank is willing to give finance on the property.
If you decide not to use local finance that's fine, but in our view it needs to be available or a very valid reason why it's not available. (some eastern European countries still have an underdeveloped mortgage market)
If a local bank is willing to provide a mortgage to a person from another country that they have never met and have no relationship with, it speaks strongly for the quality of the investment property, the rental management company and the rent potential the property has.
When assessing whether they will grant a mortgage, the local French bank is going to examine the rent potential, and the re-saleability of the property in the event of default. If the bank has an issue with either the rent potential, price been paid for the property, the re-saleability, the management company or the quality of the developer, the local bank will generally will not want to finance the investment.
Want to proceed to processing a mortgage application? Please fill out the following form and we will send you a French Mortgage application form and check list to enable you to process a formal application for you.
