France

At a glance:

*Rental income considered in affordability calculation

Maximum Loan to value 80%
Maximum Interest only period 10 years
Maximum Term 30 years
Maximum Age on completion 70
Average interest rates 5.10%
Average monthly price per thousand (annuity) 5.44

Process:
Arranging a French mortgage requires close attention to detail in regard to the banks specific requirements. While Place 4U takes  care of his on your behalf, it is important to emphasise to your client that, more than any other country, French banks will not compromise on their criteria. If an application is incomplete in any way, and consequently declined, this decline is recorded in the French central bank, thereby influencing any further mortgage applications.
Off plan mortgage products are readily available with all banks, where the bank approves the client for a mortgage before the property is built. In some cases the developer is happy with the approval, but in most cases, the client must draw down on the mortgage in advance of completion. This is common place and there are strict regulations protecting the client from the developer either going into liquidation or reselling their units.
In France, the bank checks are very thorough and may take time. Insurances are also expected on all purchases, both life and property.

Approximate timelines (weekends not included):

Costs:

For guidance purposes, as costs vary from lender to lender:

Currencies:
French Mortgages are available currently in Euros, GBP, US Dollars, Swiss Francs, Canadian, Hong Kong, Singapore, Australian and New Zealand Dollars.