- In many
instances acquiring a mortgage is a prime consideration when buying a
property in France. You may think that organising your mortgage through
your local bank is the easiest option, but it is definitely worthwhile
considering your options in France before picking up the phone to your local
bank manager.
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- Taking out a
mortgage can be stressful enough in your home country, let alone overseas,
where you may not speak the language or know how the system works. The
International team at UCB Mortgage are here to help, and will assist you at
every stage of the process, offering friendly advice and guidance
throughout. We understand that this will most likely be a new experience
for you and will therefore take time to explain all the little differences
between the French system and what you are used to in your home country.
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- UCB (a
subsidiary of the BNP Paribas Company) has designed a special service for
English speaking customers in order to accompany you through your project in
France, from the search for the best mortgage solution, to the payment of
your last instalment.
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- Here at our
South West France Bordeaux office, Deborah, Caroline and Pierre are
bilingual and bicultural mortgage advisers (Deborah and Caroline are
British) and are on hand to help you at every stage of the process. We will
guide you through your mortgage application, and will share with you our
wealth of knowledge of the French purchasing procedure. All mortgage
documentation is provided in English and French. We are also unique in that
we send your formal mortgage offer out to you in English – With UCB you will
not have to sign French mortgage offer that you don’t understand.
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- It is a good time
to finance property in France, prices are favourable and our interest rates
are lower than countries outside the Euro zone. And with UCB, financing a
property in France has never been easier !
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- Our interest
rates vary according to the amount you borrow and the amount you put down.
UCB Mortgage can finance up to 85% of the purchase price including
estate agency fees for a capital repayment mortgage, and 80% of the net
price for an interest only mortgage. This can also include any renovation
costs quoted by French registered builders.
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- UCB has a
varied range of mortgage products – Interest only or capital repayment,
variable rate, fixed rate and special 2 and 5 year fixed rates; the latter
combines the security of a fixed rate with the flexibility of a variable
rate. We can quote for them all, please don’t hesitate to ask, there is no
obligation and it costs nothing !
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- We also
provide post finance mortgages, equity release mortgages, renovation
mortgages, refinancing – we can even refinance a UK, Irish or Dutch
re-mortgage, replacing the home country borrowing with a Euro mortgage on
lower European rates and with the security taken against the French
property.
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- In fact there
are many more advantages to borrowing in France instead of your home country
than you may initially realise:
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- attractive
interest rates in France
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- You
can keep the equity in your home country asset for a rainy day, it will be
easier to release this money in a hurry if necessary
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- Euro
currency mortgage
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- Protection
against negative equity if exchange rates fluctuate
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- You
are entitled to tax relief on interest paid if the property is rented
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- To make your
life easier, as part of the mortgage process, we can also help you open a
bank account in France - without you having to come to France. Please ask
us for further details.
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- The
international team in Bordeaux is prepared to go that extra mile for you.
Our service will include liaising with your Notary and estate agent, and if
necessary, constructors and builders. If you need a helping hand with
anything, if we can help – we will.
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- We would very
much like to assist you with your project to purchase your dream home in
France, so should you have any questions, please do not hesitate to contact
us.
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- Deborah
Lewis, Pierre Porte and Caroline Hammant
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