Foreign buyers may also apply for a mortgage in France. Although this has become more and more difficult. Actually, there is only one French bank who does this and only from a minimum loan of € 120,000. French banks can lend up to 80% of the purchase price (excluding notary fees). The mortgage capacity is based on the buyer’s current salary. Approximately 33% debt on your net income is allowed. The most common type of mortgage means that there is a monthly repayment and interest to be paid. At the end of the agreed repayment period, the mortgage is paid off. In some cases, it may be possible to set up an interest-only mortgage.
If you want to know more about the kinds of mortgages you can apply for and the amounts you can borrow, please feel free to contact us.