Buying a house in France: French finance
If you’re used to the wide variation of mortgage offers in the UK, the French marketplace is child’s play: as far as we can tell, all mortgages are either fixed or variable rate and they are all the repayment type.
If you are buying your house “subject to mortgage”, you will need to see the bank before you see the notary as you will need to say “subject to obtaining a mortgage from X bank at Y% over Z years”. If this isn’t added to the “compris” then you will lose your deposit if you can’t get a mortgage.
French investments are incredibly simple too. The only problem with them is that you need to buy them through an advisor which is even more of a pain than trying to do something banking-related through your bank advisor. Due to this and the very limited range available, it’s best to continue to do your investing through the companies that you are already using.
Related posts:
- Buying a house in france: French banks
- Buying a house in France: banking & finance
- Buying a house in France: French banking practices
- Buying a house in France: Post Office and Co-Operative bank accounts in France
- Buying a house in France: what about your UK finances?
