We were approached by a Channel Island family office on behalf of their client, a chairman of one of the largest conglomerates of his country, active in multiple sectors. The client was looking for a solution to finance the acquisition of a €5.4 million property in central Paris.
Paris is not only the most popular tourist destination in France but also across the whole of Europe, leading to an ever-growing demand for property in Paris. Demand for Paris mortgages has played a major role in the development of the French mortgage market. This is a market that attracts not only French property investors but international investors and ex-pats from around the world.
We knew that the client’s lack of presence in the EU and his nationality would prove to be a challenge. What is more, we had only three weeks to close the deal, otherwise, the client would lose his deposit.
Through our excellent connections, we succeeded in arranging a mortgage with a competitive rate of 1.17%. The solution was a 70% LTV out of which 10% was amortised over a 5-year period, the rest being interest only.
We have a long-standing association with the Paris property market and, as a consequence, can structure French mortgages to suit your particular situation.
We deal with international and private banks on a regular basis and are kept abreast of the best deals and changing markets. Our specialist brokers can source preferential rates and terms which are not readily available to others.
France is one of the most popular property markets for foreign nationals: we are all aware of the chic appeal of Paris, the enduring allure of the Riviera in the summer or the freshness of the mountains in winter.
Covering everything from search and negotiation to making an offer and the legal processes, the guide will help you fulfil your dream of property ownership in France.