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Monaco

French Property Refinance for Monaco Resident

18th April 2022
ASSOCIATE DIRECTOR

Monica Bisci

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France Properties Refinancing for Monaco Resident - Enness Global
Monica Bisci
ASSOCIATE DIRECTOR

Monica Bisci

Key Facts: 

  • Client: UK national, Monaco resident
  • Property type: 2 properties in France
  • Property Value: €15,500,000 (€10,500,000 and €5,000,000)
  • Loan Amount: €12,000,000
  • LTV: 77%
  • Rate: Swap 10 years + 1.3% fixed

Here at Enness, we cover all parts of the French mortgage market and have years of experience helping non-residents access the best rates. In this case, our client was looking to refinance two French properties valued at €10.5 million and €5 million. 

When it comes to getting a mortgage in France, it's vital that you don't make the (common) mistake of assuming France has a like-for-like scenario with your home country or place of residence. Interest rates in France can be incredibly low, thanks to the prevailing EURIBOR rates. As a result, lending terms can be very attractive. 

Enness will build a mortgage vehicle for you from scratch so that you benefit from property financing that meets all your needs and is structured in a way that's cost-efficient considering your circumstances. If you are seeking out lenders alone, however, the process for negotiating and securing a French mortgage can be bureaucratic and will require significant amounts of your time. Enness has considerable experience to counter these problems and will be able to save you time, speed up the process and secure the best rates for you. 

Enness will advise you on all aspects of your finance deal and will build a financing package that considers everything from taxation to foreign exchange risk, optimised legal structuring and insurance. Enness' experience and contacts are spread right across the field of finance. Therefore, you can expect your broker to bring you the best deal structure with the lowest financing costs.

As this case illustrates, your broker will also be able to source preferential rates and terms that are not readily available to others. In this instance, we secured a 77% LTV (loan-to-value) mortgage with an attractive interest rate of 1.3% fixed. 

Contact Enness to have a no-obligation chat about your plans for purchasing property in France and explore how Enness can help you structure and streamline French property finance