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French Property
Purchase - An Overview
Buying property in
France is quite different to buying in the UK and is regulated
at each step of the transaction.
Establish
how much you can afford to pay and what your monthly payments
will be. Contact us for a
mortgage quotation
Contact an
estate agent to help you find a property. Visit
www.international-property-network.com.
Appoint your
Notaire, complete a preliminary sales contract and pay your
deposit.
In association
with International Mortgage Network, complete your mortgage and
life insurance application forms. You will need to supply
a copy of your passport, together with at least 3 months
payslips and bank statements (6 months would be preferable).
The Lender,
after assessing your application, will value the property.
They will then issue a mortgage offer to you and the life
insurance company will process your life insurance application.
Between 10 - 30
days later you should accept the mortgage offer and return it to
the Lender. When you sign the offer you are committed to the
purchase and the life insurance should commence from that date.
The Lender then
sends details of your mortgage offer to the Notaire, who will
then prepare a deed of sale for you to sign.
The funds will
be released at the Notaire's request. The Notaire's fees
are then due and payable. At this time you should arrange
for buildings & contents insurance to commence.
Sign all the
relevant documentation with your Notaire.
Congratulations,
You have now purchased your French property.
But first,
you need to
make an enquiry. |
