Why Flat Hunter and France Home Finance
are working in partnership

French Mortgages are easy to obtain for non resident buyers :

France Home Finance has been Flat Hunter®'s preferred French mortgage partner for many years. Did you know that French bankers go home at 5 pm every day, take 1 to 2 hour lunches and have 9 weeks of vacation plus 10 public holidays each year? No wonder they are renowned for lack of customer service!

We have chosen France Home Finance to care for you, our valued clients because they are there for you when you need them, often arranging calls or meetings after working hours especially for Flat Hunter® clients. France Home Finance is an independent mortgage and insurance broker working with more than 20 French banks so you can be sure you are getting the best options and interest rates on the market in one efficient stop.

Based on years of experience, we work in perfect harmony with France Home Finance to ensure your purchase happens smoothly and efficiently. They will guide you every step of the way through opening your French bank account, the obligatory health insurance application, home contents insurance and coordination of communication between your bank, your Flat Hunter® team and your notaire. French banks are not set up to communicate in English; France Home Finance will provide an explanation of all the documents provided to you in French for as long as you have your mortgage.

Contact France Home Finance today to learn more about French mortgages and to find out whether a French mortgage might be right for you. They will provide you with a free pre-approval to borrow analysis with absolutely no obligation. You may be closer to your very own pied-à-terre in Paris than you think!

Many of our clients ask, why take a French mortgage instead of a mortgage from home or cash purchase?

Here are five compelling reasons why a French mortgage could be right for you :

Save money on currency exchange

The euro/dollar or euro/pound exchange rate is not as favourable now as it was some time ago. Particularly if you buy in cash with dollars, you will automatically pay a large premium due to the exchange rate. By taking a mortgage in euros, you postpone the need to move the full value of your purchase into euros. If you are renting your property in euros, the rent can often pay your euro mortgage. Then, when the exchange rate improves, you can pay off your mortgage early if you choose.

Save money by reducing your taxable rental income

Any rental income earned from your French property will have to be declared annually to the French tax authorities. You can reduce the amount of rental revenue declared by the interest paid on your French mortgage. This does not apply to mortgages taken in your home country for your French property.

Save money with the low French interest rates

If you’re considering a U.K., U.S. or Australian home equity loan to finance a French property purchase, keep in mind that French interest rates are often lower. Your overall return on investment will likely be higher by opting for a French mortgage and retaining the rest of your capital in local investments.

Increase your budget to buy with a French mortgage

If you plan to buy in cash but are not happy with the size, location or style of property to which your budget corresponds, don't make a compromise that you might regret. A French mortgage will help you increase your purchasing power and budget to make an offer on the property that’s really right for you.

Reduce or eliminate your French “wealth tax” burden

You are legally obliged to declare the market value of your French assets to the government each year. This is why legendary French “chanteur” Johnny Halliday moved to Belgium. If you’re not a French resident, you are subject to a sliding scale of 0.5 to 2% wealth tax on the net value of your assets in France including property, cash, investments and valuables. You have an automatic credit for the first 750,000€ in asset value (net of debt outstanding). If you find yourself with more than this amount in assets, you can reduce the market value of any property you own by the capital outstanding on your French mortgage.

CLICK HERE for your free pre-approval to borrow analysis tailored for FlatHunter clients.

 

France Home Finance

9 rue Jacques Coeur
75004 Paris
Tel : +331 44 88 59 44
www.francehomefinance.com

Special advantages offered by France Home Finance to FlatHunter clients

• Flat Hunter® has arranged for France Home Finance to provide a free financial analysis for you before you start looking to determine your maximum borrowing capacity in France and to review the borrowing process and costs involved up front - because the first step in any efficient property search is setting your budget.
• • France Home Finance is available for extended hours and even weekend calls for Flat Hunter® clients when necessary to be sure that your project moves forward as efficiently as possible.
• • France Home Finance has dedicated a mortgage broker team specifically for Flat Hunter® clients to assist you throughout the mortgage process. Our clients are often in Paris briefly to search for their property then need to return home before they begin their mortgage application. France Home Finance will arrange the opening of your French bank account and French life insurance policy (both required for a French mortgage) even if you are no longer in France. Through the special partnerships they have negotiated, there is no need for you to return to France and meet the bank or insurer in person. You can even complete the act of purchase from your home country if you prefer. We do everything to ensure a smooth process for you!