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!
NEW! France Home Finance is now offering Administrative Services to defend your investment interests in France including: research, phone calls and written correspondence (French or English as is required) on your behalf for taxes, rental income, common areas of property, utilities, property management, insurance claims, etc - anything that can be done at France Home Finance office (via phone, email, etc.) These services are charged on an hourly basis – always with an up-front estimate.
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.
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.
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.
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.
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.
19 rue de l’Echiquier
75010 Paris
Tel : +331 44 88 59 44
www.francehomefinance.com
