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France Overseas Mortgage
We have overseas mortgage lenders who will :- give 100% mortgages accept adverse credit history mortgages with no deposits.
Includes French residential property. Loans available for the majority of Nationalities for either House Purchase orre-financing for other purposes including Home Improvements. Type of Loan:Euro loans available on a Repayment basis up to 85% and Interest only up to 80%.Loans in other major currencies are available up to a maximum of 70%. Minimum:£20,000 loan and minimum purchase price € 53,000 with no maximum, subject to 80%of valuation (UP TO 100% LTV) for loans under €75,000. For loans over €75,000,mortgages up to 85% of the Purchase Price for Purchases only can also beconsidered. For loans in other currencies, the minimum purchase price is € 230,000 and arefor House Purchase & possibly Home Improvements only.
We have a flourishing 'self cert' scheme both in Sterling and Dollar. It's very popular and has the same interest rates as full status.
Proof of Income: It is a requirement in all cases that borrowers are able to provide proof ofincome. The definition of income may vary from one lender to the next, butgenerally comprises earned income, pension, rental income and investment income.Each lender may have a different approach in making allowance for a particulartype of income, when they establish the maximum loan available for a borrower. Non-status loans are not available at this stage. Term:For Euro loans from 7 to 25 years - up to borrower being age 80 For loans in other currencies from 5 to 15 years - up to borrower being age 70 Currency:Euros, Sterling, US Dollars, Swiss Francs and YenCurrent Interest rate in Euros:both Fixed and Variable rates of all structures. Low start variable rates orfixed rates of differing terms to suit all borrowers’ requirements andcircumstances. France Overseas Mortgage |
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