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Homes > France
French property
as security
If you require
finance to purchase
a property in France,
then Justcredit.biz
can help, we are
giving you the opportunity
to take expert advice
from a team of licensed
credit brokers,
who have over 20
years experience.
By using the French
property as security
a repayment mortgage
could be raised
depending on your
circumstances.
Based upon the
valuation or purchase
price of your property
(whichever is lower)
you could borrow
up to; 85% of the
properties value
(in Euros only)
for a repayment
mortgage, 80% (in
Euros only) for
an interest only
mortgage or 70%
in any other major
currency.
The minimum loan
amount (for transactions
using Euros) is
€75,000, in
all other currencies
it is €230,000.
The term of the
loan is from 7 to
25 years, this can
be available for
individuals up to
the age of 80. Current
interest rates as
at 5 th July 2003
are from 2.75% Variable
for Euro loans and
2% above LIBOR for
all other currencies
. Fixed rate loans
are also available.
The following is
an example of a
repayment mortgage
in Euros; to this
you must add the
cost of a mortgage
protection plan.
Repayment
mortgage of
approx €
72,500 over
a period of
20 years at
a initial
discounted
interest rate
of 2.75% variable
for the first
year and then
1.70% above
EURIBOR thereafter
= approx €
397.30 capital
& interest
per month
for the first
year and then
approx €
433.55 thereafter
= a total
approximate
amount payable
over the term
of €
106,517.00
including
capital, interest,
arrangement
and survey
fees. |
The
income criteria
is variable
Bank
Reference
and Employers
or Accountants
reference
if self-employed
Existing
borrowing
in the UK
and Overseas
will be taken
into account
ALL ENQUIRIES
WILL BE DEALT
WITH ON A
CASE BY CASE
BASIS &
ARE SUBJECT
TO SATISFACTORY
CREDIT STATUS
& VALUATION
Please
note, that
as the loan
is secured
on the overseas
property,
it is not
covered by
the UK
Consumer Credit
Act or the
UK
Mortgage Code.
|
Written quotations
are available on
request
|
