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Guidelines
for purchasing a
property in France
• We
strongly advise
that you should
take out appropriate
independent legal
advice before signing
the 'promesse de
vente' to ensure
that you avoid problems
with agents immobiliers
or Notaires. The
bank that is financing
you will need a
copy of this document
along with the application
form before they
can accept your
request for a loan,
however it is important
that you sign this
document 'subject
to mortgage finance'
as once this is
signed it is legally
binding whether
you have received
approval from the
bank or not.
• Where
possible; it is
advisable to arrange
mortgage finance
before you agree
to buy a property.
• You
will need to have
a French bank account,
to do this you will
need relevant relve
d'identite bancaire.
• Be
aware that the Notaire
may incorporate
their cost with
the mortgage, therefore
you should establish
the Notaire's cost
before applying
for your mortgage.
• You
must take out a
suitable life assurance
policy that is assigned
to your mortgage,
some lenders may
offer this free
of charge.
• Not
all lenders in France
, survey/value your
property, so you
may wish to have
this done independently.
• Properties
can be purchased
by an individual,
in joint names or
in the name of a
civil real estate
company (S.C.I.).
Independent legal
advice should be
sought before purchasing
under the name of
a S.C.I.
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