makeiteasy

Hi again, seems to have a problem with your email, can you contact me directly? Regards,

I have sent you an email. Regards,

It's up to you...but everybody is free to look at any other possibilities.[:P]

Anywhere Tressy ...just google "mortgage broker France"[;-)]

Dear Miss Babs, i would recommend you to shop arround as for sure you will find better deals.If you are too lazy, ask a mortgage broker.You would benefit his network of banks and negociated conditions of rates, bank fees, penalties, etc...on top. It's worth trying[;-)] Post edited by the moderators. Please do not advertise or post your personal details, products or services on the message boards. Any advertising without permission will be removed without further notice. Thank you. Forum moderators

No, it's not.[:(]

No, your notaire may have changed it with your agreement for a french one when you have purchased in France(usually they do a "communaute universelle"), so you may have it and if not you can do it with your notaire.[I]

Hi, further the article of the Connexion about the "pret viager hypothecaire", i had lots of queries about it. Now, i have just got answers from Credit Foncier , so if you intend to apply for it please check if you meet all these requirements: - you are french tax resident(ie you pay your income tax in France) - you have a french mariage settlement(prenuptial agreement) - if you are married, none of you is under 65 - you (and your partner) own 100% of your property - you have to meet your local Credit Foncier adviser Hope it will help.[;-)]      

Dear Matthew, i don't know why you choose this bank to another, but i think bank matters need to be understood by both parties.Why don't you check on different website for expat if another bank or another branch could better fit your needs?Otherwise you will spend(waste?) a lot of money in translation...[;-)]  

You could use Mr Laurent PICQ in Bergerac (+ 33 553 22 92 24) or Mr VIRECHAUVEIX (+33 555 92 41 01) who covers all Dordogne.  

Hi there, i look for a B&B in Cannes from the 10th until the 14th march 2008.Could you pm me if yours is free please, it's urgent! Thanks a lot[;-)]         

Hi caroline,   i recommand you 2 companies: Currencies direct that you could reach at [email protected] or Moneycorp (contact Wendy Bundock) at http://www.moneycorp.com/call_requestCustom.cfm?referringAgentID=10082993 . They are both very efficient and helpful. Kind regards.

I don't want to scare anyone, but i see more and more people who have a mortgage in France with variable rate non caped and are really frightened with the higher repayment they have compared to what it was when they set up their mortgage.[+o(] I just want to inform you that usually you can stop this and change it to a fixed rate(the one offered by your bank today) or look somewhere else to refinance your existing mortgage into a permanent fixed rate(be careful for the one fixed for 1, 3 or 5 years because the problem will keep on to be the same after these periods). It's better to think about it now than when it will be too late...[:'(]

Dear Oldfossil,   if you have purchase your house within the last year you could "refinance"it, which means that you could get a mortgage to purchase it after the completion.If it's older, than you can apply for or a renovation loan if you just need to do works or an equity release which allow you to raise a certain amount and finance what you want with it(ie works, holiday, car,...).Hope it helps[;-)]

Hi Hollie,   you could check with a mortgage broker as well which is the easiest way to get the best offer with less hassles![;-)] Good luck

Hi David,   the best thing you should do is to refinance your existing loan with a lender who could offer you a fixed rate, otherwise you will going on to support the increase of the rate all years long.[:'(]

Tracyk, nothing to do with the fact that you are "foreign".French and all nationalities who have bought their main residence before 6th may 2007 and are tax resident in France are not eligible as well...[:$]

Yes Tracyk, if you took out your mortgage before 6th may you are not eligible due to the "conseil constitutionnel" decision.[:'(]

As promised, here is the latest update: the "Conseil Constitutionnel" has refused to take into account mortgage for main residence before the 6th may(date of Mr Sarkozy's election)for tax resident in France.Christine Lagarde, Secretary of Economy, has declared today that only for the first year the amount of interest to deduct will be 40% of the mortgage interest instead of 20% but still capped at 3750 € for a single and 7500 € for a couple(+500€ per child)).Then for the next 4 years it will be 20%.[I]  

Sarkozy's law for main residence owner has been voted on 12th july and would take effect from this date . It should allow to tax residents in France to deduct 20% of their mortgage interest for their main residence ONLY on a maximum of 5 years with a cap at 7500 euros interest for a couple(+500 euros per child) or 3750 euros interest for a single per annum.The amount saved(ie maximum 20% of 7500 € = 1500 euros for a couple)  will be deducted from the tax amount to pay or will be refund by cheque for the non taxable people. This law should be available for mortgages which have started from the 12th july 2002.Confirmation of amounts and date would follow within the next weeks as they are still not clearly specified by the government.I will keep you up to date.[;-)]  

Dear Carole,   yes indeed, equity release scheme with repayment exists in France.You could raise up to 70% of the value of your property subject to fitting to the french lending criteria(ie your expenditures including the new installment are not more than a third of your income). Recently Credit Foncier has set up an equity release without any repayment, but at the present time it is just available for french native people[:(]The reason they gave is that is it purely because of death rate...!!![8-)] Hope it will help.  

Hello, a bridging loan seems to be the ideal loan and are not as expensive as in the UK.Raising equity in France is not necessary the best way to purchase a second home as interest rate are higher than mortgages and variable only.  Hope it helps[;-)]

Hi Woody, of course !!!....because instead of paying 4 years interest you will pay maximum 6 months interest(depending wether or not you have negociate it with your bank when your mortgage was set up).If you want to be absolutely sure, take the board called "tableau d'amortissement" that you have received with your mortgage offer and add the amount of interest for the next 4 years and you will see how much you save.Hope it will help[;-)]

Yes indeed.But the cost of the mortgage is based on the amount borrowed, the more you borrow the more you pay...[:$]

Dear Bastet, this form is sent automaticaly by banks.If your friend is tax resident in France, she has to declare it in the tax form at the section EE.If she's tax resident in uk, she has to declare the interest paid in France.