Aussie

Lollie, The point of your post being? That somehow by assessing incomes on an efter tax basis rather than pretax gives them a more responsible tag? That I am being irresponsible going for a loan that I cannot afford? If you had done some homework (as I have) you would discover that Barclays UK web site have a Mortgage calculator http://www.barclaysmicrosites.co.uk/mortgage_calculator/  that uses  "The maximum you could borrow, based on 4 times your salary minus your monthly expenditure, is" as a reference- no mention of after tax income. So is Barclays UK irresponsible because they do not assess you on net(after tax) income? The answer is clearly no. Is it because the French Government have legislation that prevents using 30% of gross income as an affordibility base..... Well no because many of the other French banks use Gross Income . Are all these other banks being "irresponsible"? Big call Lollie. If they are then the french real estate market is about to collapse beacause of all these irresponsible banks lending irresponsibly.   If you want to see irresponsible lending, take a look at the US where they are now lending "interest only"  with no deposit required. Virtually a lease on the property. Oh yeah did I mention that often they do not require proof of income. THATS irresponsible lending Lollie- none of the French banks are irresponsible- just some are more responsible than others.  

I have read on this forum that Most French banks will lend on 33% of your gross (pre-tax) income. So I was feeling confident that using barclays that they would apply their assessment on my Gross income as well. To my amazement they applied it to my Nett income and declined my application! Can anyone confirm that Barclays use the Net income or gross income figure? I assume at the moment that they have made a mistake, but would like to know where I stand before I go into bat! Any feedback greatly appreciated

Thanks Peter, That clears it up! Cheers

[quote]Hello,For information the household income thresholds under which one is entitled to apply for a free complementary health policy are below. The income is net after deduction of allowances ie; the "re...[/quote] Peter, would you mind expanding on the thresholds? We are a family of 6 When is the 6849 euro per foyer fiscal threshold used versus the other threshold (up to 4 persons -14518 euro)   Many Thanks   Peter

Hello, My situation is that I have a passive income from overseas sources(Australia) and plan to live in our French Property(residence secondaire) for 1-2 years.I will be paying foncier and habitation taxes and of course will have to pay tax income tax which will be covered by the double taxation agreement between Australia and France. My question is will I be worst off living in France because I have to pay cotisations ? I will not be reliant on the French Health system or Social Security system so will I be levied on this passive income? There are no equivalent taxes in Australia and so as far as I can tell, I will be 20%(approx) of my income worst off living in France. Can anyone confirm that this will be the case? Any information would be greatly appreciated