prospect Posted October 5, 2009 Share Posted October 5, 2009 Hi trying to find out how easy it is to buy a property in france I would be looking at around 75,000 euros and have 20,000 to put down as a deposit.Could i do this from the uk.thanks for any feedback. Link to comment Share on other sites More sharing options...
AnOther Posted October 5, 2009 Share Posted October 5, 2009 Lots of useful info on mortgages HEREOne of the most important things governing the size of mortgage you canget is that the repayments cannot be more than 1/3 of your gross monthlyincome. Link to comment Share on other sites More sharing options...
tuppence Posted October 6, 2009 Share Posted October 6, 2009 Hi,I did this 2 years ago. It was the easiest financial transaction I have ever done[:D]. Did it through a reputable broker who kept me informed by phone or e-mail each week so I was never kept out of the loop. And I was 60 years old when I took the mortgage. No problems at all, if you need more details I can send you the names of the company I dealt with via a private message. But it really was easy.tuppence Link to comment Share on other sites More sharing options...
Sprogster Posted October 10, 2009 Share Posted October 10, 2009 anOther, the 1/3 limit of your monthly income applies to all debts that you have, not just your mortgage repayments. Link to comment Share on other sites More sharing options...
AnOther Posted October 11, 2009 Share Posted October 11, 2009 OK, disposable income then !I assumed zero debt as I would have thought paying down debt would rank over and above laying out a 20k deposit and raising a 55k odd mortgage on a second property - I may of course be mistaken [;-)] Link to comment Share on other sites More sharing options...
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