Rabbie Posted March 30, 2011 Share Posted March 30, 2011 Currently applying for a mortgage in France. Our french mortgage advisor has askd us if the property will be domestic or business. As we have not decided yet as to how much we will be involved in running a business we need to know what the consequences would be between the options. This would obviously affect our decision about business use. Any info/advice welcome Link to comment Share on other sites More sharing options...
Sunday Driver Posted March 30, 2011 Share Posted March 30, 2011 Wouldn't your French mortgage advisor be the best one to explain what the consequences would be between the options? [Www] Link to comment Share on other sites More sharing options...
sunny Posted March 31, 2011 Share Posted March 31, 2011 You might have a higher rate mortgage if it is a commercial loan. Also, you will probably need to show a proper business plan etc. Link to comment Share on other sites More sharing options...
Babbles Posted March 31, 2011 Share Posted March 31, 2011 With our domestic mortgage you can run a rent it out when your not there or Chambre D'hote but not another kind of business without having a commercial mortgage Link to comment Share on other sites More sharing options...
Rabbie Posted March 31, 2011 Author Share Posted March 31, 2011 Thanks everyone for your helpful replies[:)] It took a bit of time before I got a clear explanation from my mortgage advisor so I knew this forum would not let me down Link to comment Share on other sites More sharing options...
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