Need to borrow an amount too small to get a French mortgage!!

[rachelb]

I understand that the minimum you can borrow for a French mortgage is 50,000. We need less than this. What are our other options to get a mortgage for our desired French second home?

[NormanH]

Please quote the sources of this idea

[Chancer]

Probably an English speaking intermediary who doesnt get out of bed for less than €50K [6]

The vast majority of houses around me probably have mortgages of less than €50K

[NormanH]

I had one of 17,000 and have had another small amount since.

[Babbles]

I have vague recollections that at BNP paribas it was either 15 or 25K minimum Haven't got time at the moment to trawl their website to check

[zarathustra]

BNP were prepared to lend us less than 50,000 euros. In the end they gave us a 5 year loan at a fixed rate of 2.9%, rather than a mortgage - just by a luck a promotion being run only by this one particular branch, until the end of the month, and without the fees associated with a mortgage. Whilst BNP gave us the best deal on a loan of 25,000 euros, LCL weren't too far off with their mortgage offer. HSBC weren't good at all, and told us they couldn't compete with the offers the other banks were giving us.

Best to shop around and ask. Not all the banks will offer mortgages for smaller amounts, but plenty will.