CatC Posted June 2, 2018 Share Posted June 2, 2018 Salut folksA bit of a long shot but does anyone know of any banks/lenders/brokers willing to lend for Châteaux these days? We have a strong financial profile but apparently nobody is lending for châteaux anymore as they are seen as high risk. Frustratingly, most lenders have offered us much more than we need... as long as it's for any property except for a château.We would be hoping for 80% Loan to Value (or at a push 75% LTV). We are not naive and have researched this decision very thoroughly. The property we are interested in is actually in very good condition and is already livable, it simply needs cosmetic updating and a more economic heating system installed. We will of course have funds set aside for unforeseen circumstances.Please no negative lectures about châteaux being money pits or the pitfalls of moving to France, we are already aware of these factors. We are simply hoping for some friendly mortgage advice.Any advice or leads would be gratefully received : ) Link to comment Share on other sites More sharing options...
woolybanana Posted June 2, 2018 Share Posted June 2, 2018 This may sound silly, but is it really a chateau? In other words, could it be called, say, a manoir and thus be eligible for a loan? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.