Jump to content
Complete France Forum

Equity release or Pret viager Hypothecaire


makeiteasy

Recommended Posts

Hi,

further the article of the Connexion about the "pret viager hypothecaire", i had lots of queries about it.

Now, i have just got answers from Credit Foncier , so if you intend to apply for it please check if you meet all these requirements:

- you are french tax resident(ie you pay your income tax in France)

- you have a french mariage settlement(prenuptial agreement)

- if you are married, none of you is under 65

- you (and your partner) own 100% of your property

- you have to meet your local Credit Foncier adviser

Hope it will help.[;-)]

 

 

 

Link to comment
Share on other sites

Hello

On the other end of this I've seen investment adverts to buy a house which is 'en viager' whereby you pay a low valuation, in this case I saw one for100k for 3 appartments in a nice part of Bordeaux and then you pay the current owner a monthly amount, again in this case about 1500 euros a month until they die at which time the property becomes yours.   The one I saw was unoccupied so you rent the appartments out and keep the rent,  It looked interesting but I couldn't help thinkinig how awful it would be to be hoping someone kicked the bucket sooner rather than later...  Others I've seen are occupied so the amount you pay them each month is much reduced as you have no means of getting any income until the person dies.. bit morbid I thought.

Panda

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...