Blade Posted February 1, 2006 Share Posted February 1, 2006 proof of income and:or potential of gite and or rental? Link to comment Share on other sites More sharing options...
Val_2 Posted February 1, 2006 Share Posted February 1, 2006 usually proof of income so that your loan can be worked out leaving you enough to live on monthly. If you are self employed, a letter confirming your previous accounts figures from your accountant also and as for "potential" lettings on gîtes, I think they will just ignore that idea - they only deal with straight facts and real figures we have found. Link to comment Share on other sites More sharing options...
The Riff-Raff Element Posted February 1, 2006 Share Posted February 1, 2006 [quote user="Val_2"]usually proof of income so that your loan can beworked out leaving you enough to live on monthly. If you are selfemployed, a letter confirming your previous accounts figures from youraccountant also and as for "potential" lettings on gîtes, I think theywill just ignore that idea - they only deal with straight facts andreal figures we have found.[/quote]I would agree with Val that if you have not already a gite businesswith a good track record it would be very difficult to convince a bankto lend - there have been more than a few failures in recent years. Youmay have more success if you are in possession of a debt-free propertyin good condition to offer as security - banks become a lot less fussyat this point. Note that loans in France can be very expensive to setup: in the case of a loan against property secured by a hippoteque(sp?), notaire's fees will be in excess of 1000 euros which cannot beincluded in the value of the loan. Link to comment Share on other sites More sharing options...
zeb Posted February 1, 2006 Share Posted February 1, 2006 If you own your property, have a good track record with the bank, have some sort of regular income, little or no mortgage/loans/credit, and only want a few grand (maybe less than 10K), it's very straightforward. Just go to your bank and ask. But, you will need to provide your last Avis d'impots - it's last years taxable income that the bank asks for, not how much you hope to earn this summer! For us there were no fees (apart from interest on loan) and nothing else to show, maybe we look honest - hehe. Mind you, I've noticed that there is much more trust here in rural 16 in business than there was in the UK .We got a loan last year as a job we were doing wasn't paying out for 4 months. We could have had it over 4 years but this was unnecessary for our circumstances and it was repaid as soon as we got paid from the job. I think the interest rate was around 6%. If you go to one of those loan companies which advertise in mags I think they charge around 19.6% so ask your bank manager first. Link to comment Share on other sites More sharing options...
makeiteasy Posted February 4, 2006 Share Posted February 4, 2006 Dear Blade,Well, the first question is: What is the purpose of your loan? Because if it's a personnal loan , a mortgage or a commercial loan, documents may be different.I could send you by email what is the "usual" list of documents required.[G]Cheers! Link to comment Share on other sites More sharing options...
le bouffon Posted February 4, 2006 Share Posted February 4, 2006 Taking out a loan a a property were the tittle is to pass to the bank will involve two lots of notaire,s fee`s,one to transfere the deeds and the to transfere them back,if and when the loan is repaid.Try going direct to the bank and only and I mean only as the last resort go through an english brooker(you can not get an english loan on a french house/property,because an english bank cannot hold tittle on a french house/property)unlees you really want to pay very large fee,s. Link to comment Share on other sites More sharing options...
Russethouse Posted February 5, 2006 Share Posted February 5, 2006 All off topic posts have been removed from this thread Link to comment Share on other sites More sharing options...
Miki Posted February 5, 2006 Share Posted February 5, 2006 So we can now look through the Forum and see a huge amount of similar off topic deletions then ? Link to comment Share on other sites More sharing options...
Russethouse Posted February 5, 2006 Share Posted February 5, 2006 We have had several complaints about members personal gripes seeping into the threads and in this case I decided to remove the offending posts (which included one of my own). Another thread has been locked.Who is allowed to post is a matter for admin and the mods - if members have a complaint against another forum member they should contact the moderators, then the complaint can be dealt with if appropriate, without disrupting the flow of discussion for everyone else. Link to comment Share on other sites More sharing options...
Miki Posted February 5, 2006 Share Posted February 5, 2006 All very well but it did not answer the question about off topic postsbeing deleted, it only told people where to apply to complainabout posts. The original post said ALL off topic posts ................. Link to comment Share on other sites More sharing options...
Russethouse Posted February 5, 2006 Share Posted February 5, 2006 And my original post said 'from this thread' - it did not speak of the others. Neither LF admin or the mods, (and I hazard to guess the other members here,) will tolerate a situation where any member is having every post replied to by another individual, or for that matter individuals, asking the same off topic comment in every thread.If there is something further to say on the subject of loans please start another thread. This one is being locked. Link to comment Share on other sites More sharing options...
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