Buying in France...
Discussion
LMGTFY: http://www.notaires.fr/fr/les-frais-dacquisition
Where in France? It's a bloody big country!
€300k in the north buys a lot more than in the Rhone Alps resorts, for example.
Where in France? It's a bloody big country!
€300k in the north buys a lot more than in the Rhone Alps resorts, for example.
When I bought my house in France in 2006, I found a book called "Buying property in France" by Penny Zoldan very useful. Published by Collins, ISBN number 13 978 000 720777
There's one on Ebay for £2.80
http://www.ebay.co.uk/itm/Collins-Need-to-Know-Buy...
There's one on Ebay for £2.80
http://www.ebay.co.uk/itm/Collins-Need-to-Know-Buy...
If you are buying in France you will need a Euro account anyway for local payments/cash etc so go and open one with a local bank - it may take some time and paperwork to do!
Once you have a Euro account then sending over Euros is quite straight forward if you use a dealer. I use https://worldwidecurrencies.com/ and would recommend them - speak to Richard Bass. Good rates and efficient service. They just transfer the Euros straight in and same day. You could probably pay direct to your solicitor once you had purchased.
I would not even consider using any of the UK clearing banks as will not only be very expensive but very time consuming.
Once you have a Euro account then sending over Euros is quite straight forward if you use a dealer. I use https://worldwidecurrencies.com/ and would recommend them - speak to Richard Bass. Good rates and efficient service. They just transfer the Euros straight in and same day. You could probably pay direct to your solicitor once you had purchased.
I would not even consider using any of the UK clearing banks as will not only be very expensive but very time consuming.
Hi LDN
I'm not sure if you know this http://www.green-acres.com/
Great place to find things and bench mark areas..
In terms of Cash... Setting up a Britline account with Credit Agricole is relatively straightforward... of course there are multiple forms and one has a telephone interview... but once its all in place its very easy to deal with. https://www.britline.com/
Always try the local Notaire's office for property too... they have a helicopter view of what's going on in the market.
You could also try Angloinfo [Area in France] Plenty of expats willing to advise etc..
best of luck
A
I'm not sure if you know this http://www.green-acres.com/
Great place to find things and bench mark areas..
In terms of Cash... Setting up a Britline account with Credit Agricole is relatively straightforward... of course there are multiple forms and one has a telephone interview... but once its all in place its very easy to deal with. https://www.britline.com/
Always try the local Notaire's office for property too... they have a helicopter view of what's going on in the market.
You could also try Angloinfo [Area in France] Plenty of expats willing to advise etc..
best of luck
A
Those of you who have bought, what sort of deposit is required (%) to get the ~2% fixed 20ish year rates which are headlining at the moment?
And if you have a Euro mortgage, I'm seeing nasty little additional fees (specific life assurance among them) which appear to be on top, is this necessary when you already have cover? And what else needs to be budgeted for? I'm twlking real world here, not just what Green Acres et al tell you about, whoch doesn't seem to be everything!
And if you have a Euro mortgage, I'm seeing nasty little additional fees (specific life assurance among them) which appear to be on top, is this necessary when you already have cover? And what else needs to be budgeted for? I'm twlking real world here, not just what Green Acres et al tell you about, whoch doesn't seem to be everything!
Are you living and working in France? To get a mortgage you would have to have a comprehensive "dossier" and proof of regular income in France to stand a chance, don't about the insurance aspects though but I would imagine the lender would demand that you had authorised insurance in France. I'm only going by the hoops that my daughter and son-in-law had to jump through to get a mortgage last year and he had worked in France since 2004and he couldn't get anywhere near those headline rates.
I read this article in the Mail, have property prices in France really gone down this much? Halved since 2007?
http://www.dailymail.co.uk/news/article-2933616/As...
http://www.dailymail.co.uk/news/article-2933616/As...
Yeah the market is on its knees. We are trying to sell 2 apartments on the Cote d'Azur. Worth less now than 10 years ago when we brought them.
Personally I would not recommend buying in France (having lived there for 16 odd years) - the taxes and hassle are just ridiculous. As a foreigner they will come after you with all sorts of taxes and demands and unless you speak the language you will struggle to get any justice.
Personally I would not recommend buying in France (having lived there for 16 odd years) - the taxes and hassle are just ridiculous. As a foreigner they will come after you with all sorts of taxes and demands and unless you speak the language you will struggle to get any justice.
Perik Omo said:
Are you living and working in France? To get a mortgage you would have to have a comprehensive "dossier" and proof of regular income in France to stand a chance, don't about the insurance aspects though but I would imagine the lender would demand that you had authorised insurance in France. I'm only going by the hoops that my daughter and son-in-law had to jump through to get a mortgage last year and he had worked in France since 2004and he couldn't get anywhere near those headline rates.
Interesting, thanks, there are specific investment/ second-home-y/ leaseback products, which will be different to residential ones (if thats what the have). I can cope with a hefty deposit if needed, I just can't get clarity from anyone on what that would be. It seems there is an insistence on a tied life policy, which funnnily enough the lender offers, which has been canned here, so is a shame it persists elsewhere. loughran said:
driller works, and employs people, not quite the same as winter or summer sun & fun seeking 
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