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6. French Mortgage Lending Terms
- 6.1. Mortgage Application
6.2. Loan to Value
6.3. Income
6.4. Interest Rates
6.5. Fees
6.6. Mortgage Protection
6.2. French Mortgage Loan to Value Ratios
If you are seeking a loan for a second home from a French lender then you are unlikely to find one willing to lend above 80% of the purchase price/value of the property.
The rules are a bit more flexible in the case of the purchase of a main residence, or for home improvements and investment projects, or where annual income is strong and stable, providing in each case you are resident.
Similarly, in the case of a young couple, or in the event of divorce or death, the lenders will look at your circumstances and take a view.
If you bring a deposit (l’apport personnel) to the table, the deposit can include certain other loans, notably a prêt a taux zero and those from l’épargne-logement, thereby increasing the overall loan to value ratio.
Next: Income
Back: Mortgage Application
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