Two contracts with different consequences for the buyer and the seller.
A Preliminary Contract (Promesse De Vente) and a Sales Agreement (Compromis De Vente) are legal documents with very precise obligations [...]
The Usury Rate (aka “Taux d’Usure” in French) was implemented to protect borrowers against excessive mortgage rates [...]
French lenders don’t carry out credit checks on applicants but they base the approval process on your financial situation and indebtment rate. Pragmatism and transparency are key to assess risk in France.
You must pass strict [...]
Newly published Usury Rates (aka “Taux d’Usure” in French) are out of sync with increasing mortgage rates and closing costs.
This is not good news when purchasing a property in France with a 20 to 25 years mortgage duration.
Implemented to protect borrowers, the usury [...]
The French Senate ratifies the termination of your mortgage life insurance at any time and the deletion of the medical questionnaire.
The voted text includes three major changes.
The first consists of authorizing any insured person to terminate their mortgage [...]