French mortgage rate
French mortgage rates for November 2022
A few things to know when purchasing a new build property in FranceA new build off plan property is known as a “Vente en l’Etat de Futur d’Achèvement “ or VEFA in French.
This transaction is regulated by law to protect the committed buyer [...]
French mortgage rates for October 2022
The newly published usury rates are following the non-resident mortgage rates trendThe Banque de France just announced an increase in the usury rates applicable on October 1st.
These usury rates are intended to protect individuals from abusive borrowing conditions for different types of financing [...]
“Promesse de Vente” (aka « Preliminary Contract ») or “Compromis de Vente” (aka « Sales Agreement »)
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 for both parties and very specific conditions.
A PROMESSE DE VENTE (Preliminary Contract)The [...]
French mortgage rates for June 2022
The lender is refusing to finance your project because your Global Effective Annual Rate is exceeding the Usury Rate !!! Let’s understand what this is all about …The Usury Rate (aka “Taux d’Usure” in French) was implemented to protect borrowers against excessive mortgage rates [...]
French mortgage rates for May 2022
Quick recap on the French lenders’ risk assessment processFrench 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 [...]