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Independent Financial Adviser est. 1988
French and Spanish Mortgage Brokers
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French bank funds mortgage equal to purchase price

Friday, 8 March, 2019

Morgage terms and conditions :-  


Purchase price                                 1040 000 

Repayment Mortgage                       1040 000

Fixed interest rate                                    2.00%     

Mortage payment pm                               5261  

French life assurance                                239 

APRC                                                       2.70% 



The Loan to value is equal to 100% of the purchase price

Subject to 35% of the mortgage amount to be held on a French savings account

The APRC ( annual percentage rate of charge) serves to illustrate the anticipated cost over the full term of the mortgage and includes the following :-

The interest paid over the mortgage term

The life assurance

The bank arrangement fee        1100

Charles hamer arrangement fee        10300 

The mortgage regisration fee              13000  ( new build ) 

The above is provided as a guide only. The availability of this mortgage scheme is conditional on being able to meet lending policy criteria which will vary according to the nature and location of the property as well as the financial status of the borrower. The duration of the mortgage will be dependent on the age of the borrower at the date of application and is based on a non- resident mortgage.

The choice of mortgage scheme interest rate and terms and conditions are subject to your individual circumstances and the amount of the mortgage. Please contact us to enable us to discuss your requirements and personal financial circumstances to confirm that you meet criteria for any of the above mortgage schemes.  The above details do not constitute a mortgage offer, all schemes and mortgage applications are subject to the bank’s full understanding and underwriting process

Before you make a mortgage application, we will carry out a full review to establish your needs and preferences and if you meet the criteria, we will give advice and make a recommendation to you. Depending on the scheme there may be a fee for our mortgage service. All mortgages are subject to status. Please note that all products show an indicative rate only and may not be suitable for you. You must be 18 or over.
For the purpose of calculating the estimated APRC we have included an estimated cost of life assurance based on the French bank’s block policy, assuming acceptance on standard terms. Note that Life assurance is not always a compulsory requirement. Please contact us for further details.