----Once
you have found your ideal French property, there only remains
the question of paying for it.
If you require finance on the property, there are 2 options
available
:
----A
French Mortgage
----A
UK Mortgage
If
you are taking a mortgage on the property in France, this
will have to be througt a French Lender. Lending criteria
in France are different from the UK and the range of products
is more limited. We are most happy to advise you and provide
you with suitable recommendations.
If
you have equity available on a UK property, it is possible
to take out a new mortgage or increase an existing mortgage.
This is then considered as a cash purchase in France. At
the time of writing, this option has become increasingly
popular as it enables the purchaser to secure the exchange
rate (pound versus euro) and avoid the higher set-up costs,
involved with a French mortgage.
At
MGM we will advise you and ensure you make the right decision,
according to your circumstances.