Price and purchase costs

The price

All of MGM’s properties are sold fully finished. This means that they come complete with fully fitted kitchens* including appliances, fitted bathrooms, floor and wall tiles and paint or other specified finish to all other surfaces (according to the technical specifications of the building).
The price you are quoted is not subject to any additional costs (unless you wanted to make changes to the plans or specifications).
Properties sold under the Leaseback Scheme are sold fully fitted, equipped, but also furnished and decorated.
 

The French notary fees & stamp duty

These will be approximately 2.5 % of the purchase price for new property, as opposed to 6/7 % for resales.
 

UK Based Solicitors/Notaires

Some clients choose to use a UK based solicitor in addition to the French Notaire to help guide them through the purchase process. Their role is purely to advise and inform as it is only the notaire that can undertake the conveyancing. Fees vary depending on the solicitor and the nature of his involvement. Expect to pay from £1,000 to £2,500 for a purchase price in the region of £250,000.
 

Mortgage fees

If a mortgage is raised on the property in France it would have to be through a French bank, in which case there is a tax of approximately 2% of the mortgage amount. Funds raised on UK properties via mortgages from UK banks will be treated as straight cash payments.