top 10 property management companies

top 10 property management companies
There are a number of reasons for a mortgage to finance your property in France apart from the obvious need for additional resources.

Firstly, it may be a good opportunity to invest even small amounts of capital if it is possible to leverage a large mortgage, by the return of the rental of real estate. Any increase in the value of the property could reap great opportunities to only a small investment of say 10 or 15% of the value of the property.

Secondly, you may have other priorities for your money as your own investment of businesses, shares or renovation work on property that you seen how a greater return on investment.

Thirdly, there may be a good opportunity to compare the inheritance tax liability on your property by reducing the net value - especially when the legacy is higher than in France back home.

Increasing your home (UK) mortgage:

This may be the easiest way to secure your mortgage, there is much less red tape and the initial fees. Money comes from the bank account in the currency in which you will thus be easier to forecast your budget .... BUT .... Interest rates in the UK are currently higher than those on the continent, the repayments could be reduced considerably by the mortgage in France.

Getting a mortgage in France:

The interest rates are probably lower than the current UK rates.

Your assets and liabilities are offset, so that when the mortgage can not be paid, you do not lose your home in the United Kingdom, only one in France.

Your property is the UK's justice, so they should be available when you use it to raise money in the future in the United Kingdom.

If your French home is rented, then in the mortgage repayments against rental income, so that your taxes are reduced.

Inheritance tax can be reduced by a mortgage on your property in France will reduce the net value.

BUT .... If you live and work in the UK, then you are at the mercy of exchange rate fluctuations, so that if the euro suddenly in the value you will appreciate, to provide greater reimbursements from the English account to cover the mortgage. For example, if the exchange rate moves from 1.6 to 1.4 euro for the pound (a recognition of the value of the euro), on a 200,000 euro mortgage with an interest only basis of 5% pa then annual repayments rise by £ 6250 £ 7143rd

The opposite can also happen, but you must expect when you are finished or not with such fluctuations. You can of course also with specialists in forward currency buy, where your euro up to two years in advance to protect yourself against currency fluctuations.

It must also have tax and legal advice to ensure that the mortgage documentation in accordance with British and French law.

What comes next?

If you decide that you want to create a mortgage in France, specialized agencies such as Leapfrog Properties can help you, by you in contact with a trusted mortgage brokers and banks, which seek to offer you the best quote can. This should be the "in principle", before coming to France, early to avoid delays if you continue with your real estate purchase.

Fixed and variable interest rates are dependent on your financial situation and, although interest and repayment mortgage over 10 or 15 years are the norm, there are interest only mortgages are available.

For the other articles about buying property in France, see www.leapfrog-properties.com/articles.

Nick Dowlatshahi is the managing director of Leapfrog Properties, a UK agency specializes in real estate. Leapfrog offer an online database of up to 200,000 properties for sale in France and a personal service from fluent French speaker to find, view and buy your property. Leapfrog Properties website is at http://www.leapfrog-properties.com.