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www french property net com
French mortgage
For many the hope that the purchase of real estate for sale in France, the prospect of a mortgage can be an intimidating one. But knowing exactly how the system works, there may be a potential buyer get a loan with relatively little stress involved.

As in the UK, mortgages are available at all major French banks, and these institutions are regulated to ensure that they comply with certain rules and regulations.

But as with any other country there are large differences in the way a mortgage is obtained, and the investors are, it is recommended that the speed up on this before buying property in France.

Two types of mortgages available to home buyers purchasing real estate - either repayment or interest only.

Mortgage products themselves are different, with some banks with variable or floating rate with a fixed repayment term variable. Others offer mortgages with monthly payment periodically change and for a fixed term.

Real estate experts say that the best time to apply for a mortgage in France is when the preliminary or Compromis de Vente, will soon be signed. It is good to know that by law, this contract may be a GET-out clause to ensure the buyer can move in the event of litigation or of the mind.

Deposits
Who to get a mortgage when buying property in France must pay a deposit to the bank.

This cash sum is a way of letting the bank know that their customers a trusted source for income and will usually be expected to be paid, regardless of where a mortgage is.

The amount of money, the surrender of the deposit depends on a variety of factors on the basis of the situation of individuals.

Those who live as residents in France and already pay income tax can be offered 100 percent of the mortgage - in this case a deposit is not deemed necessary.

But many people who are thinking of investing in real estate decision in the United Kingdom and the use as a holiday home or rent it to others.

In this case, the deposit probably somewhere around 15 percent of the final sales price.

Anyone who is buying a property, but is not a European resident may be asked to pay a higher deposit of around 20 percent.

The price for your new home is of course the cost of the deposit, but if you are able to obtain capital on past the house or have saved regularly, then fronting This fee should not be a problem.

Howard Bauer
Property Guides to France