UK Mortgages for Property in France

Summary: A ten step guide to quickly, easily and securely sorting out a competitive mortgage to buy property in France

If you’ve fallen in love with the French way of life and you dream of retiring or moving full time to live in France then we really don’t blame you – there is just something totally all consuming about France and the French landscape that attracts so many of us to want to live there!  On the other hand, if you love France but can’t currently live there full time are you still thinking about buying a home there to use for holidays?

Whatever your particular interest is in France and French property, this ten step simple guide to getting UK mortgages for property in France has been written with you in mind.  If you want to know how to get the quickest, easiest, most competitive and hassle free mortgage to buy property in France here’s how to do it…

1) Get your lending requirements outlined and discussed up front and before you even begin looking for property in France.  This is because when you’re armed with a complete understanding of what you can borrow and how the lending and buying processes work you are armed with everything you need to progress with the hunt for a home with confidence.

2) Speak to a UK bank with a lending presence in France to make the process that much more simple and hassle free for you.  You will be speaking to someone in English and someone who knows how your understanding of mortgages works based on the fact that you know the British system.  This individual can then explain the differences in the French system and guide you totally in terms you are familiar with.

3) Contact Barclays Bank to get a genuinely free, no hassle, no obligation idea of what you can and can’t borrow.  Because Barclays is a British bank you can have total confidence in the organization and in addition to this they have had a presence in France now for the past 80 years so they do happen to know just a thing or two about UK mortgages for property in France - and they can help you determine the amount of money you will have to play with before you begin your search.

4) Your initial chat with Barclays should leave you knowing roughly how much you can borrow and therefore afford to pay for a property in France, the absolute maximum amount of mortgage you can afford in France and what your monthly repayments are likely to be based on current interest rates and offers.

5) You can now go forth and start searching for your ultimate French home.

6) Once you’ve found the property you want to buy, speak again to Barclays to make sure all is in order and then depending on the advice they give you, you can appoint your solicitor to ensure all is okay with the property you want to buy and you can sign the compromis de vente which is effectively your preliminary contract.  You will also usually pay a deposit at this stage.

7) It is at this stage that you complete the mortgage application proper and submit all paperwork necessary to support your application.  The dedicated French mortgage lending team at Barclays will already be giving you all the assistance you require at this stage so don’t stress it – they will make it simple.

8) Barclays Bank will then ensure you meet all their lending criteria and that the property has been valued, your life assurance application has been underwritten and it is at this point that they will issue you with their official mortgage offer.  You must then wait a minimum of 10 days and a maximum of 30 days to ‘cool off’ before you accept the mortgage offer and return it to Barclays.  At this point you are committed to the purchase and your life assurance cover commences from that date onwards.

9) Barclays Bank then sends your mortgage offer and all paperwork to your solicitor who prepares the deed of sale for your signature.

10) You now own a home in France!

See – simple, straightforward and stress free as promised.  Click here to contact Barclays Bank, complete the short form you are redirected to and an English speaking specialist in mortgages in France for British buyers will call, email or write to you depending on how you prefer to be contacted.

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