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Helpful information on French Mortgages

    • Acte de Vente for a French Property
    • Bridging Loan with a New French Mortgage
    • Clause Suspensive
    • Compromis de Vente
    • Costs and Charges
    • Taxation in France
    • Equity Release on a French Property
    • Required Documents
    • The Role of a Notary
    • 12 Steps to owning a house in France
    • FAQs
    • Jargon Killer
    • French Mortgage – Improve your chances of success
    • The Best Foreign Exchange Rates
    • News
    • Superyacht Crew Mortgage

Bridging Loan with a New French Mortgage

If an existing property will not be sold before the purchase of a new property, French Mortgage Xpress is able to obtain a bridging loan for a new French Mortgage of up to 70% net value on the old property. This can be for up to 2 years on the proviso that – a new French Mortgage with a value at least equal to the bridging loan is taken out on the new French property. Unfortunately French Mortgage Xpress is unable to offer bridging loans with NO additional French Property Mortgage.

The list of documentation required is the same as for a standard loan with the addition of:

  • The compromis d’achat.
  • The title deeds (titre de propriété) of the selling house
  • Mandat de vente of the selling house

The bank will also require contact details for both houses in order to arrange for an evaluation to be done.

If the old house is sold within 6 months then the interest charge is reduced considerably on the bridging loan.

Notary’s fees will apply to both the old property, as land registry fees come into force with the new loan, and the new property.

As with all forms for French Mortgages, Mortgage protection insurance is mandatory and depending on the level of the loan medical tests may be required.

French Mortgage Xpress Tip: Current bridging loan rates are as low as 4.5 percent! Remember, a French bank cannot offer a bridging loan on a UK property you may be in the process of selling.


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