| - Why use a mortgage broker to organise your | | | | throughout the process. We will supply all the |
| French Mortgage? | | | | documentation to you in English. Plus, we're based in |
| - Why not go directly to a French bank? | | | | France – just 10km from Cannes, Antibes and |
| - Surely the bank is a cheaper option since I will not | | | | Nice. |
| have the "commission" of the broker added to the | | | | 2. An experienced Independent French Mortgage |
| cost of the French Mortgage? | | | | Broker in France has a panel of lenders which he or |
| | | | she uses to place your French Mortgage loan |
| These are some of the questions we are asked on a | | | | application with. These lenders will almost certainly |
| regular basis. It may well be that you live in France | | | | have international departments specialising in dealing |
| and have a good long-term relationship with your | | | | with UK and other non-French residents purchasing a |
| high-street bank. If you talk to them about your | | | | property in France. This means that the underwriting |
| French Mortgage you might receive a loan offer for | | | | teams of these banks will understand non-French tax |
| your intended purchase which may satisfy your | | | | situations and other documentation that a French |
| needs but………. it will probably be a mortgage | | | | High Street bank might simply not know what to do |
| product just from that particular bank. | | | | with. |
| For the vast majority, and especially non-resident | | | | 3. Brokers such as French Mortgage Xpress do not |
| buyers, it is quicker and more effective to use the | | | | charge a brokerage fee. They receive their |
| services of a licensed, qualified and experienced | | | | compensation from the lending bank on completion of |
| Independent French Mortgage Broker. An | | | | the French Mortgage loan process. This fee is not |
| Independent French Mortgage Broker can look at | | | | added on to your application. The bank pays this |
| your specific circumstances and then evaluate their | | | | directly to the Broker. The interest rate you receive |
| panel of lenders and find you the best possible | | | | in your offer will not be higher than if you applied |
| French Mortgage product for your specific | | | | directly to the bank in question. In many cases, the |
| requirements. It is also advantageous to choose a | | | | rate will be lower owing to the volume of business |
| broker that is actually based in France. The Mortgage | | | | that the broker conducts with the lending bank. |
| Broker actually based in France has a massive | | | | 4. Owing to the privileged relationship between the |
| advantage of being able to sit in front of the lending | | | | Independent Broker and the lending bank, your loan |
| banks and deal with any possible delays in person and | | | | application is more likely to be treated within a faster |
| quickly. They naturally have a better personal | | | | time frame and with more consideration than if you |
| relationship with the French Bank lending teams. This | | | | were applying on your own or through a bank branch. |
| will all equate to the customer receiving a fast and | | | | The underwriting teams within the French Bank will |
| professional service. | | | | probably prioritise the applications from your |
| There are some important advantages for the | | | | Independent French Mortgage Broker. |
| customer when buying a Property in France and | | | | The above 4 points are crucial to making your whole |
| looking for a Mortgage in France as a non-resident or | | | | French Property purchase go as quickly, as smoothly |
| even if you've lived here for some time. | | | | and with the least amount of pain. Plus, you will be |
| 1. We speak your language and can explain the | | | | getting a French Mortgage product that is matched |
| process to you and communicate with you | | | | specifically to your needs and requirements. |