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