France REAL ESTATE MORTGAGE LOANS BANKS
Credit type
At the mortgage in France calculation of payments occurs both on àííóèòåòíîé and under the differentiated scheme, accessible as well for refinancing of the French real estate. Other schemes of financing, such as the mortgage on Leaseback objects are possible also. Lowell Finance promotes in mortgage reception, both in Paris, and on Azure coast of France, and other regions of the country.

The borrower
As the borrower can act both the private person, and the company, under the French jurisdiction, SCI.

The size of the mortgage in France
The minimum size of the credit in France makes ˆ46,000. The size of the mortgage is limited only by that its sum cannot exceed 80 % from estimated cost of the real estate (which it can appear below market). If the real estate at a stage off-plan the big sizes of the credit are possible is got.

Conditions
From 5 till 30 years, an age maximum of 75 years. (Taking into account life insurance possibility)

Expenses
Gathering of the French banks vary, but, as a rule, make 1-2 % from the sum of the hypothecary credit. The expenses connected with an estimation of the property will make nearby ˆ400, but is frequent this sum is switched on in bank gathering.

Requirements to the borrower
Lowell Finance will consult under requirements of the French banks to the borrower, for the purpose of the understanding, what factors are most important for bank.

It is necessary to mean that banks look at solvency of the borrower, and ability in long-term prospect to repay the hypothecary credit. An indispensable condition for the French banks is the parity of your monthly incomes to obligations no more than 33 % (for borrowers with high incomes to 40 %). Meaning that payments under consumer credits, the mortgage in Russia, to other monthly payments, and also payments under the real estate in France should not exceed 33 % from monthly incomes of the borrower, in other case to you will be refused mortgage reception.

The French banks demand income acknowledgement. It can be inquiries on wages, accumulation, the income of investments or the income of rent. However not all creditors take into consideration these documents. You also should confirm the personal data, bank bills and existing payments under credits.

The mortgage also can be received not only on real estate acquisition, but also and on its repair, or restoration or all together. For the similar mortgage the budget declaration from the licensed appraiser who can estimate cost of necessary works is required to banks.