First you will need to show proof of Civil Status; a passport, marriage or divorce certificate and your proof of credit worthiness.
If you are presently employed you will need to show the last three months payslips and your bank statement. You will also need your last annual tax return certificate and a statement showing the balance of any existing mortgages or loans.
If you are self employed you will need your last three years tax returns, audited accounts certificates as well.
You will also most likely have to have a medical examination and you will definitely be required to open a French bank account.
You will also need to have all the details about the property you wish to purchase.
Most banks also require that you take out Life Insurance; this is to assure them that should you die the mortgage repayments are guaranteed by the Insurance.
by Carole Hughes, AboutFrenchProperty.com - Copyright © About French Property
We are interested in taking a french mortgage to purchase another house in france. We own a property (mortgage free)in Poitou Charente and would like to purchase in Brittany. We are living and working in the Channel Islands now and renting our other property out.
Would like some advice to taking a mortgage. We have a bank account with Credit Agricole.
Thank you,
Janet Davison
Comment by Janet Davison