7 easy steps to buying property in France
1. CONTACT LV COURTAGE
Contact us to discuss your project with a dedicated mortgage adviser. Together we will develop a financial plan tailored to meet your individual needs.
2. FIND YOUR PROPERTY
Be sure that you have made the right choice. If necessary do not hesitate to call upon professionals (architects, electricians, plumbers etc.) for advice.
3. SIGN A PRELIMINARY SALES AGREEMENT
Once you have signed a preliminary sales agreement, no one else will be able to buy the property you have chosen. Don’t forget that you have 7 days in which you can change your mind and exercise your right of withdrawal. Remember to check that the agreement is subject to mortgage acceptance. Doing this means that you will not lose your deposit if your mortgage application is declined.
4. APPOINT A NOTARY
This vital step is one that we will be happy to help you with by providing details of English bilingual notaires in France.
5. COMPLETE THE MORTGAGE APPLICATION AND LIFE INSURANCE FORMS
Return them to your dedicated adviser. After approval of your application we will issue you a mortgage offer and simultaneously send a copy to the notary. You must wait at least 10 days, but no more than 30 before accepting the mortgage offer and this gives you time to read it through carefully. After 10 days if you are happy with the mortgage offer you can sign the acceptance form and return it to us.
6. TAKE TIME TO THINK ABOUT THE WHOLE PICTURE
What about building & content insurance ? Transferring money ? Protecting your home ? We have solutions.
7. PROPERTY COMPLETION
After signing a preliminary sales agreement completion of the sale can take from one to three month. Before preparing the deed of sale (“acte authentique de vente”) for your signature, the notary will, ensure that all necessary legal work is complete, verify that you have been granted a mortgage and are covered by life insurance, should ask you to show a home (building and contents) insurance policy. You will then be asked to pay your personal contribution and the notary will request and receive the mortgage funds directly from the bank. Once you have signed the final deed of sale at the notary’s office certain legal and others fees will be due and you will then be proud owner of your French home. The notary is required by law to keep the deed, but he will provide you with an official copy. You will then start making your mortgage payments in euros.