Buy to let and at the same time finance your holiday home in France? UCB opens the doors! 

If you’re looking for return on your investment in France, buying to let clearly means a source of income as well as potential capital gains.

If you are seeking to invest in quality rental property to be found in purpose built resorts called “Résidences de Tourisme” the benefits are more than enticing.  Not only will your property be managed for you, ensuring contractually guaranteed income but you will also benefit from a full VAT refund on the investment.  And what’s more, you can enjoy your property for several weeks each year!
If this type of investment is for you, BNP Paribas International Buyers will find the financial solution best adapted to your project especially as we have a process of approval of development programmes which is an assurance of quality and means more security for you.

Your project in 5 easy steps

Step 1 - Contact BNP Paribas International Buyers

Discuss your needs with one of our bilingual personal mortgage advisers and together, develop your financial plan or find out exactly how much you can borrow.  You will then receive a detailed quote based on the information that you have given.

Step 2 - Find your property

Then, find your property and ensure that you have made the right choice. If necessary, call on professionals for advice. To obtain leaseback financing and fully benefit from the scheme the property must be new or in the process of being built and part of a BNP Paribas International Buyers approved development programme. The management company must also handle the letting.

Step 3 - Sign your reservation contract

The next step will be to sign your reservation contract. Once you have signed this document no one else will be able to buy the property you have chosen. However, don’t forget that you still have 7 days should you wish to change your mind.
Remember to insert a clause into this document stating that it is subject to mortgage acceptance, otherwise, you will lose your deposit should the mortgage be refused.
Appoint a notary(*). In France, the buying and selling of property is handled by a notary, a public official who ensures that all deeds of sale are authentic. Notaries are responsible for the drawing up of such deeds and, in some cases, the reservation contract. The advice they give is objective and they must act impartially towards the various contractual parties.  
BNP Paribas International Buyers will be happy to provide you with details of English speaking notaries in France.


(*) Usually, the seller appoints a notary who must act impartially and ensure that the transaction is carried out correctly. However it is possible for the buyer to appoint his/her own notary at no extra cost to the buyer or the seller. The notary fees will be shared equally between the respective notaries.


Step 4 - Complete the mortgage application and life insurance forms

Nothing could be simpler. Once these forms have been completed, return them to your personal BNP Paribas International Buyers mortgage adviser. At the same time, you will also need to submit a certain number of other documents concerning personal details, income and outstandings. Following acceptance of your application you will receive your BNP Paribas International Buyers loan offer of which a copy will have been sent to your notary.  By law, you must wait at least 10 days before accepting the mortgage.  However, be careful not to exceed a 30-day deadline after which BNP Paribas International Buyers will not be obliged to maintain the financial conditions of the offer

Step 5 - Completion – more than just a dream!

Completion of a leaseback investment is subject to the fulfilment by the different parties involved of a certain number of conditions precedent. It may in general take from six to twelve months from the moment you sign the reservation contract to the moment you sign the final deed of sale. The notary will make a written request to us at BNP Paribas International Buyers for the first release of mortgage funds and in turn we transfer the agreed amount to the notary. The rest of the mortgage funds will be released gradually as the construction of the property progresses.
French law stipulates that the notary retains the original deeds of sale and you will be given an official copy.

Take a look at some of our loan offers

BNP Paribas International Buyers offers the most extensive range of mortgage solutions to English speaking clients wishing to invest in France.  Fixed or Variable, Capital Repayment loan or Interest Only, Deferred payment…

One-Year Standard Variable Loan

A loan with an interest rate that is set for the first year after which it is reviewed and revised annually. Need a break? Mortgage payment holidays are available at any time after the first year and up to five times during the life of the mortgage. Early repayments with no penalty are possible as well as the option to switch to a fixed rate mortgage at any time.  You also have the possibility to modify your monthly repayments.
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Interest Only Loan

 A mortgage that requires no savings vehicle as guarantee. This means that you can keep intact your investments in property, stocks and shares without having to sell or cash in. As you will only be paying the interest and the insurance on your loan each month your outgoings will be considerably reduced whilst the capital will be paid off in one lump sum at term.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
 

BNP Paribas International Buyers is a business line of BNP Paribas Personal Finance.
BNP Paribas Personal Finance - Credit institution – Société Anonyme incorporated under French law with a share capital of 453 225 976 euros - 542 097 902 RCS Paris -
Head office: 1 bd Haussmann, 75009 PARIS Insurance Intermediary (N° ORIAS : 07 023 128) Insurer(s): Cardif Assurances