Glossary 

 

Our glossary defines frequently used mortgage terms. Click on one of the following letters of the alphabet to locate a specific term on this page.

Acquisition of a property to be built (off plan) / Vente en l’état futur d’achèvement (VEFA)

For sales of properties for under construction (V.E.F.A - Vente en l'Etat Futur d'Achèvement), both parties must sign a reservation contract (contrat de réservation). This contract includes items such as the guaranteed price of the home when built, payment stages which coincide with the different phases of the property's completion and technical specifications. The buyer usually pays a 5% deposit when signing the reservation contract, which is then deducted from the total purchase price.
 

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