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.

Deed of sale / Acte authentique de vente

The deed of sale or “Acte authentique de vente” is drawn up by the notary in charge of the sale who also guarantees it is legally secure and efficient. Before the notary presents the deed of sale for signature, he ensures that all legal work and formalities have been completed and that the buyer has been granted a loan and life insurance and has suscribed a buildings and contents insurance. Once the date for the definitive deed has been fixed, the notary will collect all funds to cover the transaction price. He will make a written request to BNP Paribas International Buyers for the mortgage funds. We, in turn, will transfer the money to the notary for the agreed amount.
French law states that the notary must retain the original deed of sale, while the buyer will be given an official copy. Once you, as buyer, sign this document, the property will be yours.
 

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