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.

Notary / Notaire

In France, the business of buying and selling of property (“conveyance”) is handled by a notary. A notary is a public official who is responsible for ensuring that all deeds are authentic and cannot be contested. They are responsible for drawing up such deeds, and in some cases also draft the preliminary sales agreement.
Notaries are required to be objective in the advice they give and to act impartially towards the parties they serve. Consequently, the same notary generally acts for both seller and buyer. However, each party may employ a different notary if they wish. If two notaries are used, the fees – which may not exceed a limit set by French law – will be shared equally between them. These fees are always paid by the buyer BNP Paribas International Buyers has established contacts with multilingual notaries in France. Details can be obtained from your personal mortgage adviser. We can also put you in touch with solicitors or lawyers who specialise in French law.
While taking a BNP Paribas mortgage, as a legal charge is taken on the property a Notary needs to intervene.
 

BNP Paribas International Buyers is a business line of BNP Paribas Personal Finance.
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