How much can I afford?

This will depend upon several factors:
• How much you are able to borrow;
• The period over which you intend to repay your mortgage;
• Your existing mortgage, loans and other commitments.

Your personal mortgage adviser at BNP Paribas International Buyers will be able to help you determine the amount of loan available.

How much can I borrow?

We recommend that you keep some of your money in a cash deposit account to help you pay for property costs, including upkeep, local taxes, electricity and/or gas bills and furnishings.

Your overall financial commitments (e.g. existing loans and other payments, including your new BNP Paribas International Buyers mortgage) should not exceed approximately one-third of your gross regular income.

How does completion take place?

Before preparing the deed of sale (“acte authentique de vente”) for your signature, the notary will ensure that all necessary legal work is complete. He will verify that you have been granted a mortgage and that you are covered by life insurance. He will also ask you to provide him with a home (building and contents) insurance policy.

The notary will then ask you to pay your personal deposit, after which he will receive the mortgage funds directly from BNP Paribas International Buyers. Completion of the sale may take from one to three months, and once it occurs, certain legal and other fees will be due.

Once the deed of sale is signed, you will be the 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.

As from this point, you will be asked to make a number of mortgage payments in euros.