The Experts guide to french mortgages

Written by on January 2, 2019 in Mortgages

Half-timbered house with white walls and green wood panels with a "Sold" Sign

We asked the experts at CA Britline, who specialise in Banking and Insurance services in France, to explain French mortgages:

Mortgages are available to residents in France, UK and Ireland. Buying a property in France whether to use for holidays, longer periods or to rent out whilst still residing in the UK is possible with CA Britline. Not all banks allow you to apply online but at Britline the mortgage application can be done online. And, there’s no language barrier – our staff speak English and many of them are British expats.

Applying for a mortgage

In order to apply for a mortgage you need to be over 18 and hold no county court judgements. We will need to understand your financial position and will require documents confirming your employment, general assets, project and bank details amongst other items. A copy of the ‘compromis de vente’ for the property you are purchasing will also be required.

Self-employed applicants will be asked for additional documentation such as bank statements concerning the company’s bank accounts, statements of accounts (i.e. profit and loss accounts) and SA302 tax calculation forms.

Once your mortgage application has been studied, if you’re successful, a ‘decision in principle’ (DIP) will be issued.

Choosing the right mortgage for you

There is a choice of mortgages – either fixed or variable rate. The duration may run from two – 25 years.

Fixed rate mortgages over a longer duration tend to be the popular choice in France compared with the UK where variable rate and interest only mortgages are often the first choice.

At CA Britline, a fixed rate means fixed for the whole term of the mortgage.

Redemption fees may be applied if you decide to pay it off before the end of its term. Generally the fees will be the equivalent to 3% of the capital reimbursed or 6 months’ worth of interest. The lower of the two amounts will be applied.

Variable rates can be capped at different levels and some mortgages, depending on the characteristics of your project, can have a 0% rate of interest. Eco loans are also available.

All CA Britline mortgages are Capital Repayment only and include options to allow monthly repayments to be as flexible as possible.

Increasing or decreasing your monthly payments or taking a break is possible (subject to terms and conditions).

Life insurance

Life insurance called ADE (Assurance Décès Emprunteur) is recommended when taking out a mortgage. In the event of death during the term of the policy, it covers the outstanding debt. There is no fixed cost for this type of policy as it depends entirely on individual circumstances.

The Mortgage offer

Once you have accepted your Decision in Principle offer, the official mortage offer will be issued and you then have a cooling off period. After this, if you want to go ahead, the offer should be signed and returned by post.

Once the paperwork is complete your Notaire is updated with the information.

The Notaire will later send a request for the mortgage to be released based on the date of the Compromis de Vente signing – the day you take ownership of your French property.

For further information visit Email contact @

*Mortgages via CA Britline for the purchase of properties in France only.

Related Articles

Essential French Mortgage information for Buying a French property

The first step when buying a property in France is to calculate your budget. If you need to borrow funds for your French property purchase, then you should primarily make sure you are eligible to borrow funds in France. Be aware that any French mortgage must be secured against the property itself. It is possible […]

Continue Reading

Should you use a Mortgage Broker for your French Mortgage

  When you are looking to purchase a property in France you may need to borrow funds to finance the deal. You can apply for a mortgage in your country of residence or you can go direct to a French bank and arrange a mortgage. Some French banks have English speaking services and documentation which, […]

Continue Reading

Applying for a French Mortgage

Applying for a French mortgage is normally quite easy and painless. The mortgage industry in France is highly regulated and if you are a foreigner buying in France there will be a lot of paperwork involved. It will certainly go in your favour to organise as much as you can before you find the property […]

Continue Reading

Mortgages in France – Terms and the Basics

  Mortgages in France – the basics When you’re buying a property in France, it may be worthwhile to consider taking out a French mortgage depending on your circumstances. Here is the basic information for considering a French mortgage: Banks: French banks can agree to a mortgage in principle before a purchase is agreed. Sorting […]

Continue Reading

Looking for a French Property Mortgage

If you are looking for a mortgage for your French property purchase then you will need to either borrow against an existing asset in your home country (usually an existing property) or take out a mortgage on the French property – either in your home country or in France. Generally it is taken that you […]

Continue Reading


If you enjoyed this article, subscribe now to receive more just like it.

Subscribe via RSS Feed