Financial Advice on buying Dordogne Property

THE vast majority of our clients know exactly how much they have to spend on their Dordogne property when they enquire about our properties for sale.

Some are cash buyers. Others need a mortgage but they also need guidance when it comes to the finer details of obtaining one. Most are unsure of the most suitable lending option for their situation.

I need a mortgage for my French property but how do I go about it?

Premier French Property partners with several lenders such as BNP
Paribas (formely Abbey National), Banc Populaire, Barclays France and HSBC France. We are always on hand to give you mortgage information and refer you appropriately for professional advice.

In general, if you need a mortgage to finance the purchase your property in the Dordogne then you will need to make a mortgage application to a French bank.

Learn more about getting a French mortgage....

We've signed for our new house in France now how do I transfer the money ?

We have found that surprisingly few buyers outside the Eurozone are aware that there are companies that specialise in Currency Exchange.

They contact their bank,the Devil they know, to arrange the transfer of funds for the deposit and purchase of their Dordogne property at significant additional cost.

Why?

Because foreign exchange is not the core competence of a bank. You, the buyer, never get as favourable an exchange rate as you can from a currency broker.

We recommend that buyers use a broker as opposed to their bank to transfer foreign currency. 

This one affects everyone outside the Eurozone who buys property in France. Whether you need a mortgage or not you'll need to transfer currency. 

Shop around for the best exchange rate. Currency is a commodity like many others traded on stock markets. You can 'haggle' for the best rate between brokers. You can't haggle with your bank.

We recommend International Foreign Exchange.

There are ways to limit your losses considerably when exchange rates are not in your favour. It's a free,simple and straightforward service available from your curency broker called a forward contract.

By opting for it, you could save yourself a fortune.

Learn more ... 

So, what is the real cost of my Dordogne property likely to be?

The laws around buying a property in France are very strictly regulated.

As the buyer, by French Law, you are considered to be the weakest party in the transaction. Therefore, you are the most protected party.

We make a point of being very clear about purchase costs and fees. 

Invariably, the price of a property that you see advertised on this site will always include the agency fees.

The Notaire fees need to be added to this to arrive at the final cost of the property to you.

Calculate the cost of your property ....