Mortgage Interest Rates

French mortgage rates have been decreasing, with predictions indicating a drop to approximately 2.75% during 2024 and below 2.5% in early 2025.

Post-Brexit Considerations

Post-Brexit, UK citizens retain the right to purchase property in France without restrictions.

However, for stays exceeding 90 days within a 180-day period, a long-stay visa is required.

Application Process

UK buyers can apply for French mortgages similarly to residents, with no significant restrictions.

The process involves providing financial documentation, and it’s advisable to consult with mortgage brokers experienced in French property transactions to navigate the specifics.

Additional Costs

Purchasing property in France involves additional costs, including notary fees, taxes, and potential insurance requirements. These costs are consistent regardless of nationality and are among the lowest in Europe.

Currency Considerations

Fluctuations between the British pound and the euro can impact the overall cost of purchasing property and servicing a mortgage in France. It’s prudent to monitor exchange rates and consider financial products that can mitigate currency risk.

Professional Advice

Engaging with professionals who specialize in French real estate and cross-border transactions is highly recommended. They can provide tailored advice, assist with the mortgage application process, and ensure compliance with both French and UK regulations.