The new loan amount must not exceed 70% of the value of your French property with a minimum loan amount of 100,000 euros. Please note we are not able to offer remortgage for leaseback properties.

To qualify for cash out when refinancing, you must have an approved purpose or declared project for the cash such as :

• purchase of residential real estate
• renovation
• repayment of money used for completed renovation to savings
• purchase of car, boat, plane, works of art
• financing children's education
• investing in pension plan, mutual fund, bonds

You will be obliged to show proof of the destination of the cash out such as :

• signed purchase contract for real estate
• signed application for fund investment
• letter specifying the cost of school tuition for your child
• quote for purchase of boat 

Before applying, please have an estate agent provide a conservative valuation of the resale value for your French property. French banks require this before considering your application.