French remortgage with cash out

Refinance your French mortgage to get a better interest rate or lower monthly payments and take cash out to use for other projects at the same time. 

It's possible to take out up to 50% of the value of your French property in cash. The minimum amount for equity release or a refinance with cash out mortgages is 300,000 euros. Please note we are not able to offer equity release for leaseback properties.

You do not need to justify what you will do with the funds released.

To qualify for a French Equity Release mortgage, you must meet the usual borrowing requirements in terms of debt to revenue ratio. The maximum amount of cash out and refinance (if you have an existing loan balance) is 50% of the current market value (as determined by the bank) of your property.

Further, you must have a minimum of 100 000 euros annual revenue and minimum of 500 000 euros net assets.

We will be happy to confirm if you are eligible in principle. Please click on the "Apply Now" button below to provide your financial information.

Note : Equity Release in France is not the same product as in the UK. The French product allows you to release funds from your French property that you will then pay back with monthly payments. It is not possible in France as a non resident to have a mortgage without monthly repayments until your death or the sale of your home, like in the UK.

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.

 


Testimonials

David Hulston, Sydney, Australia, Purchase of a Paris apartment

"After previously dealing directly with French banks, it was a welcome relief to use the services of France Home Finance ..."

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Resources

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French Interest Rate Indices

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2018 French Wealth Tax Changes

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Case Studies

Buying a Piece of France - Tax and Legal Need to Know, November 2015

Leigh-Alexandra Basha, international solicitor specilized in France, explains the latest tax, legal and accounting evolutions in French real estate :

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Tax & Legal Aspects of Buying a Pied à Terre in France

Leigh-Alexandra Basha, international solicitor and expert on French property acquisition, explains what you need to know:

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