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ahouseinnormandyfinance Prices in Brittany and Normandy are brilliant by comparison to those in the UK. But it is exchange rates which tend to be the restraining factor on the fluidity of the market. Here's an example:- Recently I amended some details on a property originally uploaded in November '. It's price was 331,723 Euros (a Sterling Equivalent of GBP £230,300). I needed to add more photo's to the property entry on January 9th.By this time its Sterling Equivalent had become.£247,335. A staggering difference of £17,000!! And...You CAN Beat The Banks...by a country mile!
If you would like to chat informally about foreign exchange then by all means call us on 01903 202272 we'll be happy to have a chat... But here are the experts... First Rate FX Halo Currency Exchange Sterling Exchange
The Sterling/UK financial market is currently volatile...You are thinking of buying a property within the Euro market. So, it seems to make good sense to borrow where the 'water is calmer' and in the currency of the country where your new property is situated. You see - it's sounding simpler already... So let's try and make matters easier...Why do we point you in the direction of lending & financial exchange professionals? Quite simply (and yet quite memorably in my life) I got just 2% in my GCE Maths Mock 'O' Level. I manage to make it to the shops and back without losing too much but above that I tend to call in the professionals who know as much about their job as I now know about mine! Another good reason to ceck out the names below rather than go elsewhere...Mortgages in the Euro sector tend to be at a rate of around 2% lower than you'll find in the Sterling mareket. So, explore the links below of who have demonstrated their skills with our clients' purchasing needs and convinced me that they are the right people for the job... Opening your first bank account in France? Yep...they can do that too...as would our agents if you ask them nicely... If you would like to chat informally about mortgages then by all means call us on 01903 202272 we'll be happy to have a chat... Cafpi...Associations with more than 70 lending sources French-Mortgage.com...It is what it says on the tin! When your offer has been accepted on the house you intend to buy...you will be asked to sign the Compromis de Vente... At the time of signing this document you will be required to provide payment of a deposit of 10% of the purchase price of the property. This can be paid by a Eurocheque ...a bank transfer to the Notaire...OR a cheque drawn on a French bank account... Bank Account It's a good idea, since you are keen on buying a property in Brittany or Normandy, that you open an account over there before you get 'too far down the road' - even on your first viewing trip - that's what we did - It simplifies everything and the bank will be very helpful. If you have the merest smattering of French you should be able to proceed without any trouble AND you're likely to find that there is at least one member of staff who will speak English. If you have any hesitation then ask the agent you are viewing with - they will be happy to help if you haven't already organised the account. BUT You can, if you wish, arrange to open your bank account via Cafpi or one of the Financial Exchange Specialists above. If only these services had been offered to us when we were going through the buying process! Whilst we point you in the direction of the property you may wish to buy...our associates on this page are the teams to approach for financing your purchase and sorting out the economic movement of your funds... Chris Slade |
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