Financing your dream home in France - Part 2

Copyright 2005 Oliver Phillips. May be freely reproduced "as-is" for private and commercial use.

In Part 2 of this series, Oliver Phillips of PFS France (http://www.propertyforsalefrance.co.uk/) takes a look at common approaches to financing french property purchases.

So you've found your perfect home, you know the area, the people, and you've appointed your own Notary. You've also had an independent valuation and will be getting the property surveyed to make sure you understand what you are buying?

Your next thought is likely to be financing? Generally, you might look to finance your purchase in one of two ways; either using the equity in a UK property by way of remortgage or by taking out a second mortgage on the French property. Both methods are subject to exchange rate risk but in different ways.

If you decide to remortgage an existing UK property the finance would normally be raised in