| Considering all your financial options | | | | the same as those in the UK. |
| If your dream is to buy a property in the French Alps | | | | For example, you cannot apply with self-certified |
| whether it's to migrate to or just simply for a holiday, | | | | income. Following the recent economic troubles, UK |
| even in today's economic climate, you should look at | | | | banks frown on self-certification although they may |
| the choices you have for purchasing your ski | | | | allow it if you have a large deposit. In France, |
| apartment or chalet. | | | | however, you must have third party proof of |
| A property for sale in the French Alps can be the | | | | income. This applies whatever your deposit. |
| perfect investment for the future, the ideal nest egg | | | | Furthermore in France you must prove that your |
| for retirement or the perfect base for an annual | | | | income is three times the amount of your debts. In |
| getaway for all the family. This guide will tell you | | | | other words, if your current mortgage, proposed |
| some of the things you will need to know and take | | | | mortgage, loan repayments, credit card repayments |
| in consideration when purchasing a property for sale | | | | and other forms of debt exceed one-third of your |
| French Alps. Dealing with financial laws and institutions | | | | income, you cannot proceed. |
| in another country can be a difficult and complex | | | | Knowing your mortgage |
| situation and there a lot of things to bear in mind. It | | | | A fixed interest rate French mortgage is no different |
| is also important to get help where necessary and | | | | to a British one. The rate is set for the life of the |
| ask the advice of professionals and people with local | | | | mortgage. You also pay a penalty if you settle the |
| knowledge who maybe able to point you in the right | | | | mortgage early. |
| direction. | | | | If you take out a variable interest rate mortgage to |
| You may, for example, be eligible for a French | | | | buy property in the French Alps, the lender adds a |
| mortgage. One benefit of these is that you could | | | | percentage to either the three-month or the |
| obtain a 100% loan for the property. The rate could | | | | twelve-month Euribor index. The Euribor is the rate at |
| also be lower than a comparable mortgage to that of | | | | which banks in the euro zone give deposits to each |
| the UK. | | | | other. |
| Something to carefully consider before you take this | | | | Changes |
| route, would be to know a sizeable amount of | | | | Of course, financial law changes. So even though you |
| information about the French mortgage market. | | | | may feel ready to buy a property in the French Alps |
| Knowing this will allow you to proceed with greater | | | | with a local mortgage, seek up-to-date advice first. |
| confidence. | | | | One of the best places to go for such advice on |
| The basics | | | | buying a property abroad would be 'Unique Living,' |
| When you plan to buy property in the French Alps | | | | one of the largest real-estate companies in operating |
| with a local mortgage, be careful not to make | | | | in Europe at current. |
| assumptions. The most basic financial rules are not | | | | |