|
 |
French
Mortgage |
|
One can of course get a mortgage from a French bank. However, many people are
taking advantage of the fact that British banks (such as Barclays, among others)
are now well established in France. This has several advantages:
- English language. Being a British bank, they of course speak
English. So you can ask questions in English, do the application in English,
discuss any problems in English and so on. Unless you are fluent in French,
this is a big advantage over the typical French bank.
- Understanding. The French mortgage, banking and housing markets
are somewhat different from the British. The British banks which have become
established in France can tell you about the differences and explain them to
you.
- Convenience. Many people who buy property in France find that it
is convenient to keep a British bank account. This is useful if you have
British income (e.g. investment or retirement) or want to be able to write
cheques for the UK. In many cases, given that you may already have a British
bank account and income, it is convenient and cost effective to have your
mortgage with a British bank.
|
|
