French Mortgage Connection are UK based mortgage brokers
who arrange mortgages with banks in France for buyers requiring
a mortgage to purchase in France



How you can contact us

E-mail:
 info@french-mortgage-connection.com

Telephone number:
0044 (0)1425 653408 
Fax number:
 0044 (0)1425 655221


 

Decisions In Principle

 

French Mortgage Connection are able to provide you with an initial Decision in Principle, free and without obligation, to help you determine the amount you could borrow along with the details of the associated monthly mortgage repayments involved with various mortgage options, as currently available in the French mortgage market.

If you wish, you can also take this a stage further and "pre-qualify" for a mortgage: meaning that you can apply for a mortgage without a specific property in mind. This can save you time later on and can put you in a very strong position once you have found a property.

All this can be done without any initial costs or obligation: but, either way, it all starts with completing our decision in principle form (below).

With a Decision in Principle from us, you can look with a degree of confidence and peace of mind; knowing your price range and the monthly mortgage costs involved.

Before entering into a Compromis de Vente (or any other type of French sales contract) you should obtain a "Decision in Principle"..

In order to provide you with an accurate and reliable Decision in Principle, we will need a certain amount of background information about you, including your current financial circumstances, your likely mortgage requirements together with other relevant or material facts.

All information provided is treated in strict confidence (although it may be divulged to French lenders, of course): all we ask is that the information you provide is wholly accurate and can be backed up later on, as and when it may be necessary.

All French lenders will still want to see a fully completed mortgage application and satisfactory documentation before making a formal mortgage offer, of course.

The information we need is set out in the Decision in Principle Enquiry Form below. You can fill in the form offline (if you wish) and submit this to us by going back online and clicking the Submit Button at the end of the form. Please note that, once you click the Submit Button, it can take a few moments before the information you have completed is relayed to us, so please be patient ! When the information has been successfully transmitted, you will see an acknowledgment message to signify you have successfully transmitted the form.

Please do ensure you complete this form fully, with all the appropriate details requested, otherwise we will not be able to give you an accurate indication and will have to clarify any missing information with you.

If you wish, you can fax this form to us, if you prefer - in which case please print out the form via your Browser and then fax us the manually completed copy to UK fax number 0845 2992276. If you decide to complete this form manually, please adopt your "very best and most legible style of handwriting" and please do use black ink !

If we can place your requirements, you will receive a series of mortgage illustrations, together with general guidance, background information, and a comprehensive list of the documentation needed to make a full mortgage application. This will be sent to your email address, unless you specify otherwise.

Please note that the minimum loan size we currently handle is € 80,000 euros. Please note that in the current mortgage market, lenders are increasing declining cases if a property is in "poor condition" and if not considered to be "habitable" as it stands - i.e. if it does not have "standard" amenities, such as mains water & electricity, a fully functioning foul water drainage system, kitchen and bathroom or shower room, or no heating etc, or if the structure (roof, walls etc) is "unsound". For this reason, please note we do not handle enquiries where a property is not in a currently "habitable" condition and having standard amenties (these comments apply to older 2nd hand type property rather than to brand "new build" projects of course).

 

DECISION IN PRINCIPLE - Enquiry Form

Basic Personal Information

Name of 1st Applicant

Date of Birth

Nationality


Name of 2nd Applicant

Date of Birth

Nationality

Home Address

Telephone Numbers

Private E-mail Address

Estimated Mortgage Required Please note that our minimum is

€ 80,000 euros

Mortgage Term Required (normal minimum 5 yrs / normal maximum 20 yrs)

Deposit Available (excluding Notaries' fees)

Have you found a property to Purchase? If "No",

Would you like us to pass your details to Estate Agents ?

Which areas are you looking in ?

If you have not found a property, what type of property are you looking for, up to what price range and what are your key property requirements ?

If you have found a property, please confirm the full details in the box below (if the property is a brand new one and its on a "leaseback"  / residence du tourisme scheme, please ensure you make this clear AND confirm the gross purchase price, including the French TVA / VAT, even if its waived at outset):-

Employment / Self-employment Details

Please note that applicants who own 20% or more of the shares in a Limited Company are classed as "Self Employed" as are Sole Traders and Partnerships.

Applicant 1 : Are you Employed or Self Employed?

Applicant 2 : Are you Employed or Self Employed?

Employed Applicants Only - please provide the following details in the box below:-



Self Employed Applicants Only -
please provide the following details in the box below

"Other" Income Details

Please provide full details of any other significant income (if applicable) - for example: from investments, rental payments received, pension income, maintenance received by Court order etc. You do not need to include Child Benefit, if in receipt of that benefit.

Outgoings & Existing Commitments

Please confirm in the box provided, and for all mortgage applicants / co-buyers, the details requested below. Each topic is repeated for you in the box, so just note the details by each heading in the box - the details we will need are:-

(1) Details of all existing mortgages on your main home and on any other property you own (including "buy to let" properties etc).

(2) If you rent your current home, please provide details of the monthly rental you currently pay.

(3) Details of any existing loans - i.e. car loans, personal or consumer loans you may currently have.

(4) Details of any credit card balances & the minimum payments required (but only if the cards are NOT fully cleared in full, each month).

(5) Any other major contractual outgoings- for example, Maintenance payments, School fees etc (please confirm nature & amounts involved and if paid by "Term Time Credit" arrangements). You do not need to detail your normal "day to day" living expenses, such as utility bills, travel expenses, food etc - as these are not required for lending assessment purposes.

Note: if any of your outgoings / existing commitments information given in this section is about to change, or will be changing prior to purchasing in France, you need to make this completely clear in the "any other information" box at the end of this decision in principle form. For example, if selling your current home and repaying any current mortgage(s), loans etc.

The current values of any Property you already currently own

If you have been referred to us by an financial adviser / estate agent / solicitor, please provide their name in the box below.

If you have not been referred to us by any third party please confirm where you found our details in the box below - please note that we are unable to process your decision in principle form without this information.If you cannot recall the precise details, please state so.

Is there any other information which you consider might be / could be relevant to us in connection with your enquiry and in assessing the information you have provided ? Or, is any information given within this form about to change or will change to your knowledge ?

Thank you for completing the form: you are now  nearly done ....

The information supplied will be treated as confidential but may be disclosed to lenders and insurance providers: this will be solely and specifically for the purposes of lending assessment / affordability calculation purposes / insurance quotations. We will initially reply to your enquiry via your email address, unless other instructions are given in the "Other Information" box directly above.

By submitting the form to us you are deemed to have consented to the disclosure of your data for the purposes stated above. We are registered Data Handlers under the Data Protection Act 1998.

By clicking on the Submit Button (below) you can now relay the form to us.

You will see an acknowledgement screen with the details, as entered, when your form has been successfully sent to us.

Please be patient after clicking the submit button and allow a few moments for the information to be sent to us - one click is sufficient for sending this form.

Statutory Warnings: Your home is at risk if you do not keep up repayments on a mortgage or other loan secured upon it.
The Sterling equivalent of your liability under a foreign currency mortgage may be increased by exchange rate movements.
A Life Insurance policy will be required for each mortgage borrower.
All mortgages are subject to Status and are not available to those under age 18 years. Written details upon request.

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