Have you financed your French property with an Irish/UK loan? (Equity Release or term loan).Would you like to reduce your Irish/UK borrowing by re-financing your investment in France?

This could help release pressure from your local bank while at the same time making the financial of your French property more financially and tax-efficient.

The main issues that arise are as follows:

1. I bought using cash or with a top-up loan in Ireland/UK and now want to take out a loan in France

2. I have a French loan and would like to:
Change from repay to Interest only
Take a payment holiday
Get a better rate
Extend the term of the loan

In-principle all of the above can be dealt with. Most people are looking to release French Equity to reduce their Irish/UK borrowings. A growing number are looking to reschedule their existing French loan to improve cashflow.

Rearranging your financing is just prudent financial management. In the current economic climate it may be the difference between holding onto your investment or not.

In recent years the French have broadened their lending options, introducing interest-only and capped interest rate products.

There are some costs associated with the above but generally they can be built into the new financing arrangement put in place for you.

Assumptions:
1– Interest rate: 4,5% variable
2– Term: 10 years Interest Only 25 years Full Repay
3– Stamp duty applies to French loans. Please allow 2% to 3%
4– Subject to loan approval
To find out if you qualify Call us at 01 2110 780 or email us at: Marketing@OuiCanDo.com