French mortgages with UCB Mortgage
(formerly Abbey France)

Since 1990, UCB Mortgage has acquired a wealth of experience in the French mortgage market and has developed an appropriate range of flexible and competitive mortgages. Both fixed and variable rate mortgages are available. UCB Mortgage is happy to consider mortgages for most types of residential homes, new or old. In certain circumstances, we will also consider lending for renovation works.

Benefits of using UCB Mortgage

• All our staff are bilingual and are more than willing to share their wealth of knowledge about the French purchasing procedure with you.
• All documentation is provided in both French and English including your definitive mortgage offer.
• We can finance up to 85% of your net purchase price (subject to valuation)
• You can minimise your monthly commitments by spreading your repayments over 25 years if you wish.
• You are not required to pay a deposit into a holding account.
• A valuation is carried out on your proposed property, for internal purposes only, which can offer you peace of mind.
• Competitive interest rates.
• You are not obliged to open a bank account with us, if you wish you can pay your mortgage from any bank in France

Outline of main mortgage condition

Mortgage type

• Euro mortgage – interest and capital repayments

Maximum loan amount

• Up to 85% (subject to valuation and depending on your country of residence) of the net purchase price for loans of 75,000€ or more and 80% (see above) for lower amounts

Minimum purchase price

• 62,000€ The property must be habitable, some works may need to be financed by Abbey National France depending on the results of the valuation

Minimum loan amount

• 50,000€

Valuation

• Arranged by UCB Mortgage at no expense to the borrower

Term

• Between 7 and 25 years

Payment method

• Free monthly direct debit from any French bank

Life assurance

• Life assurance is mandatory - arrangements may be made through UCB Mortgage

Security

• First legal charge on the French property

Purpose of loan

• Residentaial property purchase (main residence, second home, property to be let), construction of a new property, re-mortgage and home improvement loan

Lending area

• Residential in mainland France only

Arrangement fee

• 1% of the loan amount (minimum 700€ - maximum 1,500€)

Leaseback finance is now available from UCB Mortgage

Starting at a minimum mortgage amount of 50,000€, UCB can finance your investment for up to 80% of the price, including TVA (VAT) and furniture. The offer is available on all products for a term ranging from 7 to 25 years, including deferred payment period (capital and interest), and is destined for salaried employees as well as the self employed.

In order to benefit fully from the scheme with UCB, there are 3 essential conditions:

• The property must be either new or in the process of being built
• It must be on a development approved by UCB
• It must be let out by the management company

If you would like UCB Mortgage to provide you with a mortgage quote, or to discuss your financial requirements with one of their bilingual staff, email us with your personal details (name, address, contact numbers and email address) and we will pass them on to the appropriate representative and ask them to contact you.