Buying property in France has long been popular with Brits, and the country retains a huge draw for American citizens. However, there are restrictions on lending through French banks for all nationalities and this often means clients need to work with a broker with links to international lenders.
For American borrowers, another layer of complexity is the Foreign Account Tax Compliant Act – more widely referred to as FATCA.
Our links into this territory and knowledge of the complexities means we can offer clients a range of lending options, tailored to suit individual requirements. Associate Director Tom Foster specialises in international mortgages, with close to two decades of experience in the industry. In our latest video, he takes us through the challenges of buying in la France.
If you’re looking for advice or just weighing up your options, don’t hesitate to get in touch.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Changes in the exchange rate may increase the sterling equivalent of your debt.