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Frequently asked questions on mortgage

How much money can I borrow?

The use of the mortgage calculator would allow you to have a first order of magnitude of how much money you could borrow for the acquisition of your property in France. To have a better mortgage estimate, please do not hesitate to contact us by completing our online application form.

What is the minimum down-payment required for the purchase of a home in France?

We can finance up to 80 % of your acquisition price including real estate agency fees but excluding “notary’s fees”. Do not hesitate to contact the dedicated bilingual team of GE Money Bank to provide you with a personal advice.

Are there any additional costs to be considered for the acquisition of a home in France?

The additional costs to be taken into account when buying a property in France are “notary fees and guarantee fees” which amount to 6 to 8 % of the purchase price. It is to be noted that the actual charges will be calculated by the notary.

What kinds of properties are likely to be financed by GE Money Bank in France?

We finance all types of private properties, except those used for professional activities or as commercial lending such as B&B, “gites” (i.e. a French holiday home, etc.) If the property is going to be used as a second home or for a buy-to-let operation for personal and private lender needs, we would consider it.

What type of information should I send to get prequalified for a mortgage?

It is recommended to fill out the mortgage loan application and to provide the documents listed at the end of the mortgage loan application. The minimum information required, in order to know how much you could borrow, will be the age of the applicant(s), income, charges and personal situation.

What are the durations of a mortgage contract that could be offered by GE Money Bank?

The duration of a mortgage contract can vary between 7 and 25 years.

What is the maximum loan amount for the purchase of a property in France lent by GE Money Bank?

The maximum loan amount will depend on your profile. You could complete the online application form and we will be able to prequalify you for the maximum mortgage amount we could consider.

Is the personal insurance mandatory?

A personal insurance is not mandatory by law but highly recommended in France. Banks consider that it is in their clients’ best interest to cover themselves against any financial risk.

Do we need to find our own notary in France to complete our acquisition?

You do not have to find your own notary in France. You can safely use the notary affiliated to the seller or the real estate agency. In the home acquisition process, the notary in France has the same duties for both the seller and the buyer and acts as the “ministry officer”.

After finding the property to be acquired, how long does it take to get ownership of the home?

Once you have found your home, the whole acquisition process takes about 3 months to be completed.