We already own a small house in France but have found another that we'd like to buy as a renovation project (with a view of moving there permanently in a few years) however the offer agreed of EUR 60.000 is too small to get a mortgage. We aren't presently living there (live in Jersey) but if anyone has any suggestions of somewhere in France that may offer us a loan we'd appreciate any info please? We'd prefer to get one in France due to the current terrible Sterling Euro rate! Thank you
Posts by Dan& Pez
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Thank you. It's 2 houses on a large plot with amazing views and doesn't seem overpriced in the area but we've been told around 150k for renovations so we think it will eventually cost around 250k in total - we can't even get a 1 bed flat in Jersey for that so think it's good value! 
Thanks for the advice. I've tried a few fee-free courtiers today but it seems that there aren't any banks that will go that low even for an equity release on the property we currently own over there, as they have all changed their limits in the last couple of years.
The good news is that I've just spoken to HSBC in Jersey who said they can do an equity release on our Jersey property at 1.59% so we'll just have to go that way. Hoping the rates will change before we have to pay out any Euros.
The good news is that I've just spoken to HSBC in Jersey who said they can do an equity release on our Jersey property at 1.59% so we'll just have to go that way. Hoping the rates will change before we have to pay out any Euros.
1 - 3 of 7 Posts
