Case studies
Interest-Only mortgage for a Hong-Kong based British couple buying in Provence
February 2021 – Mr and Mrs S. 44 years old. British nationals residing and working in Hong-Kong.
Client requirements:
Mr and Mrs S. got in touch with us shortly after they had made an offer for €820,000 on a property located in La Croix Valmer near St Tropez. They had spent several summer holidays in the Var and had seized an opportunity to purchase a villa they had seen the previous summer.
Our clients had sufficient savings to pay for the villa without resorting to mortgage finance. Following an initial consultation and several scenarios analysis created by with Bluesky Finance, it rapidly became apparent that a euro denominated credit facility was an efficient strategy to minimise the impact of an unfavourable GBP to Euro exchange rate on their savings. Our clients agreed that it made sense to arrange a euro mortgage which could be repaid when the GBP/EUR exchange rate would be stronger.
Low rate Paris mortgage for French expat residing in the US
January 2021 – Mrs D, 51-year-old, divorced. French national, resident in the United-States.
Client’s requirements :
Mrs D. got in touch with Bluesky Finance as part of a venture to purchase a pied-à-terre in Paris. After 20 years of continuous residence in the US and a recent divorce, our client was keen to obtain a pre-qualification for a French mortgage. She also wanted to assess her borrowing capacity.
Following a thorough analysis of her personal and financial situation, an Agreement in Principle was provided to her. This pre-qualification facilitated her property search and also secured more interest from Parisian real estate agents.
In terms of financing requirements, our client was keen to minimize the downpayment required to complete the purchase.
Paris Loft Home Loan for French expat residing in New York arranged in 7 weeks
December 2020 – Mr D. 39 years old. French national, living and working in New-York City.
Client requirements :
Our client was looking to finance the purchase of a Buy to Let apartment in Paris. Despite a strong global relationship, our client discovered late in the application process that HSBC France would be unable to meet his requirements due to end of year capacity constraints.
Mr D was introduced to Bluesky Finance by his notary.
High LTV, low instalment mortgage for British couple buying in Provence
December 2020 – Mr and Mrs O. 41 and 42 years old. British nationals from East Sheen, London.
Client requirements :
Mr and Mrs O. got in touch with us shortly after they fell in love with a beautiful villa during their summer holidays in provence. Their initial requirement was to establish whether they could afford to make an offer and whether they would qualify for a euro denominated mortgage.
In terms of financing requirement, one of our clients’ key expectations was to minimise the monthly loan payment as well as their upfront cash contribution.
Unfamiliar with the French conveyancing process, our clients requested our assistance with opening a French bank account and arranging a property and life insurance. We also introduced them to an English speaking notary.
Residential mortgage for French impatriate returning from the US
November 2020 – Mrs C. 38 years old. French national, living and working in the USA.
Client requirements :
Following a job transfer from the US to France, our client was looking to arrange a mortgage to finance the purchase of her future primary residence in Paris.
Our client’s income was still earned in USD at the time of application.
Holiday Home mortgage for Swiss resident
October 2020 – Mr B. 40 years old. Swiss citizen living in Zurich, CH.
Client requirement:
Our client, a Swiss private banker, was looking to arrange a low rate euro denominated mortgage loan to finance the purchase a holiday home in the South of France.
€338,000 15 year fixed rate mortgage for a couple of wine lovers from Texas
February 2020 – M and Mrs P. 52 and 49 years old. American couple from Texas.
Client requirement:
Our clients were looking to arrange a low rate euro denominated mortgage loan to purchase a property in the heart of the Burgundy vineyards.
Financing solution engineered by Bluesky Finance :
Low rate, low downpayment mortgage for Dutch couple residing in New-Zealand
February 2020 – M and Mrs A. 38 and 35 years old. Dutch couple residing in New-Zealand.
Client requirement:
Our clients got in touch as they were in the process of purchasing a holiday home in the Gers region of France. They had been offered several mortgage plans which all required a minimum downpayment of 30% which did not really meet their expectations.
Brittany cottage dream come true with FATCA compatible euro mortgage
January 2020 – M and Mrs L. 53 and 51 years old. French couple living and working in the US on a local employment contract.
Client requirement:
Our clients contacted us as they were planning to purchase a holiday cottage in Brittany. Their intention was to spend a few months a year in Brittany before retiring there in 12 to 15 years time.
Our clients already owned two buy to let properties in France and had a long term established banking relationship with a leading French High Street bank. Due to their US residency status and FATCA related restrictions, our clients’ mortgage application had been denied by their bank.