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.

Financing solution engineered by Bluesky Finance :

  • €406,000 loan
  • 80% LTV
  • Hybrid loan : part interest-only, part capital repayment
  • Monthly payment of €1,790
  • 25 year fixed rate : 2.35%
  • No Financial collateral