Knowledge and Resources

Everything you need to know about changes to French Wealth Tax

New rules governing French wealth tax came into effect on 1st January 2018. In this post, we explain what the changes to the law mean if you own a French property or if you are planning to acquire one. Prior to the changes, French wealth tax (ISF) was assessed on all assets owned by the

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Buying a property in France

Principles applicable in French property law go back to the declaration of human and citizens’ rights in 1789 “the right to property is an inviolable and sacred right, that no one can be deprived of …” In addition to protecting property owners, the French legal system has, over the years, added a number of laws

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Property Prices in France

The French housing market is expected to strengthen further in 2018. Strong demand for houses in France is buoyed by low interest rates. Find out more about the latest trends in French property prices.

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Bank account and currency transfer in France

As your mortgage instalments will be debited from an account by Direct debit, you will need to open an account with a bank in France. Bluesky Finance can help you find a suitable retail bank and the right package for you. Save money on your international transfers Bluesky Finance has teamed up with Moneycorp to

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Capital Gains Tax in France

Tax Overview Capital gains tax – impôt sur les plus values – is a tax payable in France on gains arising from the sale of land or properties. Capital gains are calculated as the difference between the sale price and the purchase price or the value that was reported when the property was received as

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Should you refinance your French mortgage to take advantage of better rates ?

With French mortgage rates dropping to all-time lows, now can seem the perfect time to remortgage. But before you start the process of looking for bank statements and pay slips, here are a few guidelines to help you assess whether it makes sense to refinance the loan you took out to buy your French home.

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Blog

Early redemption penalties on French mortgages

Most French mortgages come with early repayment fees or penalties also know as ERC. If you have an existing French mortgage and are contemplating remortgaging in France, there are several things you need to be aware of . Firstly ERCs are capped by law and cannot exceed the lower of 3% of the outstanding mortgage

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How to secure the best mortgage deal in France?

Here are a few simple tips to get the best mortgage deal in France. The following recommendations particularly apply to international buyers who can have access to a wide range of mortgage products when buying or refinancing in France. 1. If you can afford the monthly repayments, select a shorter duration for your mortgage contract.

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French mortgage insurance : switch and save?

Mortgage protection insurance is mandatory when taking out a mortgage in France. The majority of French lenders require that borrowers are insured for the amount of the loan through a life insurance policy which is assigned to the lender. With mortgage insurance premiums accounting for as much as 30% of the total borrowing costs, it

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