Mortgages For French Property: A Positive Outlook For 2024

At Wendy’s Houses, we’ve been partnering with IPF since 2010, and we can’t say enough good things about their service and expertise! Seriously, it’s top-notch. What sets them apart is their fantastic relationships with banks. Thanks to those connections, they not only help non-French residents succeed more often but also offer some seriously exclusive mortgage rates and products. Trust me, you won’t find these rates anywhere else, especially not on the French high street.

IPF bucks the trend with a 94% French mortgage success rate

Who are International Property Finance?

International Private Finance (IPF) is the UK’s leading French mortgage broker. Founded in 2008, IPF specialises in arranging bespoke finance solutions for non-residents seeking to purchase a property in France. As the largest introducer of non-resident mortgages, IPF partners with a wide range of lenders from the retail and private banking sectors. Despite these turbulent political and economic times, there has been a resurgence in lenders’ eagerness to finance non-resident clients.

Why use specialist French Mortgage broker IPF?

  • You have the best chance of success. IPF’s approval rating is the highest within the industry at 94% in 2023, compared to applying through a bank directly. 40% of French applications were refused in 2023.
  • You will save money as IPF has access to exclusive and preferential LTVs, interest rates and discounted arrangement fees.
  • It will be quicker and easier to get your mortgage. IPF benefits from dedicated underwriters at a number of banks, our bilingual dual-qualified consultants will liaise with all parties which will fast-track both the mortgage and buying process.

French Mortgages in 2024!

If you’re seeking finance for a property purchase in the Alps in 2024, there are several reasons to feel optimistic. Mortgage interest rates dropped significantly in January and there are more encouraging signs for this trend to continue throughout the year. Additionally, the appetite for lending to non French residents has strengthened and IPF with their relationships with banks can offer many options for Brits and US citizens, self employed borrowers and lending to individuals.

Examples of interest rates:

  • Max LTV 85% on repayment for SCI/SARLS (rates from 4.80%, 15 years)
  • Max LTV 85% on repayment for individuals (rates from 4.02%, 15 years)
  • Max LTV 75% on Interest Only (rates from 4.90%, 15 years)

 

Here are a selection of IPF clients that have recently completed:

  • Single Brit; PP €387,500; LA €290,625 – (75% LTV)
    Rep 3.92% – tracker 0.06% above base
  • Purchase of a VEFA; American/French Couple Swiss resident
    PP €476,000; LA €300,000 (63% LTV) 5.75% 15 years
    Bank fee discounted by 50%; No ERC’s
  • Property in Annecy; SE Americans living in California.
    PP €1,080,000; LA €420,000 (40% LTV)
    Repayment 4.50% 19 years, no life cover

 

Don’t just take our word for it. IPF’s level of service is beyond compare and is reflected in their client feedback:

“ Our experience with IPF well exceeded our expectations and was

unmatched by any others by a huge margin! We were very impressed

with IPF from beginning to end… The service from the entire IPF staff

was impeccable! We truly felt that they have given our case the

highest priority and gained our full trust. We will definitely employ

their services at the next opportunity. Thank you IPF !!!.”

Judith A, Feb 2024

In summary, the outlook for mortgages on French property in 2024 appears bright, particularly with the expertise and support of IPF. Their impressive success rate, exclusive preferential rates, and efficient fast track service set them apart in the industry. With a solid track record of successful completions in 2023, IPF continues to be the go-to choice for non-residents seeking to finance a French property purchase. As the year progresses, we anticipate further positive developments in the market, and we look forward to continuing our successful partnership with IPF to assist clients in realising their property dreams in France.

Best Wishes

The team at Wendy’s Houses

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