At Sextant French Mortgages we can finance renovation works on your French property.
We also offer the Equity release mortgage which means you can release capital tied up in your property in France for a personal project.
If your circumstances have changed and you’ve come to the decision that it’s time to expand or improve your home environment, this will most probably mean reviewing your financial situation. At Sextant French Mortgages, the home improvements that you’ve been dreaming of can be financed up to 85%, on presentation of quotes and estimates.
Whether it’s a barn conversion, swimming pool , attic development or any other home improvement that you’re after, we’ll help your project get off the ground.
At Sextant French Mortgages we’re not just concerned by property investment, your personal projects interest us too! That’s why, if you’re already a homeowner in France, an Equity Release Mortgage, representing up to 70% of our estimated value of your property, can be the means of fulfilling the dream of a lifetime or simply giving yourself the financial possibility to bring a personal project to fruition.
Please note that the Equity Release mortgages are not available for self-employed.
This mortgage is not available to SCIs.
Please note also that Equity Release mortgages are not available if the funds are to be used for professional, commercial or speculative use.
Your project in 4 easy steps
Step 1 – Contact Sextant Mortgages
Whether you already have a property in the course of redemption or if you intend to finance one totally, you will be able to discuss your needs with one of our bilingual personal mortgage advisers and together develop your financial plan or find out exactly how much you want to raise. To do this, we will arrange to have your property valued as the Equity Release is calculated accordingly. Depending on the result of the valuation and the additional information that you have supplied, we will be able to give you a detailed quote as to how much you can borrow.
Step 2 – Appoint a notary
Appointing a notary is a necessary step in your project. As you are already a homeowner in France, you will certainly be familiar with the role of the notary and his responsibility for the drawing up of deeds of sale. Sextant Mortgages will be happy to provide you with details of English speaking notaries in France and if you cannot be present for the signature we will be happy to help you to sign a power of attorney.
Step 3 – Complete the mortgage application and life insurance forms
A simple process! Once these forms have been filled in, return them to your personal Sextant Mortgages adviser. You’ll also have to submit a certain number of other documents concerning personal details, income and any outstandings. Following acceptance of your application you will receive your Sextant French Mortgages loan offer of which a summary will have been sent to your notary. By law, you must wait at least 10 days before accepting the mortgage. However, be careful not to exceed a 30-day deadline after which Sextant French Mortgages won’t be obliged to maintain the financial conditions of the offer.
Step 4 – Completion – more than just a dream!
French law stipulates that the notary retains the original deeds of sale and you will be given an official copy.