In France you can refinance up to 80% of the value of your French property with a minimum loan amount of 100,000 euros. Please note we are not able to offer remortgage for leaseback properties.

The first step is to have a local estate agent provide a conservative estimate for the resale value of your French property.

French banks require this to start your application.

Not all transaction costs can be financed as part of the new loan :

• Prepayment penalty on your existing loan - not more than six months interest on the amount repaid if applicable, not to exceed 3% of the oustanding capital - can be financed
• Notary costs - to register the change in the charge on your property title, about 1.5% of the new loan amount - usually cannot be financed
• Bank and broker fees - this will depend on your specific project and the bank chosen, plan on 1.5% of the new loan amount for estimation purposes - usually cannot be financed

Do note that even if the new mortgage payments are less than the previous payments, you must still financially qualify for the mortgage.