Whether you are an expatriate or a non-resident, financing a property in France is entirely possible — but the process differs from that of a resident. Here is what changes and how to prepare for it.
A more limited banking market
Not all French banks lend to non-residents, and those that do apply stricter criteria: an often higher deposit (frequently 20 to 30%), enhanced scrutiny of income, and sometimes the requirement to hold part of your savings with them. The choice of lender is therefore decisive.
The documents that make the difference
Employment contracts and payslips (translated where necessary), tax notices from your country of residence, bank statements, and evidence of your savings and their origin: a complete, clear application significantly speeds up processing. Professional stability and regular income count as much as their amount.
Currency, taxation and structuring
Receiving your income in a currency other than the euro can lead to a discount applied by the bank, on account of currency risk. As for ownership, the property-holding company (SCI) is frequently used to organise the purchase and its transmission. Taxation, for its part, depends on the treaties signed between France and your country of residence: a discussion with a tax adviser is recommended before signing.
Everything can be handled remotely
Video conferencing, electronic signature, power of attorney before the notary: the entire process can take place without travelling. With a single point of contact, the time difference and the distance cease to be an obstacle.
- Fewer banks lend to non-residents; deposit often 20 to 30%.
- A complete, translated application speeds up processing.
- Currency risk and taxation: to be anticipated according to your country of residence.
- Financing and signing possible entirely at a distance.