Page 3 of 5

The type of property and it's condition is also an important consideration. Buying a property that needs some work doing to it is going to be less expensive, sometimes a lot less, and for many the thought of ‘Doing it up’ is exciting, but there are certain types of properties that are not acceptable for mortgage finance.

For mortgage finance the property should be classed as "habitable" meaning structurally sound and having the basic utilities of electricity, mains water and sewerage system, all conforming to the current regulations.

It is very difficult, if not impossible, to raise mortgage finance on buildings constructed of wood, or stone cabanons, derelict barns and properties with agricultural land, and some lenders will not accept properties that have been registered for commercial use such as gîtes and chambres d'hôtes (self-catering holiday accommodation and Bed & Breakfast businesses).

Buying to renovate or to build a new property demands careful pre-planning. Certain French building regulations are very different from other countries and permission has to be granted from the local mairie (Town Hall). Detailed applications must be completed for the Certificat d'urbanisme (that’s the certificate of town planning/urban development) which states what developments are allowable on the property and its land. And you will need the advice of an expert - an architect or surveyor.

If you are relying on mortgage finance for renovation works, then the works will have to be completed by tradesmen who are registered in France. Registered tradesmen have the correct insurances covering their work - it is the essential guarantee for the bank or lender.

Purchasing your property

Once you have found a property that is suitable and your offer has been accepted by the vendor, you will be required to sign

Login/Register to Embed this programme.