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					HOW YOUR FINANCE CONSULTANT WILL ASSIST YOU ... PAGE 1
This section provides information on the various services offered by the French
Mortgage Department and how you can make the most of them.


DETAILED DESCRIPTION OF HOW TO APPLY FOR A FRENCH
MORTGAGE WITH ASSETZ FINANCE ................................. PAGES 2-3

This section breaks down the process of applying for a French Mortgage or Re-
mortgage into 4 clear steps and details exactly how the French Mortgage Department
will assist you with each stage.


FEEDBACK FROM OUR PAST CLIENTS .............................. PAGES 4-5
To see what others thought of the French mortgage application process and the service
they received from Assetz Finance


ANSWERS TO FAQS ON FRENCH MORTGAGES                               ........... PAGES 6-15

Our Finance Consultants have pulled together all of their knowledge and expertise in
their specialist field in order to compile a list of frank, honest answers to FAQ’s on
French Mortgages.


APPENDICES:

  Documentation required to support your application ........... PAGES 16-20
  Mortgage documents check-list ........................................... PAGES 21-22
  Explanation of our fees ....................................................... PAGES 23-25
  The Assetz Finance Mortgage Fee Form ......................... PAGES 26-27
  The AF French mortgage Pre-Approval Form...................... PAGES 28-31
  The AF French re-mortgage Pre-Approval Form                           ......... PAGES 32-35
As soon as you call or email the French Mortgage Department you will be allocated your own
personal Finance Consultant who will be your one point of contact in the team. They will assist
you with choosing the smartest financial solution for your purchase or your re-mortgage.

 The Smartest Finance Solutions
We source mortgage packages from the widest panel of lenders available to non-resident
borrowers. With over 50 products to choose from – some tailored specifically for our clients – we
are sure to find the best mortgage deal for you. Our database of mortgage products is reviewed
daily with up to the minute information so that we can advise you on all the latest deals.

 Free, Impartial Advice from Trained Specialists
        Free educational information on French Mortgages
        Free Calculation of Budget and Affordability
        Free Mortgage Simulations tailored to your chosen property/budget

 Guaranteed Mortgage Offer
Once we have approved you for a French mortgage and selected all of the applicable products
for your particular type of purchase, requirements and circumstances we guarantee that we will
secure a mortgage product for you.

 Peace of mind that everything is taken care of
Your allocated Finance Consultant will assist you throughout the whole mortgage process from
establishing your budget and selecting the best deal for you through to arranging the transfer of
your mortgage funds to your notaire. You can relax in the knowledge that an experienced
mortgage advisor is with you every step of the way.

 We really have thought of everything…
If your estate agent does not offer any advice or support with your purchase, your Finance
Consultant can also offer our Purchase Assistance Service. All of our staff are experienced and
trained on the French buying process and can therefore provide all of the support and
information you will require to make your purchase hassle-free. They can also assist you with
selecting the right kind of property for your investment requirements and particularly mortgage
requirements as the property type can affect the mortgage product available.

 Your application has been refused elsewhere? Don’t worry…
If you have applied for a mortgage via another broker or directly to a lender and it has been
refused all is not lost. After much demand, we now offer a Mortgage Salvage Service. We can
apply to a number of French banks for you at the same time and speed up the applications in
order to make sure that you have secured a mortgage in time for the completion of your
property.

                                               -1-
Our services are available to clients buying/or re-financing any residential property in mainland
France.
Due to our reputation and volume of mortgage referrals, Assetz Finance can obtain the most
competitive rates and terms on the market. However, Assetz Finance is not a standard
mortgage broker, as our service does not simply end with sourcing the mortgage product. We
also assist each client throughout the whole of the mortgage application process from start to
finish AND we guarantee a mortgage offer.
We have put in place this very comprehensive and unique service based on our experience of
how best to assist non French residents in obtaining a French mortgage offer even if they do not
speak the language.


  Step 1: The Pre-Approval Form
The first step is to check that you meet the criteria set out by each lender. You may meet the
criteria of some lenders but not others and you will need to ascertain this as soon as possible in
order to avoid the lenders that would not be able to offer you a mortgage.
You also need to establish your budget. Where one lender may be happy to lend you 100,000€,
another may only allow a mortgage amount of 90,000€ and depending on the product they offer
you may well want to inject more cash into the investment in order to secure their particular
package.
This is just the kind of thing that your Finance Consultant can advise you on once you have
completed their Pre-Approval Form.
You can find a copy of this Pre-Approval Form on pages 28-31 (for purchases) and pages 32-35
(for re-mortgages).
We can also email you this form to speed up the process if you wish.
Once you have returned this form to frenchmortgages@assetz.co.uk, you will be allocated your
own personal Finance Consultant who will contact you to discuss your requirements further and
start selecting the best mortgage deals for your circumstances.
As we believe in realistic, honest advice we will only provide quotations once a Pre-Approval
Form has been submitted so that we can discus products which are directly relevant to your
requirements, circumstances or type of purchase.


  Step 2: The List of Mortgage Solutions
Once your Finance Consultant has analysed your Pre-Approval Form and established your
exact requirements they will email you a list of the mortgage deals available to you on your
intended purchase or re-mortgage.
Your Finance Consultant can carry out this analysis for you prior to a visit to France or selecting
a property so that you can establish your budget and choose a property accordingly.
Your Finance Consultant will answer all of your questions on these products and will discuss
them with you in order to help you choose the best mortgage package for your requirements.
                                                -2-
  Step 3: The Mortgage Application
Once you have chosen your preferred mortgage product, your Finance Consultant will work with
you to make an application to the appropriate bank. You will be provided with all of the
necessary forms and instructions. For the supporting documentation that you will need to
provide please see pages 16-22 of this Guide for a full list.
Instead of submitting these forms and supporting documentation directly to the bank, you will be
invited to send them to your Finance Consultant who will:
           compile them in the order preferred by the lender,
           annotate them (in French) in order to explain any elements of your application
           further,
           include a covering letter in French written on your behalf to make your application as
           clear as possible to the lender,
           take a copy of all documents to be used as a reference if the lender questions any of
           these papers,
           liaise with your accountant, employer or home bank for you in order to obtain
           references if required,
           present the file in its most favourable light,
           send them to the lender by FedEx express delivery to ensure that your documents
           are secure and are delivered with no delay (usually within 24 hours).
Our French Mortgage Specialists have years of experience of making applications and have
every angle covered for you.
(NB. Only once your Finance consultant has received all of the required paperwork can they
make the application for you.)


  Step 4: The Follow up of the application and miscellaneous
tasks
Your Finance consultant will liaise with your chosen bank to find out their decision as swiftly as
possible or to provide them with any further information or documentation in order to continue
processing your application.
They will also speed up the processing of your application if necessary.
Once your mortgage has been accepted and your offer has been sent out to you, your Finance
consultant will:
           Put you in contact with your bilingual relationship manager at the bank
           in order for you to discuss their offer,
           Help you to set up a French bank account (it is compulsory that your French
           mortgage payments are paid from a French current account),
           Help you to set up the compulsory French life insurance policy or a UK life insurance
           policy if allowed,
           Indicate when and how to transfer funds into your French current account,
           Enable you to continue a satisfactory relationship with your lender by providing you
           with their Customer Service contact details.




                                               -3-
To get an idea of what the French mortgage process is like and to hear from other individuals
who have completed this process with the help of Assetz Finance we have given below a variety
of the different comments that we have received from past clients.
If you would like to see the feedback form in its full format or would like to speak to one of our
past clients we would be more than happy to organise this for you.

           Delphine was very helpful indeed and we were able to contact her almost any time.
           Veronica and David Steven, Downfield, 29/01/08

           The best thing about the Assetz Finance service was the speed at which they
           moved, and how quickly they responded to my queries.
           Guy Sizer, West Sussex, 30/01/08

           Quite simply, we could not have purchased a property in France without the support
           from Assetz Finance.
           Rob Jones, Northwich, 01/02/08

           We've been more than happy with your service - the fee is money well spent and
           represents excellent value.
           Iain Crane, Surrey, 01/02/08

           The service was excellent.
           Guy Sizer, West Sussex, 30/01/08

           All of the finance arrangements made for us were very much appreciated,
           particularly the opening of the French Bank Account and of course the mortgage,
           which of course we would never have managed ourselves. Money very well spent.
           Veronica and David Steven, Downfield, 29/01/08

           Great service from your team, and yes the process was much more complex than I
           thought!
           Greg Grimshaw, Dorset, 29/01/08

           It was all handled so efficiently that the process seemed quite quick and painless
           (after having contacted other brokers prior to contacting you).
           Alison Reid, Middlewich, 28/12/07

           We went with the offer through Assetz because it was a slightly better deal over the
           length of the mortgage.
           Guy Sizer, West Sussex, 30/01/08

           Everything appeared to be covered thoroughly, and I have already recommended
           your service to a French friend of mine who lives over here. You were all so friendly
           and helpful.
           Simon Wilkinson, Bedfordshire, 19/12/07




                                                     -4-
I would certainly give you all glowing references. I think your service and knowledge
has been excellent and I would definitely recommend Assetz Finance to anybody
who was contemplating overseas property.
Tim Cotterill, West Midlands, 19/12/07

The whole team at Assetz does a great job & we’re really pleased with the service
we’ve received.
Charlotte Wilson, Guernsey, 16/07/07

Your team was always very much on the ball. I have since pulled out of 2 other
developments with 2 different companies, because neither could answer simple
finance questions - so you are setting a standard, and your competitors are no
where near.
Greg Grimshaw, Dorset, 29/01/08




                                         -5-
A FAQ section with a difference!
This section exposes any potential pitfalls, addresses misconceptions that have developed in
the industry due to false advertising and gives a truthful account of everything you should be
aware of before embarking on a French mortgage application.
If you have not already been following the specialist articles written by our Overseas Mortgage
Manager, Katy Hepworth, and published in French Property News magazine each month we
can also provide you with a copy of these articles that will also help you in understanding the
system better or you can read them on our website.
Assetz Finance does not work exclusively with one lender; in fact we have a panel of over 15
lenders for our clients to choose between, and can therefore offer completely impartial advice.
Our advice is based on our years of experience in the market and our sound knowledge of the
lenders and their underwriting policies. We want you to make the most of our contacts and
experience in order to secure the best mortgage deal for your purchase or re-mortgage and this
FAQ section is just one way for us to pass on this information to you.

         Can I actually afford a French mortgage?
All you need to do is complete step 1 (as outlined on page 2 and which is free of charge) of the
Assetz Finance mortgage service to find this out.

        What if I don’t meet the criteria set by the French banks with regards
to affordability?
If you are borderline or don’t quite meet the criteria set for the product that you prefer we will
advise you of this and will warn you that we will need to make a very strong and complete
application to the lender and then do our best to use our influence with our lenders to convince
them to authorise your application. If we think that it is unlikely that they will authorise your
application we will encourage you to apply to a different lender as well or instead so that you
have a back-up plan. However, in all likelihood we should be able to use our close relationship
with the lenders to persuade them to accept your file and offer terms and conditions that are the
closest to those you desire.
If we can see from your financial situation that it would be highly unlikely, if not impossible, for a
French lender to offer you a mortgage we will advise you of this straight away so that you can
organise the necessary alternative arrangements for purchasing your property. We can also
assist you explore other alternatives such as a re-mortgage of another property located in
Europe or a secured loan using other teams within Assetz Finance.




                                                 -6-
        But wouldn’t it be simpler to just take a loan with my own home
bank?
Quite honestly, yes perhaps! Your home bank speaks your language and you are used to their
procedures. Some purchasers of French property do find that this is the best route for them and
in some cases may be their only route if their circumstances do not allow a French mortgage.
Assetz Finance is here to listen to your requirements and to help you choose the best method of
financing your property purchase. If you would like to explore all of your re-mortgage options on
UK property we can also assist you with this.
Once you have established that French finance is the best route for your purchase, your French
Finance Consultant can ensure that you understand the procedures used by French lenders
and have all of the bilingual assistance you need. It would be such a shame to miss out on the
low interest rates available in France. With Assetz Finance assisting you throughout the whole
process, you won’t have to and applying for a French mortgage won’t be as daunting or as
difficult as it may seem at first.
We have found that it is only if purchasers of French property attempt to secure such a
mortgage with a French lender without the help of a bilingual expert that it may become more
complicated than if they had applied for a UK mortgage.

       How long is it all going to take? Will it slow down my purchase if I
have to apply for a French mortgage?
Applying for a French mortgage should never affect the date at which you can sign the title
deeds to your property. At Assetz Finance, we are fully aware of the timeframe and deadlines of
the purchase process and can liaise with the agent that you are using in order to make sure we
keep to these deadlines.
Once you have signed a reservation contract (for an off-plan property) or a compromis de vente
(for a re-sale property) you will normally have two weeks to a month during which, under the
mortgage clause, you should apply for your mortgage. We will ensure that this timeframe is
manageable for you.
As long as you provide all of the supporting documentation and forms to your Finance
Consultant when they require them there is no reason why applying for a French mortgage
would slow down your purchase.

       Wouldn’t I be better off applying to the French bank myself or going
to another mortgage broker who does not charge a fee?
Assetz Finance knows that its service speaks for itself and more than justifies the fee charged.
The comments that we have received from past clients have confirmed this to us time and time
again (see pages 4-5).
As far as we are aware, the service offered by Assetz Finance is the only GUARANTEED
Mortgage Offer Service of its kind bearing in mind all of the assistance that it includes.
If you were to go to the French bank directly you would not be able to benefit from the rapport
that we have built up with our lenders that enables us to speed up applications and negotiate
any problems. Nor would you benefit from the range of products that we can offer you via our
large panel and the cap that they specially put on Assetz Finance clients arrangement fee. As
we have experience in applying for French mortgages, we know exactly how it works, how to
put forward the best application to the bank on your behalf and how to guarantee that the bank
give you the best offer possible.



                                               -7-
         But couldn’t I find a better deal at a bank that you do not use?
Over the years we have researched the mortgage packages offered by all of the French banks
that offer mortgages to non-French residents and the only reason that we do not normally work
with certain lenders is that we have found that their packages are not best tailored to our clients,
they may take longer to process an application and do not always offer the high level of service
available with others. However, in all likelihood we will actually have access to their products if
you are convinced that their package is the best for you.

         What can’t you do for me?
Unfortunately, we cannot of course compile all of the paperwork for you. We do rely on you
providing us with all your documents and completing the application form.

We also cannot control the mortgage products of the banks or any changes to them. If the
lender decides to change their rates or conditions during the time that they are processing your
application we cannot stop them from offering you a mortgage that differs from the mortgage we
proposed. However, we do put you in touch with your bilingual relationship manager at the bank
so that you can discuss the mortgage package that they have offered you in order to establish if
it differs from our proposal, and if it still meets your requirements.

We are sure that you appreciate that it is normal that, as a mortgage service, we do not assist
with the above two points.

We are sure that you will agree that our service is extremely comprehensive and provides you
with everything you need. We are however honest and therefore we do not promise you that we
can do these above two points when in fact it is impossible for a mortgage broker to do so.

         And what if the worst happens and I am refused a French mortgage?
You won’t be if you have followed our steps and advice – you must make sure that your Finance
Consultant is aware of your FULL circumstances (all loans, mortgages, debts, overdrafts, credit
cards, any intended change in your employment contract, any other intended changes to your
circumstances...) at the very start of the process so that they can make sure that you do not
proceed with an application that would not be successful.
If you have attempted a mortgage application via another broker or directly to a lender and it
has not been successful you can of course use our Mortgage Salvage Service. For more details
on this please see page 1.

         How exactly does the mortgage process work in France?
The mortgage process in France is quite different to that in the UK, Ireland, America or Canada
but Assetz Finance will guide you through the entire process, so there is no need to worry. Here
is an introduction to what you can expect, and how we can simplify the process for you.
In France, you cannot apply for a mortgage until you have reserved a property (ie until you have
paid your initial deposit and signed your preliminary contracts). However some lenders will be
able to offer a decision in principle using the pre-approval form you have completed. This is
particularly useful if we find your situation to be borderline and would prefer to give you a
decision from a lender in order to reassure you and therefore allow you to reserve/put in an offer
on a property. Once this is done the mortgage application can be prepared and sent to the
chosen French bank for processing. The lender will normally take 2-4 weeks to process your
application. If the application is not complete the file will be put on “stand-by” until the missing
documents are provided to the lender and only once the lender receives a full application will
this 2-4 week timeframe apply.
                                                -8-
Once your application is accepted and your mortgage offer is sent to you, your Finance
Consultant will help you understand your offer and guide you on how to accept the offer under
French law. Once you have accepted and returned your mortgage offer to the lender, your
Finance Consultant can then assist you with setting up the obligatory French bank account and
finalise setting up the obligatory French life insurance policy or when applicable the UK life
insurance policy that is sometimes permitted.
Once your lender receives your accepted offer they will send it on to the notaire in charge of
your purchase so that he is aware that you are ready to finalise your purchase. Your Finance
Consultant, as they are fully trained on the French buying process, will also be able to provide
you with their Purchase Assistance Service and therefore assist and advise you on how to
complete your purchase once the mortgage has been set up.

        How does the re-mortgage process work?
   1. Releasing equity from an unencumbered property
If you have bought a property in the past using cash savings, you have the opportunity to
release equity from this property to use as a deposit for another purchase, to pay for renovation
costs of your property in France or back home, or for another reason.
If the property you purchased was an off plan property and you used cash for the first few stage
payments, it will be possible to organize a mortgage to pay for the remaining stages.
You will need to appoint a notaire for this – we can recommend several to you if you require.
The packages available from the lenders that offer re-mortgages of un-encumbered and
mortgaged properties do sometimes vary from standard purchase mortgages and your Finance
Consultant will be able to advise you on this. In general, the amount of loan that will be offered
to you will be up to 70-80% LTV and the lending criteria (income multiples and “debt ratio”) will
be the same as for a standard purchase mortgage.


   2. Re-mortgaging a mortgaged property
If you have bought a property in the past using a French mortgage and would like to re-
mortgage onto a better deal whilst either releasing some of the equity – if the property has
increased in value – or not, we can also assist you.
Most lenders require the borrower to have a reason for requiring the cash that will be released
from the French property. And they may even require proof of what you intend to do with the
funds. The funds will be transferred from the lender to your notaire. The notaire will then pay the
mortgage registration costs (it is compulsory for all mortgages to be registered at the Bureau
des Hypothèques which incurs a charge) and then he will transfer the money on to its
destination.
If you do not have a reason as such for releasing the cash you will still be able to do so however
the range of products available to you will vary slightly.
Re-mortgaging in France could in itself provide enough content for a completely separate Guide
and therefore for more information please ask to speak to your finance consultant.




                                                -9-
        How do I calculate how much I can borrow?
Some lenders will restrict your borrowing capacity to a maximum of 4 times your annual salary,
much like UK lenders. However in addition to income multiples, French lenders use a second
form of screening called Debt Ratio.
This ratio calculation cannot exceed 33% with most French lenders. Some French lenders are
able to use a debt ratio of 40-45% maximum. This means that your monthly payments for the
prospective French mortgage, plus all of your current monthly contractual financial outgoings
should not exceed 33%/40/45% of your monthly income depending on the lender. By
contractual financial outgoings we mean debt servicing, so mortgage/rent, any car loan, bank
loan, HP loan, child maintenance payments etc. By income we mean all employment income,
pension income and a certain percentage of investment income and rental income (both present
and future). Some lenders are unable to take into account any investment income that is made
off shore and therefore does not appear on tax declarations. Some lenders use net income
rather than gross and we will take this into account when calculating your affordability with each
lender.
We are often asked why French banks don’t take into account the full amount of current rental
income and future rental income from the property being purchased. This is because your
current rental income and future rental income may not be guaranteed and even if it is
guaranteed, it is guaranteed to be paid to you, and not guaranteed to pay your mortgage. In a
time of financial difficulty the bank fear that you may use your guaranteed rental income to pay
for your daily living costs rather than the mortgage you have with them.
If you would like to have a go at calculating your own debt ratio we have given a summary of the
calculation below. However, please be aware that each lender calculates it slightly differently
and each lender is flexible in different areas so it is highly ill-advised to base your mortgage
application success on your own calculations – you should check them against the calculations
carried out by a specialist Finance Consultant.
In its simplest form, if you earn £3000 gross per month, and your only outgoing is a mortgage of
£500.
3000 X 0.33 = 990 (one third of your gross monthly income)
990 – 500 = 490 (gross monthly income minus monthly outgoings)
Therefore, you could afford a French mortgage with monthly payments of £490 with most
lenders or….
3000 X 0.4 = 1200 (two fifths of your gross monthly income)
1200 – 500 = 700 (gross monthly income minus monthly outgoings)
Therefore, you could afford a French mortgage with monthly payments of £700 with some
lenders.
Figures given in your application for your gross income must be supported by the applicable
documents (for example, self employed borrowers must show their income via tax returns and
company accounts. Bonuses and dividends are taken into account if they can be proven over at
least the last two consecutive years). Pension income can be taken into account again as long
as paperwork is provided. If you own buy to let properties, then we will need to see proof of
rental income (lease contract, rent receipts, payment of rental income into a bank account) in
order to take it into account.
Each borrower’s personal situation varies and the debt ratio calculation therefore does not apply
to the letter for all purchasers of French property.



                                               - 10 -
        Is there a deadline to meet when applying for a French mortgage?
It is usually stipulated in the preliminary contract that the mortgage application should be
submitted to the bank between 15 and 30 days of signing this contract. Furthermore, the
mortgage must be in place (ie funds ready to be released to the notaire) before the signature of
the title deeds of the property (usually between 2-6 months following reservation depending on
what type of property you are purchasing). For the purchase of an off-plan property, as soon as
your notaire has “notified” you of the act of sale (ie as soon as he has written to you to inform
you that the title deeds are ready to be signed) you will be allowed 30 days to finalise your
mortgage and have the funds in place. Therefore it is best to begin the mortgage application
process as soon after signing the preliminary contract as possible (being a condition of the
validity of the mortgage clause).
Your Finance Consultant will be fully aware of the timeline and deadlines of the purchase
process and can liaise with the Agent that you are using in order to make sure you keep to
these deadlines.
As long as you provide all of the supporting documentation and forms to your Finance
Consultant when requested you will easily meet these deadlines.
Missing or inaccurate paperwork will however slow down the application process dramatically.

        How will I pay my mortgage?
Most French mortgages are paid monthly. Each month you will pay direct debit payments to the
lender from your French bank account (which we help you set up). You should also tell your
management company or lettings agency if you have one to pay your rental income for the
property into this same bank account. We can calculate approximate monthly repayment
amounts for you for the different mortgage products available to you to give you an idea of your
outlay each month.




                                              - 11 -
        What costs are involved with a French mortgage?
The lender’s mortgage set-up fee
The bank charges a one off arrangement fee for arranging the mortgage for you. The standard
rate in France is 1% of the capital borrowed. However, Assetz Finance has negotiated this fee
for our clients with most of the lenders we work with.
One or two lenders will add the mortgage set up fee to the mortgage amount like UK lenders,
please ask your finance consultant for more details.
Running the mortgage
Following this, each month you will pay direct debit payments to the lender (which will be set up
automatically for you) of your monthly mortgage payment including the cost of life insurance
cover if applicable.
If you have a “grace period” at the beginning of your mortgage because you are buying an off
plan property, you will not have to pay these monthly mortgage payments straight away as they
are deferred until completion of the property. You may not even need to pay the life insurance
premiums if a French policy has been arranged for you however this will depend on the lender.
The Assetz Finance Fee
All of our advice, assistance and simulations are free of charge. Only once you have decided
that you would like to apply for a French mortgage using our services would we charge our fee.
And of course we would also only charge our fee and go-ahead with a mortgage application for
you if we have pre-approved you for a product that you like and therefore we can guarantee you
the mortgage offer you want.
If your mortgage application is not accepted, you will of course receive a FULL refund of this
fee.
To our knowledge, there is no other company in the market offering as comprehensive a service
as Assetz Finance without charging a fee of some type. This is because the commissions
received by brokers from French lenders are very minimal and cannot cover all the time and
resources required in order to be able to offer the type of high level of service that we do. Our
non-charging competitors are subsequently unable to offer the amount of time and assistance
that our services involve. In comparison to other overseas mortgage brokers that charge a fee,
we have found that Assetz Finance consistently charges less.
The mortgage fee is of course non refundable if your mortgage application was unsuccessful
because you omitted to provide us with all the information we required for the pre-approval or
you did not provide all of the supporting documentation requested. It is also non refundable if
the mortgage product that the lender offers you varies from that applied for due to a change in
product terms and conditions by the lender (this is unfortunately out of the control of Assetz
Finance).
The conveyancing costs
Please see our Guide to Buying in France for more details about the conveyancing costs when
buying a French property and arranging a mortgage in France.




                                              - 12 -
         How do off-plan property mortgages work?
If you are buying an off-plan development, a “grace period” (or deferred period) can be drawn
into your mortgage offer which is a period of between 3 months and 3 years during which you
do not have to repay the loan whilst you are waiting for the property to be completed. This is
particularly beneficial to investors as you do not have to worry about paying mortgage payments
for a property that is not yet giving a return.
Most lenders will just require that the life insurance premiums are paid for each month during
this deferral period. Some lenders will also defer life insurance premiums.
For off-plan properties that are paid in stages, funds are drawn down from the mortgage only as
they are needed and the interest is cumulated. During the deferral period this interest is rolled
up and added to the original mortgage amount. This will mean however that the monthly
payment once the mortgage payments start will be slightly higher than first calculated.
Some banks make a small charge each month for releasing the funds in this way. These costs
are normally low and are calculated on the basis of the diminishing balance.

         Do I need to travel to France or to come to your office to arrange a
         mortgage?
With most lenders we can arrange everything for you over the phone or by email as long as you
are able to provide all of the necessary paperwork to support your application by post to our UK
based office. However we do also work with 2 lenders who need to meet you in person and sign
the mortgage offer in their offices. These lenders are clearly labelled in the illustrations.

         Can my Finance Consultant help set up the compulsory French Life
         insurance and French bank account?
Of course!
A French bank account, (from which your mortgage payments will be taken, and if you are
buying a leaseback or buy-to-let property, to where you will receive your rental income) is
compulsory to service the mortgage.
Some lenders will automatically arrange an account for you along with the mortgage, and
indeed it is compulsory to use their current account to service the mortgage. Other lenders do
not offer banking facilities and therefore borrowers are required to arrange their own current
account. Assetz Finance works with a number of French banks who can arrange French current
accounts for non-French residents and will assist you with this.
You should also be aware of the costs involved in running a current account in France as all
French banks charge an administrative fee (normally every quarter) much like a premium
account charge in the UK however this applies to all account types in France. They also charge
for credit and debit cards and other services. Your Finance Consultant will provide information
to you about these costs.
A French life insurance policy is obligatory with the majority of lenders and in fact they also
impose the policy with the insurance company of their choice. You should factor in the cost of
this life insurance policy, if it is indeed compulsory, into the global cost of the mortgage product
to assess whether the mortgage deal is still the best mortgage product for you. The average
cost (assuming good health, no medical conditions at all and that the borrower is under 55 years
of age) of the life insurance premiums is given on all Assetz Finance personalised mortgage
illustrations to help you with this.
French banks are unable to insure non-residents for anything other than death (you are not
covered against disability or loss of employment for example). You may have to carry out
medical examinations with your doctor to send to the life insurance company if you are applying
                                                - 13 -
for a mortgage of over a certain amount, if you are over a certain age or if you have a certain
medical condition.
Other lenders allow UK purchasers to arrange a UK life insurance policy of their choice (within
certain conditions) with their UK mortgage and insurance broker instead. This life insurance
policy must be arranged in a certain way and must be assigned to the French lender and
therefore you will need the Assetz Finance UK Insurance team to assist you with this if
applicable.

        Is there a maximum number of applicants allowed?
Each purchaser named on the reservation contract or compromis de vente must be included on
the mortgage application form and supporting paperwork must be provided for each purchaser.
The bank has the final say on the maximum number of applicants allowed. If there are more
than 4 applicants, the bank will decide if there is a real connection between those people and if
the risk is acceptable.
If you are purchasing a property with family members the bank will normally use the joint income
of the purchasers to calculate affordability. However, if you are purchasing with friends,
partners, each individual purchaser needs to prove to the lender that they can afford the
monthly repayments independently.

        Could we purchase via a French or UK company?
If a French company, such as an SCI or SARL, is purchasing the property, the mortgage
application must :
        be made in the name of the SCI/SARL
        include certain documents regarding the company
        include full supporting documentation regarding each shareholder of the SCI/SARL and
these shareholders will act as guarantors to the loan.
A UK limited company is not currently permitted to make a French mortgage application and
must therefore finance the purchase via UK based finance solutions. Please ask to speak to our
UK mortgage department for more information on the solutions available.

        Can my partner, who is unemployed, apply with me?
If you are both purchasing the property, you both MUST be included on the mortgage
application form. As long as there are no serious past credit issues, a non-earner can apply
jointly with an earning applicant.
The bank will decide how best to insure the applicants in this situation (normally they will only
insure the earning applicant).
All of the necessary documentation requested by the bank will have to be provided by both
applicants irrespective of whether they are employed or not (although the unemployed borrower
will obviously not provide any current pay slips).




If you have a question that is not addressed above, please do not hesitate to contact us directly
to speak to one of our experienced French Finance Specialists on:
0845 400 8000.



                                              - 14 -
One last thing to bear in mind….

PLEASE THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
OR NEW DEBTS AGAINST YOUR FOREIGN PROPERTIES. YOUR PROPERTY MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BE
SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT
AGREEMENT. THE FIGURES QUOTED IN THIS GUIDE ARE BELIEVED TO BE CORRECT
AT THE TIME OF ISSUE, AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. ANY
QUOTATION SUPPLIED IS NOT AN OFFER OF A MORTGAGE. THE STERLING
EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE MAY BE
INCREASED BY EXCHANGE RATE MOVEMENTS.




The following sections of this Guide include the information, forms and documents that you
need in order to proceed with an application using our services…

                                           - 15 -
French lenders are keen to work with our Mortgage Department because of the way that we
organise our clients’ applications and the way that we ensure that our clients submit full, clear
and therefore very strong applications. We do not submit half hearted applications that will
automatically be refused by every lender and will waste everyone’s time. Our reputation is
based on our ability to explain to clients exactly what they must provide within a French
Mortgage Application and assisting them with providing these documents and then presenting
them in a professional manner to our lenders.
The mortgage application will be treated quickly and easily if you can provide all of the
necessary documentation. You will delay your application considerably if you do not provide
these documents. It is best if you can send in the post to our offices, all of the documentation at
the same time. However, if you require us to call your accountant and ask him to send the
documents we require from them separately we can of course do so.
We are also available to you if you need us to:
      call your HR department for any necessary documentation (if your HR department only
      provides references directly to the institutes requiring them rather than to yourself for
      example)
      contact and fax our request for a status enquiry to your home bank if they only provide
      references directly to the institute that requires them.
If you can think of anything else that we could do to help you get ALL of the necessary
documents together please let us know. Our goal is to make sure we up hold our reputation for
excellent, comprehensive mortgage applications in order to make sure all our clients receive the
best possible mortgage offer.
If there is one document that you are still waiting for from your home bank, employer, tax office,
accountant… we may be able to submit your application without it explaining to the lender that it
is on its way and we will forward it on asap.
Please communicate any concerns you may have with the above to your Finance Consultant as
soon as possible so that they can clear up any queries and reassure you that 100’s of borrowers
have succeeded in compiling this documentation before you thanks to our assistance and it will
be no different for yourself.
Please urgently speak to your Finance Consultant if you do not have any of the below
documentation. For example, for applicants who work in certain countries where you are not
obliged to pay income tax, you will not have a P60 or tax return equivalent. This does not need
to be a problem, we simply need to be aware of the situation.


                   PLEASE ONLY PROVIDE COPIES UNLESS SPECIFIED.

             MOST LENDERS WILL ACCEPT COPIES OF MOST DOCUMENTS.

   YOUR NAME MUST CLEARLY SHOW ON ALL DOCUMENTS: LENDERS WILL NOT
  ACCEPT P60’S, PAYSLIPS, BANK STATEMENTS ETC THAT DO NOT INCLUDE YOUR
                                  NAME.

                                                  - 16 -
1.       Personal details
         Copy of all borrowers’ passports
         Copy of birth certificate
         Copy of marriage certificate if applicable
         Copy of divorce agreement if applicable
         Proof of home address (utility bill)

2.       Property details
     a) For a property purchase
         Copy of the signed preliminary purchase agreement
         (This is either referred to as a “Contrat préliminaire” or ”Contrat de Réservation” or “Contrat
         VEFA” or “Compromis de Vente or “Promesse de Vente” depending on what type of property
         you are purchasing.)
         Copy of the signed lease (if a leaseback property).

     b) For a re-mortgage
         Copy of the title deeds if you are applying for a re-mortgage
         Quotes for any proposed renovation
         If you plan to refurbish your property and would like to mortgage the costs you must research
         into the cost of such refurbishment and provide quotations for the work. Later, you must
         provide invoices to the bank for the work once it is completed and funds will only be released
         from the mortgage to pay for the renovation once these invoices are received by the lender.

     c) If you are building your own property
         Compromis de vente or title deeds for the piece of land you intend to build on
         Architect or builder’s contract
         Building permit
         Cahier des charges (ie scope of work)


3.       INCOME – Employment
For employed borrowers

         Copy of your last 3 months consecutive payslips
         Copy of your last 2 years P60’s
         A letter from your employer stating your salary, commissions, benefits (if applicable –
         ie to explain that your employer pays your rent and bills and that is why you do not
         have a utility bill) full job title, date employment commenced. You must provide the
         original letter and not a copy.

For self-employed borrowers

         Copy of at least the last 2 consecutive tax returns for UK borrowers
         Copy of at least the last 2 consecutive Tax Form 11’s for Irish borrowers
         Copy of at least the last 2 consecutive Tax declarations for US borrowers
         If it’s as easy for you to provide 3 tax returns/declarations as it is to provide 2, we recommend
         that you provide 3 as this would help your application, especially if your debt ratio is
         “borderline”.

                                                 - 17 -
          Copy of the last 3 consecutive years profit and loss accounts for your company/self
          employed activity.
          An official letter from your accountant stating your personal income from your
          company for the past 3 consecutive years. You must provide the original letter and
          not a copy.

Contracted work

          Copy of the last 3 consecutive tax returns/ Tax Form 11/tax declaration.
          An official letter from your agency(ies) stating your personal income from your
          contracted activity for the past 3 consecutive years. You must provide the original
          letter and not a copy.
          Copy of past, current, future contracts

IF YOU DO NOT FALL INTO ONE OF THE ABOVE CATEGORIES OR CANNOT PROVIDE
THE ABOVE DOCUMENTATION DESPITE THE FACT THAT YOU ARE EMPLOYED IN ONE
FORM OR ANOTHER PLEASE LET YOUR FINANCE CONSULTANT KNOW STRAIGHT
AWAY.

4.        INCOME – pension
If you are no longer employed, but receiving a pension, you will need to provide an annual
pension statement clearly showing how much you receive each month and for how long you will
be receiving this amount.
You will also need to provide the last 2/3 tax returns/declarations/inland revenue document
showing this income.

5.        INCOME – investments/assets
If you make a regular income from investments and assets, you will need to provide a letter from
the financial institutes that you hold these investments with confirming how much you have
earned from these investments each year for the past 3 years.
You will also need to provide the last 2/3 tax returns/declarations showing this income.
If you have not held these investments for 3 years the lender may not be able to take them into
account. If these investments are held offshore and therefore do not appear on your tax
declarations the lender may not be able to take them into account.

6.        INCOME – rental income
If you make a regular income from the rental of properties, you will need to provide the lease or
tenancy agreement for each rented property clearly showing the amount of rent you receive
from each property.
If you own a large number of buy-to-let properties and want to avoid having to produce the lease
agreement for each and every property you can provide us with your tax returns for the last 3
consecutives years showing this income.
If this is not possible we could look into other possibilities such as a letter from your
management company confirming the address of the properties owned and the amount of rental
income received for each property. This would need to be an original letter and not a copy.
THE LENDERS CAN ONLY TAKE INTO ACCOUNT THE INCOME THAT YOU ARE ABLE TO
PROVE WITH THE DOCUMENTATION AS OUTLINED ABOVE. If you receive any other
income that you do not have the above documentation for, let your Finance Consultant know
and they will be able to assist you in finding a document that would be sufficient to the lender.

                                               - 18 -
7.        OUTGOINGS
          Copy of the last 3 months bank statements, for each borrower, for ALL accounts held.

These must be full, consecutive months, any missing weeks or months will mean the application
will be less successful. The lender will be using these statements to check that your income is
being paid in regularly and to see what debts, mortgages etc you are paying out each month.
If the bank notices a transfer to another account, they will ask you to provide the last 3 months
bank statements for that other account if they have not been provided.
If the bank notices a regular payment out each month that is not mentioned on your application
form, they may ask what this amount is for.
If the bank notices any large transfers in or out of your account they may ask what these
correspond to.
It is best to annotate your bank statements in pencil if there are any large sums, regular
payments, transfers to other accounts that are not given on the application form or included in
your supporting documentation for any reason (for example money that you give to a family
member each month to help them out or child education / care costs that are paid regularly or
child maintenance payments).

          Mortgage Statements
If you have a/several mortgage(s) you must provide a copy of one full annual or monthly
mortgage statement for each mortgage which clearly gives: how much you pay each month,
how much of the mortgage is still to be paid off and the date of expiry of the mortgage.


          Rental Agreements
If you are not a home owner you must provide a copy of your rental agreement or a letter from
the person who pays your rent/allows you to live with them for free or a letter from your
employer confirming that they pay your rent. These letters should be originals and not copies.


          Loan/Credit Card statements
If you have any loans (car loans, bank loans, HP loans, other finance, credit card with balances
outstanding), you must provide a copy of either the loan policy, the most recent annual
statement or monthly statement giving: how much the loan is for, how much you pay each
month and when the loan expires.



8.        ASSETS

          Proof of personal contribution – THIS IS ABSOLUTELY ESSENTIAL
You must be able to provide proof that you have the funds available to you to pay for the part of
the property that you are financing.
You need to provide a copy of your bank account / savings account/ ISA account / Bond
statement clearly showing at least enough to cover your contribution.
The larger the amount of funds that you have available to you in various savings / investment
accounts that you can prove (ie if you provide statements showing that you have much more


                                              - 19 -
than you actually need) this will of course make your application stronger. This will especially
help if your debt ratio is “borderline”.
If you intend to release funds from your company, your accountant must confirm in an official
letter that these funds are legally available to you.
If you intend to take a loan from your country of origin to pay for your personal contribution to
your property you must speak to your Finance Consultant about this as this must not affect your
“Debt Ratio”.
           Land Registry Documents
If you do not have a mortgage, but own properties out-right, you must provide us with a copy of
the Land Registry documents proving ownership of these properties. If this proves difficult for
you, we will be able to obtain it for you.
Any properties that can be proven to be owned out-right will make your application stronger.
This will especially help if your debt ratio is “borderline”.
           Any other official documentation regarding assets that you hold that we have not
           considered.
If you can prove that you hold other assets (using official documentation accepted by French
lenders) this will make your application stronger. This will especially help if your debt ratio is
“borderline”. Please do not hesitate to contact your Finance Consultant in order to clarify what
documents would be accepted by the lenders.



9.         REFERENCES
Some banks require a recommendation letter from your home bank – please ask your Finance
Consultant if this is the case with your intended lender
This reference letter should state for how long you have been banking with them, that you have
always paid mortgage repayments and loans on time if applicable and that you are trustworthy.
Most banks will have their own wording that they will use. That is fine.
If your bank will not provide you with a reference directly then please include their contact
details as the French bank will ask them directly. Or Assetz Finance may be able to contact your
home bank and request the reference as long as you have given us their contact details and
have given your home bank permission to disclose the letter to us.



10.        ADDITIONAL DOCUMENTS FOR AN SCI/SARL
           Extrait K-bis (company registration document)
           Les Status (articles and memorandum of association)
           RIB for your French Current Account open in the name of your SCI / SARL


The above list is comprehensive for the majority of applications. If you provide all of the above
documentation relevant to your situation then it is highly unlikely that a French bank would request any
further information.
Of course if the lender notices any payments on your bank statements (that could correspond to rental
income paid to you, a mortgage, a loan, child maintenance payments etc..) they will revert back to us to ask
for clarification on what these amounts are and perhaps some extra proof.




                                                    - 20 -
    TYPE OF
                                                                    Tick
 INFORMATION                   DOCUMENTATION
                                                                    here
   REQUIRED
                   Passport (certified true copy of the original)

   Personal                    Marriage Certificate


                                Divorce Certificate
    Details

                                       Utility Bill


                        Preliminary Contract or Title deeds
   Property                     Lease Agreement

    Details                 Quotes for building work


 Income from                  Last 3 month payslips


 Employment                     Last 2 years P60’s


                              Letter from Employer
 if applicable

  Income from           At least 2 tax returns/declarations


Self-employment     Last 3 company profit and loss accounts


                             Letter from Accountant
  if applicable

  Income from            Last 3 tax returns/declarations
Contractual Work            Copy of current contracts
  if applicable
                               Letter from agency

                              - 21 -
Income from Pension             Annual or monthly statement
     if retired
                              Last 2/3 tax returns/declarations

   Income from                  Letter from financial institutes
investments/assets
                                Last 2/3 tax returns/declarations
   if applicable
                                    Tenancy agreements
    Investment
                                    Mortgage statements
    properties
                              Last 2/3 tax returns/declarations

                      Last 3 months bank statements for every account

                       Mortgage statements for your main residence
    Outgoings
                           Rental Agreements if you are a tenant

                        Loan (car, personal, short term, etc) and Credit
                                       Card statements

                       Personal contribution proof (balance of savings
                                          account)
     Assets
                          Statements of other savings/investments

                                  Land registry documents
                            (if property owned without mortgage)

  Bank reference         Your home bank may need to provide this

      French           French Current Account RIB (if you do not have
   bank account        one in place already, we will help you set one up
                      once your mortgage application has gone through).

    Documents                            Extrait K-bis

   for SCI/SARL                              Les Status

    application             RIB for your French Current Account
                           Open in the name of your SCI / SARL




                                    - 22 -
Once you have decided to use one or several of the services offered by the French Mortgage
Department, you will need to know how much it is going to cost….




Once you have decided to make a mortgage/re-mortgage application with the assistance of
Assetz Finance, you will be required to complete and submit the Mortgage Fee Form (on page
26-27 of this Guide) to your Finance Consultant. Only then are they authorised to work on your
application and charge their fee and send you the relevant application forms.


To our knowledge, there is no other company in the market offering as comprehensive a service
as Assetz Finance without charging a fee of some type. This is because the commissions
received by brokers from French lenders are very minimal and cannot cover all the time and
resources required in order to be able to offer the type of high level, independent service that we
do. Our non-charging competitors are subsequently unable to offer the amount of time,
assistance and impartial advice that our services involve. In comparison to other overseas
mortgage brokers that charge a fee, we have found that Assetz Finance is consistently better
value.


We have received feedback from past clients that indicates that our fee is extremely reasonable
and very good value for money. Please see the feedback section of this Guide for examples. If
you would like to see the original feedback form or to talk to one of our past clients about the
service they received please contact us.


If in the event that we do not find a French lender who will accept your mortgage application,
and that you are happy with, you will receive a FULL refund of your Mortgage Fee. This has not
happened since the introduction of this service.


We have such a large database of partners in France and such a sound knowledge of the
underwriting principles used by each lender that we are able to carry out a 100% fool-proof pre-
approval from the outset and would not allow you to proceed, nor pay us, if your application to a
French lender would not be successful. In fact our policy is to carry out this pre-approval as
early on in the process as possible. As soon as we are aware that you do not fit French lending
criteria and would be unsuccessful securing finance in France we would make it very clear so
that you can start making other arrangements for purchasing your property straight away. An
alternative for you to consider is a re-mortgage of a UK based property and our UK mortgage
department can assist you with this.




                                               - 23 -
    The Guaranteed-Mortgage-Offer Service

Rather than wasting time talking (and even applying) for a mortgage which you are not going
to get, Assetz Finance guarantees your mortgage acceptance. Based on the information you
provide on our mortgage pre-approval form, we can make sure that you fit the lending criteria
for any product we discuss with you. Our fees for this service are:

Mortgage or Re-mortgage applications for up to two borrowers:
           for mortgage amounts under €50,000: ------------------------------------------------      £750
           for mortgage amounts between €50,000 and €70,000: ---------------------------             £650
           for mortgage amounts under €100,000: ---------------------------------------------        £550
           for mortgage amounts between €100,000 and €150,000: -----------------------               £450
           for mortgage amounts over €150,000: -----------------------------------------------       £350
To counteract these fees, we enable our clients to make money from their mortgage whenever
possible by sharing our commission that we receive from the lender. We call this our “double
your money” scheme which is available on some of our mortgage deals. Please speak to your
finance consultant to find out if this scheme is applicable to you.
For each additional borrower there will be an extra charge of: -------------------------------       £100
For purchases via a French company structure there will be an extra charge of: --------              £200
For “commercial” purchases (B&B’s, gîtes, chambres d’hôtes, etc) please contact us for a
personalised quote.

    The Purchase-Assistance Service
Purchasing a property in France is vastly different from any equivalent transaction in any
English-speaking country. Assetz Finance thinks that most people don’t want to pay thousands
for the services of a translator or a solicitor, but just want some advice and guidance. For this
reason we have the purchase assistance service. We’ll make sure all the deadlines are kept to
and we’ll help you understand any contracts that you are sent, and we can even negotiate them
on your behalf. For all the things we can do, we cannot offer legal or tax advice and we cannot
offer line-by-line translations. Naturally, should you require any of these services, we would be
happy to put you in touch with some highly recommended professionals. Our fees for this
service are
           for purchase in individual names: -----------------------------------------------------   £499
           for purchases via company structures: -------------------------------------------------   £599
If you are interested in this additional service, please contact us for more details.
All of the above fees are non-refundable with one exception:
The Guaranteed Mortgage Offer Service fee is fully refunded ONLY in the event that Assetz
Finance does not succeed in securing a French mortgage offer that meets your requirements for
your purchase.
The mortgage fee is of course non refundable if your mortgage application was unsuccessful
because you omitted to provide us with all the information we required or you did not provide all
of the supporting documentation requested. It is also non refundable if the mortgage product
that the lender offers you varies from that applied for due to a change in product terms and
conditions by the lender (this is unfortunately out of the control of Assetz Finance).




                                                    - 24 -
    The Mortgage-Salvage Service
If your application has been refused elsewhere, or if your completion date is fast approaching
and you still have not finalised your mortgage, we have a number of lenders with whom we can
fast-track your application. This service requires an up-front, non-refundable fee of:


          for mortgage amounts under €50,000: ------------------------------------------------   £850
          for mortgage amounts between €50,000 and €70,000: ---------------------------          £750
          for mortgage amounts under €100,000: ---------------------------------------------     £650
          for mortgage amounts between €100,000 and €150,000: -----------------------            £550
          for mortgage amounts over €150,000: -----------------------------------------------    £450




                                                  - 25 -
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             The Assetz Finance Mortgage Pre-Approval Form

                PLEASE READ ALL OF THE INFORMATION BELOW VERY CAREFULLY.


Please complete and return the following form to frenchmortgages@assetz.co.uk and then one of our
Finance Consultants will be able to confirm if the loan which you desire for your intended purchase is
obtainable in your given personal and financial circumstances.

Your Finance Consultant will also give you details on the various mortgage packages that would
realistically be available to you based on your financial circumstances.

Please specify if amounts are in € or £.

Please complete ALL sections and state N/A if the section is not applicable to your circumstances.

Please especially pay attention to giving us detailed information about your present and past
employment if this has changed at all in the last three years.

Please complete ALL questions in relation to your freelance employment/own company details.

Please make sure that you give us at least one example of assets that you own
(savings/shares/ISA’s/bonds…) in the assets section of this form as it is important that non French
residents are able to demonstrate that they have some assets.

In order to guarantee you a mortgage, we may use these details to discuss your requirements with our
network of partners.

Please be aware that the answers to the health questions are confidential. You will be asked for this
information again once you have chosen a lender and are required to complete their forms. There will
be a health questionnaire included in these forms and the answer to those health questions will affect
the costs of your life insurance cover.
Personal details:

                                 Applicant 1   Applicant 2
Name
Maiden name
D.O.B
Place of birth
Nationality
Address (main residence)
Tel No.
Mobile No.
Email address
Marital Status
If married, date & place of
marriage
No. and age of dependents

Property and Mortgage details:

How did you hear about us?

Your Estate Agent name and
address
The Name and Address of
the seller
Full Property address
Full Purchase Price
Type of property: Second
home / Buy-to-let / a mixture
of holiday home and lettings /
Leaseback / Main home if
moving over to France
If a leaseback, is it financed
on the NET or on the
GROSS price?
When is the completion date
of the purchase?
Would you be interested in
our Purchase Assistance
Service?
Do you require our Mortgage
Salvage Service?
Are you intending to renovate
the property? Do you wish to
finance the cost of such
refurbishment and how
much?
Is the property habitable and
does it meet French building
regulation requirements?
Are you aware of the
purchase costs that will be
due on this property
transaction and have you
budgeted for them?
How much money (in euros)
do you have available to you
for this purchase
 (please specify where this
 comes from, ie savings, etc)

 Therefore what mortgage
 amount (in euros) would you
 like to secure?
 If you were able to secure a
 better deal by taking a
 smaller mortgage amount
 would you be interested?
 What is your priority –
 keeping monthly payments
 down to a minimum or
 repaying the mortgage debt
 as quickly as possible?
                                 No I have never applied for a French       No I have never applied for a French
                                 mortgage                                   mortgage
 Have you applied for a          Yes I have applied for a French mortgage   Yes I have applied for a French mortgage
 French mortgage in the past?    in the past and had some difficulties      in the past and had some difficulties
 Please circle the appropriate
 response:
                                 Yes I have applied for a French mortgage   Yes I have applied for a French mortgage
                                 in the past with no problems               in the past with no problems

 How long do you envisage
 keeping this
 property/mortgage?
 Would you prefer a capital
 repayment or interest only
 mortgage
 Are you looking for a
 variable, capped or fixed
 rate?

Income details:

If employed by a company (ie you have P60’s and payslips available to prove your income):

                                                      Applicant 1                          Applicant 2
 Occupation
 Employed since
 Current employer
 Employer’s address and phone number
 Present occupation since
 If recently started new employment, are
 you still in probationary period, if so,
 until when?
 Nature of contract (permanent,
 temporary, short term, etc)
 Nature of employers activity
 Current annual Gross P.A.Y.E. income
 (Please break this figure down into
 salary, commission, bonus, benefits if
 any)
 Current annual Net P.A.Y.E. income
 Amount stated on your P60 that you
 received in April 2007
 Amount stated on your P60 that you
 received in April 2006
 Any miscellaneous information on past
 employment background
If self employed/free-lance/company owner/company shareholder (ie you have tax returns and company accounts
available to prove your income :

 Company name and address
 Business activity of the company
 Position in the company and number
 of employees if relevant
 Accountant's name & address
 Company exists since
 Legal form of the company
 Your share of the company (%)
 Annual turnover of the company
 Annual NET profit of the company
                                        Salary:                             Salary:
 Projected income to be declared on
 your 2007 to 2008 tax return           Dividends:                          Dividends:
 Your personal income from the          Salary:                             Salary:
 company declared on your 2006 to
 2007 tax return (please break this     Dividends:                          Dividends:
 down by giving how much is paid in
 salary and how much is paid in
 dividends if applicable)
                                        Salary:                             Salary:
 For 2005 to 2006
                                        Dividends:                          Dividends:
                                        Salary:                             Salary:
 For 2004 to 2005
                                        Dividends:                          Dividends:
 If your company is less than 2 years
 old, please confirm your previous
 employment activity.


Property owned: (please include your main residence as well as buy-to-lets if any)

 Owner       Property      Estimated      Mortgage   Mortgage           Mortgage      Monthly  Monthly
             address         value       outstanding provider              type     repayment   rental
                                                                      (repayment, (if you are income
                                                                         interest   overpaying
                                                                      only, offset,   please
                                                                           etc)        state
                                                                                     minimum
                                                                                     payment
                                                                                     required)




Assets:

           Description                               Owner                                 Value

 Savings
 Shares
 Bonds
 Other
Monthly outgoings:

Please include ALL current DEBTS and amount of loan still to be paid off and the
date of final repayment

                                            Applicant 1            Applicant 2      Amount of loan
                                       (please give amount    (please give amount    still to be paid
                                         paid each month)       paid each month)      off and final
                                                                                    repayment date
Credit Card Repayments (please
confirm if you have regular or
fluctuating repayments or if you
pay the balance off every month)
Bank Loan
Personal loan
Car Loan or car lease
Student loan
Any other short term loans such
as store credit, etc
Rent (If you are a tenant)
Do you have an overdraft facility?
If so, have you been using it in the
past 3 months?
Child maintenance payments (as
an outgoing only)
Other (please specify)
Total Monthly Outgoings



Health Queries:

                                                             Applicant 1            Applicant 2
 Do you have any health worries that could have an
 effect on your life insurance application?
 Have you ever been hospitalized?
 Have you ever had an operation?
 Do you smoke?
 Do you have asthma?
 Are you overweight?
 Do you suffer from any ongoing health problems?
 Are you taking any medication?
               The Assetz Finance Mortgage Pre-Approval Form
                      (French re-mortgage or mortgage of an unencumbered property)

                  PLEASE READ ALL OF THE INFORMATION BELOW VERY CAREFULLY.


Please complete and return the following form to frenchmortgages@assetz.co.uk or to your point of contact
at Assetz Finance.

Using this form, one of our Finance Consultants will be able to confirm if the loan which you desire is
obtainable in your given personal and financial circumstances.

Your Finance Consultant will also give you details on the various mortgage packages that would
realistically be available to you based on your financial circumstances.

Please specify if amounts are in € or £.

Please complete ALL sections and state N/A if the section is not applicable to your circumstances.

Please especially pay attention to giving us detailed information about your present and past employment if
this has changed at all in the last three years.

Please complete ALL questions in relation to your freelance employment/own company details.

Please make sure that you give us at least one example of assets that you own
(savings/shares/ISA’s/bonds…) in the assets section of this form as it is important that non French
residents are able to demonstrate that they have some assets.

Please be aware that the answers to the health questions are confidential. You will be asked for this
information again once you have chosen a lender and are required to complete their forms. There will be a
health questionnaire included in these forms and the answer to those health questions will affect the cost of
your life insurance cover.
Personal details:

                                 Applicant 1   Applicant 2
Name
Maiden name
D.O.B
Place of birth
Nationality
Address (main residence)
Tel No.
Mobile No.
Email address
Marital Status
If married, date & place of
marriage
No. and age of dependents



Property and Mortgage details:

How did you hear about us?
Full address of the property
to be remortgaged
Who owns this property?
Estimated current value of
the property
Type of property: Second
home / Buy-to-let / a mixture
of holiday home and lettings /
Leaseback / Main home if
moving over to France
Is the property habitable and
does it meet French building
regulation requirements?
Is there currently a mortgage
on the property?
If so, how much mortgage is
outstanding?
Who is the current lender?
What is the current monthly
repayment ?
Amount of capital that you
would like to release?
What will the capital released
be used for?
Mortgage length required
Would you prefer a capital
repayment or interest only
mortgage
Are you looking for a
variable, capped or fixed
rate?
Income details:

If employed by a company (ie you have P60’s and payslips available to prove your income):

                                                      Applicant 1                      Applicant 2
 Occupation
 Employed since
 Current employer
 Employer’s address and phone
 number
 Present occupation since
 If recently started new employment,
 are you still in probationary period,
 if so, until when?
 Nature of contract (permanent,
 temporary, short term, etc)
 Nature of employers activity
 Current annual Gross P.A.Y.E.
 income (Please break this figure
 down into salary, commission,
 bonus, benefits if any)
 Current annual Net P.A.Y.E.
 income
 Amount stated on your P60 that you
 received in April 2007
 Amount stated on your P60 that you
 received in April 2006
 Any miscellaneous information on
 past employment background

If self employed/free-lance/company owner/company shareholder (ie you have tax returns and company
accounts available to prove your income :

 Company name and address
 Business activity of the company
 Position in the company and
 number of employees if relevant
 Accountant's name & address
 Company exists since
 Legal form of the company
 Your share of the company (%)
 Annual turnover of the company
 Annual NET profit of the company
                                         Salary:                          Salary:
 Projected income to be declared on
 your 2007 to 2008 tax return            Dividends:                       Dividends:
 Your personal income from the
                                         Salary:                          Salary:
 company declared on your 2006 to
 2007 tax return (please break this
 down by giving how much is paid in
 salary and how much is paid in          Dividends:                       Dividends:
 dividends if applicable)
 For 2005 to 2006                        Salary:           Dividends:     Salary:           Dividends:
 For 2004 to 2005                        Salary:           Dividends:     Salary:           Dividends:

 If your company is less than 2 years
 old, please confirm your previous
 employment activity.
Property owned: (please include your main residence as well as buy-to-lets if any)

 Owner      Property       Estimated     - Mortgage Mortgage       Mortgage     Monthly   Monthly
            address          value       outstanding provider         type     repayment   rental
                                                                 (repayment, (if you are income
                                                                    interest   overpaying
                                                                 only, offset,   please
                                                                      etc)        state
                                                                                minimum
                                                                                payment
                                                                                required




Assets:

           Description                             Owner                           Value

Savings
Shares
Bonds
Other

Monthly outgoings:

Please include ALL current DEBTS and amount of loan still to be paid off and the
date of final repayment

                                            Applicant 1           Applicant 2       Amount of loan
                                       (please give amount   (please give amount     still to be paid
                                         paid each month)      paid each month)       off and final
                                                                                    repayment date
Credit Card Repayments (please
confirm if you have regular or
fluctuating repayments or if you
pay the balance off every month)
Bank Loan
Personal loan
Car Loan or car lease
Student loan
Any other short term loans such
as store credit, etc
Rent (If you are a tenant)
Do you have an overdraft facility?
If so, have you been using it in the
past 3 months?
Child maintenance payments (as
an outgoing only)
Other (please specify)
Total Monthly Outgoings
Health Queries:

                                                     Applicant 1   Applicant 2
 Do you have any health worries that could have an
 effect on your life insurance application?
 Have you ever been hospitalized?
 Have you ever had an operation?
 Do you smoke?
 Do you have asthma?
 Are you overweight?
 Do you suffer from any ongoing health problems?
 Are you taking any medication?
To answer any queries we have not answered in this Guide and to find out more about the
French mortgage packages available to you, please do not hesitate to contact one of our
Finance Consultants:




THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BE SURE YOU CAN AFFORD
THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT AGREEMENT. THE FIGURES AND INFORMATION
QUOTED IN THIS GUIDE ARE BELIEVED TO BE CORRECT AT THE TIME OF ISSUE, AND ARE SUBJECT TO
CHANGE WITHOUT NOTICE. ANY QUOTATION SUPPLIED IS NOT AN OFFER OF A MORTGAGE. THE
STERLING EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE MAY BE
INCREASED BY EXCHANGE RATE MOVEMENTS.

				
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