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Buying first/holiday home in France

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  • knightstyle
    knightstyle Posts: 7,228 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do not shake hands or sign anything until you have checked everything.
    After agreeing to buy you have a few days to pull out and then you will have to pay a large penalty if you pull out.
    As buyer you will have to pay the agent fees, you will also pay Notaires fees, it is useful to use the same Notaire as the seller.
    We found the best way to raise money was from the bank, Credit Agricole in our case, but you will need to have had an account for some time before they will loan, plus check very carefully on the extra costs on top of the interest like insurances etc.
    Make sure you can do what renovations you want to do, if near a historic building, Church etc. there may be restrictions.
    Finally there is no way I would buy a holiday property in France without having at least 50% of the purchase price.
  • Miss_Samantha
    Miss_Samantha Posts: 1,197 Forumite
    You will never complain again about buying in the UK after you have bought in France ;)
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    You need to seriously think if this is the right time to be doing this. There are very likely to be serious exchange rate fluctuations in the months ahead, with a non-negligible risk of potential legal hurdles.

    Apart from any of the usual practicalities and other considerations, those would be a massive red flag for me until June's out the way.
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