Learn More About Buying French Leaseback Property...

Leaseback Property in Corsica France New Mortgage Finder can offer finance through it's partners for Leaseback property mortgage in Corsica. Most mortgage lenders in France have issues with lending out side the mainland therefore Corsica has very little support when it come to mortgages for property on this isolated island. However, we have some of the best mortgage schemes & rates in France to choose from- contact us Our Mortgage Calculator can help you understand the cost of your French Mortgage repayments - Click Here

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1- French regional taxes and Leaseback tax treatment of income

As the new owner, you will be responsible for paying local property tax/rates (taxe foncire) and, if you intend to live in the property, occupancy tax (taxe d'habitation). The income received from your French Leaseback Property will attract income tax at your highest pay rate. However, careful choice in mortgage schemes can help reduce or even eliminate this altogether.Find out more...Contact Us

2- Other tax implications

You may be liable to French tax when you sell the property or if you derive any income from it i.e. by letting.

French tax may also be due if you die or if you give the property to someone else. In fact, French inheritance laws are very different to those in the UK and you will be subject to these if you purchase in France. We recommend you seek professional advice.

There may also be UK tax implications. However, there is Taxation Treaty between the UK and France which will normally mean that you do not have to pay taxes twice. For any additional information on tax implication, we recommend that you seek professional advice. Find out more...Leaseback mortgages

3- Leaseback Property

Only a few Leaseback properties are available on the Island of Corsica and with only a weekly direct flight, you should consider how popular the leaseback scheme will me not only during the leaseback period but for resale and at disposal. The TVA (VAT) associated with Corsica is just 8% compared to 19.6% in Mainland France.

4- Mortgages

Only a few lenders provide a Mortgage service in Corsica, one the best is 85% of the value with rates starting as low as 3.85% (correct at time of writting) over 7-25yrs. New Mortgage Finder has a Free quotation service- Lease mortgages are also available on the same terms, however, all fees can be added including Notaire, Agent, Furniture and Parking and can be included in the Gross price.

Further information & property can be found on specialist Sites LINKS:

• New Loan Finder - Great Mortgage site of UK and Overseas Mortgages

• French Buy2Let - Leaseback property Specialist private site with plenty of useful information

• 1st For French - Huge French property site, including French Leaseback property

• New Finance Finder - Specialist site focusing on French Finance

• New property Finder .com - Ski apartments and Alps Leaseback scheme

GETTING STARTED

You can begin the process of buying your French property today. Trained advisors are available to discuss your requirements over the phone.
Once decided on the region where you plan to purchase your French property, please contact your mortgage adviser before you leave.

Find out more...Contact Us

T: 0870 350 8595 - F: 0870 350 8590

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Legal Information

MORTGAGE TYPICAL EXAMPLE:

A couple (male and female), aged 29 years, applying to us for a repayment mortgage of 150.000 Euros on a purchase price at 300.000 Euros secured over 10 years. 120 monthly repayments of 1.707,27 Euros, including life Assurance. Total amount payable, 206.372,40 Euros, includes 1.500 Euro arrangement fee. Example based on 6 % p.a. rate. APR is 6,89 % taking account of life assurance and arrangement fee.

In the event of early redemption, you would be charged a fee equal to six months' interest on the capital repaid limited to 3% of capital outstanding before redemption.

Legal Information:

WE REQUIRE THE PROPERTY AND CONTENTS TO BE INSURED, AND LIFE ASSURANCE IS ALSO REQUIRED.

Mortgages require a charge on your property.

All loans are subject to status and in most instances a valuation appraisal. All loans are not available to persons under 18 years and for the purchase of real property situated outside Metropolitan France (i.e. Corsica and Overseas French Departments / Territories.

Written quotations are available upon request.

Rates correct at the time of release.

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