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Outline of main mortgage conditions.
| Mortgage
Type |
Euro mortgage -
Interest and capital repayment. |
| Maximum
Loan Amount |
Up to 85%* of the
net purchase price for loans of €75,000 or more and 80%* for
lower amounts.
*subject to valuation and depending on your country of residence. |
| Minimum
Purchase Price |
€62,500
The property must be habitable. Some works may need to be financed
by UCB depending on the results of the valuation. |
| Minimum
Loan Amount |
€50,000 |
| Valuation |
Arranged by UCB
at no expense to the borrower. |
| Term |
Between 7 and 25
years. |
| Payment
method |
Monthly direct debit
from a bank account in France. Preferential conditions available for
transfer of funds from the UK to France (service subject to conditions). |
| Life
assurance |
Life assurance is
mandatory. Arrangements may be made through UCB. |
| Security |
First legal charge
on the French property. |
| Purpose
of loan |
Residential property
purchase (main residence, second home, property to be let). Construction
of a new property, re-mortgage, and home improvement loan. |
| Lending
area |
Mainland France. |
| Arrangement
fee |
1 % of the loan
amount (minimum €700, maximum €1,500). |
UCB mortgages ace subject to conditions and acceptance
of the mortgage application by LJCBand the insurance company. Conditions
applicable at date of publication subject to change at any time by UCB without
notice.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER
LOAN SECURED ON IT.
THE STERLING EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE
MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS.
Mortgages require a charge on your property and are subject to status and
valuation. Only available to persons aged 18 or over. Written quotations
available upon request.
WE REQUIRE THE PROPERTY AND CONTENTS TO BE INSURED, AND LIFE ASSURANCE IS
ALSO REQUIRED.
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