Expert Advice - Finance

Opening a French bank account

Opening a French bank account

One of the first things you’ll need to do when setting up your new life in Paris is to open a bank account. It’s important for lots of reasons, ranging from paying utility companies, some of which can insist on direct debits, to arranging a mortgage if required. It’s true that there’s a fair bit…

Finding the best currency deal

Finding the best currency deal

At VINGT Paris, we work with leading foreign exchange services who offer the expertise to ensure you get the best deal available. This means you can enjoy peace of mind, knowing that your money is going as far as possible. For example, their areas of specialisation include: Buying or selling property abroad Converting rental income…

Your Mortgage Application: What Documents Does The Bank Need?

Your Mortgage Application: What Documents Does The Bank Need?

It can be quite hard to understand the cautious approach of French banks and their completely different attitude to borrowing and lending than in other countries. When applying for a mortgage, here are the documents required for the application – the object is to prove you earn three times the monthly repayments. • Identity card, passport…

Can I get financing in France?

Can I get financing in France?

Many foreigners don’t realise it is possible to get a French mortgage If you’re wondering whether you can get financing in France for your property, the answer is a straightforward yes, and no strings attached. Too often, foreigners don’t realise that they can get financing from French banks – and this can often be worth…

Your Mortgage Acceptance As Condition Of The Promesse de Vente?

Your Mortgage Acceptance As Condition Of The Promesse de Vente?

In the Promesse de Vente, we usually request that the purchase be subject to a conditional clause (“clause suspensive”), which lays out the minimum terms of a loan that you are willing to accept to purchase the property. Ordinarily you will have 45 days from the signing of the preliminary sales agreement to secure that financing. If…