Need to know: Property Financing and Purchase Glossary
Posted on April 25, 2014 by Susie HollandsWhen buying a property in France, it’s useful to know a few key words in the local language.
| agent immobilier | estate agent |
| acompte | deposit |
| acte authentique de vente | deed of sale |
| apport personnel | down payment or personal contribution |
| assurance décès | life insurance |
| crédit | loan |
| crédit immobilier | home loan, mortgage |
| crédit hypothécaire | mortgage |
| co-emprunteur | co-borrower |
| compromise/promesse de vente | preliminary sales agreement |
| compte bancaire | bank account |
| condition suspensive | condition precedent/let out clause |
| contrat de prêt | loan contract |
| délai de réflexion | “cooling-off” period |
| demande de prêt | loan application |
| demander un prêt | to request a loan |
| dossier de prêt | mortgage application file |
| durée du prêt | term of loan |
| échéances plafonnées | capped instalments |
| emprunteur | borrower |
| emprunt | loan |
| expertise | valuation appraisal |
| frais de dossier | loan arrangement fees |
| frais de notaire | notary’s fees and costs |
| habitation (assurance) | insurance policy |
| hypothèque | mortgage (legal charge on property) |
| IRA – Indemnité de remboursement anticipé | early redemption fees |
| mensualité | monthly instalment |
| multi-risques habitation (MRH) | building and contents insurance |
| notaire | French property lawyer |
| offre de crédit | loan offer |
| période d’anticipation | pre-repayment period |
| période d’ammortissement | repayment period |
| plan de financement | financing scheme/financing plan |
| prêt amortissable | capital repayment loan |
| prêt in fine | interest-only loan, endowment loan |
| prêteur | lender |
| remboursement anticipé | early redemption loan |
| RIB – relevé d’identité bancaire | bank account identification slip |
| simulation de prêt | simulation/quote simulation |
| tableau d’amortissements | monthly repayment schedule |
| taux capé | capped rate |
| taux effectif global | annualized percentage rate |
| taux fixe | fixed interest rate |
| taux variable | variable interest rate |
| vente en l’état future d’achèvement (VEFA) | acquisition of a property to be built (off plan) |
| versement de fond | transfer of funds |
