CAN A NUMBER OF PEOPLE BUY A HOME TOGETHER ?
French homes may be purchased on an individual or on a collective basis. However, if you intend to buy a home collectively, all buyers will be asked to jointly apply for the mortgage. For purchases made by two people or more, it may be advantageous to buy the home through a Civil Real Estate Company (“Société Civile Immobilière”, or “SCI”). A notary or a specialised solicitor can set up the SCI and provide you with advice about its benefits and implications.
What are the main advantages of an SCI?
What are the main disadvantages of an SCI?
If you would like more details about SCIs, please contact your Notaire or a specialised solicitor.