top cx logo
cx logo
Explorearrow down
search icon

Have French mortgages been suspended?

In the UK mortages are being suspended for three months - is France doing the same?

The French government has not introduced any specific measures for helping members of the public in difficulty with mortgage or other loan payments.

The Fédération Bancaire Française which represents all the banks installed in France says anyone who finds themselves in financial difficulties should contact their bank, in preference via their bank’s telephone app or via their website so that the details of each individual case can be examined.

Most contracts have clauses written into them which will allow postponement or alteration of payments, the FBF says.

BNP Paribas confirmed this approach telling Connexion they are treating requests case by case, depending on the circumstances of each person and each contract, but would be willing to make a break in payments for several months if need be.

The federation of brokers, Association Professionnelle des Intermédiares en Crédits, Apic has written to the Finance Minister, Bruno Le Maire and the Housing Minister, Julien Denormandie asking for more general measures to be put into place, as they have been for businesses, so that those in difficulty could have their payments suspended for up to six months.

Stay informed:
Sign up to our free weekly e-newsletter
Subscribe to access all our online articles and receive our printed monthly newspaper The Connexion at your home. News analysis, features and practical help for English-speakers in France

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Income Tax in France 2022 (for 2021 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
Get news, views and information from France
You have 2 free subscriber articles left
Subscribe now to read unlimited articles and exclusive content
Already a subscriber? Log in now