Five steps to take before applying for a mortgage in France

1. Get an agreement in principle

Before you start viewing properties, it is worth doing the groundwork and obtaining an agreement in principle, advises broker Mr de Monclin.

This will give you a clear idea of how much you can borrow, the size of deposit required, and what your monthly repayments are likely to be.

It can also strengthen your position as a buyer. Sellers and estate agents are more likely to take you seriously if you can show that your financing is already being arranged.

2. Property location and condition matter

The property you want to buy – and where it is located – can affect how much, or even whether, a bank is willing to lend.

“The primary consideration is what and where you are buying – the location, the price and whether the property requires renovation,” says Mr de Monclin.

Properties in rural or less accessible areas can sometimes be more difficult to finance than those in high-demand locations, such as Paris, other major cities or the Côte d’Azur.

Buyers should ensure the property is not likely to be seen as a higher risk by lenders, particularly if significant work is required.

3. Should you apply before moving to France?

As it is possible to apply for a French mortgage as a non-resident, it may be worth considering whether your financial position is stronger before you move.

This can be particularly relevant if you plan to:

• become self-employed

• retire

• look for work after arriving in France

All of these situations can make it more difficult to obtain a mortgage.

“You will often qualify more easily while still in stable employment,” says broker Martin Heathcote.

Anyone considering this should ensure their financial commitments – including any existing loans – remain within the 35% debt-to-income limit used by French banks.

4. File a tax return after moving

If you plan to apply for a mortgage after relocating to France, it is advisable to file a French tax return as soon as possible.

This helps establish your financial profile within the French system and can make mortgage applications more straightforward.

5. Take your time

It is not always advisable to rush into buying immediately after moving.

“For some people it makes sense to take your time and rent for a year,” says Martin Heathcote.

This allows you to get to know the area, understand the local market, and refine your criteria before committing to a purchase.

The application process

• Obtain an agreement in principle (accord de principe)

• Find a property and sign a sales agreement (compromis de vente) once a price is agreed

• Submit your full mortgage application, including supporting documents, and arrange life insurance

• The bank issues a formal mortgage offer – you must observe a mandatory 11-day cooling-off period before accepting

• Complete the purchase by signing the final deed (acte de vente) in front of a notaire

Mortgage applications typically take around 12 to 14 weeks from submission to approval.