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Foreign banks contact clients in France over new rules limiting services provided to EU residents
Some Connexion readers report banks in the Channel Islands having advised them that they are reviewing possible impact
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How much people near you in France are saving each year
A new study shows that where you live makes a big difference to the amount you save
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How to plan your finances for the year ahead in France
Finding a long-term strategy that safeguards your security through retirement
Do equity release loans exist in France?
Do equity release loans exist in France? D.M.
Not at present, unfortunately, since the Crédit Foncier bank which offered this loan, known in French as a prêt viager hypothécaire, is now defunct.
There is still a kind of loan called crédit hypothécaire, which is secured against your home, but it is repayable during your lifetime and the amount of the loan depends on your ability to repay, rather than the value of the home.
