Crédit Agricole KeyFinance > Mortgage loan in France

Mortgage loan in France

KeyFinance : Mortgage loan in France

C/A KeyFinance offers you several types of loan (mortgage loan in France) in order to fund the purchase of:

-main residence
-holiday home
-buy to let
-home improvements, renovation or construction
-a plot of land

Insurance obligations

Two types of insurance are required when you purchase a home in France. One is building and contents insurance that covers the property itself and the other is life assurance (including total and irreversible loss of independence) covering the borrowers for the total amount of the loan.

Building and Contents Insurance

Building, property and contents insurance is obligatory and the policy must be put in place before you sign the deed of purchase. Your notary will ask for a copy of the policy at the moment of signing the deed.

Life insurance / Mortgage Protection

Taking out a life assurance policy to cover the amount of a property loan (mortgage loan in France) is not a legal obligation in France. However, potential buyers should be aware that French banks do not offer loans without it. In most cases, the mortgage protection and loan application are treated simultaneously.

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