Real-Time French Mortgages for Foreigners Buying Property in France

June 06, 2006 (PRLEAP.COM) Business News
Cannes, France - June, 2006 – Finance In France, a French mortgage and real estate specialist, today announced the launch of it's new online mortgage broker service. The Mortgage Machine enables buyers looking to relocate to France or invest in French property to find the perfect mortgage in just a few clicks of a mouse. Not only is the buyer able to obtain a real-time quote in seconds, Finance In France also shares the commission they receive from the mortgage lender with the buyer.

“For most individuals it will take a few weeks to find a mortgage on their own.” said Fredrik Lilloe, co-founder of ‘Finance In France' SARL, “We wanted to provide the best mortgage, with zero delay and share our commission with the client. To my knowledge, other mortgage brokers are struggling to provide even one out of these three.”

The website features a special mortgage simulator that contains up-to-date mortgage products from all the leading French banks, giving the visitor a real-time quote in seconds. 'Finance In France' receives a commission from the French bank and unlike other mortgage brokers, they actually share that commission with the client.

French legislation restricts the number of new constructions that can be built. For example, on the French Riviera only 3,000 new properties may be built by law per year, the demand for which is significantly higher and consequently property on the Riviera has risen by 118% in value over the past five years alone.

Finance In France SARL brokers mortgages to foreigners and French-residents buying property in France . It was established as a limited company in France in November, 2005.

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