Sextant · Category
Finance
61 articles · Page 2 of 3
July French Mortgage Update
Real estate mortgage rates are still rising L’Agence Nationale d’Information pour le Logement (the ANIL for short- the national agency which provides…
Retirement in France: 47.5 million Euros of pension fraud avoided
539 Algerian centenarians: this is the number of retired people who are receiving a CNAV pension in Algeria. Last year it was the Greek authorities who…
The kings of the second home are… the French!
France has 3 million dwellings “exclusively used for weekends, holidays or leisure”, according to the INSEE (the French institute for statistics and economic…
The revival of rural homes in France
Last year, transactions involving rural houses increased by almost 15% to €6.6 billion. The market is getting better, but is still mixed. Farmland rose by 1.4%…
Capital gains taxes on French property explained
Capital gains tax in France is called ‘impôt sur les plus values’ and is payable on the sale of land or buildings, on shares, and certain other personal…
Housing: The INSEE rejects the idea of a bubble
Contrary to the Centre for Strategic Analysis, the French Institute for Statistics says the price rise is down to the lack of accommodation and not down to…
Your finances in France
Finance and investments in France are not particularly different from the UK. There is a double taxation agreement which means that tax paid in one country
Best solutions to handle costs of a second home
Maintaining a garden, converting outbuildings … Due to the increase in gas and electricity bills, in addition to continuous rises in council taxes and…
A secure pool cover is the safest way to protect your children
Since 2003, French law compels owners to install a safety system on any newly-built swimming pool. Owners who had a pool installed before the bill was adopted…
France’s three different sales contracts explained
Currently in England the exchange of contract happens shortly – if not immediately – after your offer has been accepted. In France, things happen differently:…
Inheritance and succession explained
Inheritance and succession are always a dilemma for a Lawyer when you deal with your client’s assets. Owning investments in England or elsewhere will oblige…
It’s time to take out a mortgage!
On Thursday March 3th Jean Claude Trichet, the President of the European Central Bank made a revelation: an important increase of rates is foreseen in April.
Letting your property to students in winter could provide valuable rental income!
When the summer holidays come to an end, with you packing your bags, French students are about to go back school. This traditional period is called La Rentrée…
Opening a bank account in France has never been so easy
You are buying a French property and would like to open a French bank account but don’t know how to proceed:
What is a garantie deplacée?
If you are a home owner in France and want to buy a property abroad, in the United Kingdom for instance, then you can do what is known as a garantie deplacée.
Legal fees when buying a French property
For several years, France has been a property market particularly different from others in Europe. A British buyer may not be used to the system and may…
Negotiating the price of a French property
Negotiating the price can be tough for the buyer, and even for the seller. But it can be cheaper if you concentrate on one main objective: obtaining the…
A new capped mortgage product!
At Sextant Mortgages we’re pleased to present a brand new mortgage product, which has been developed to meet our clients’ needs and requests, as they go…
How is affordability for a French mortgage calculated?
You may be wondering how much you are allowed to borrow, what sort of repayment plan would suit you or even whether you can take out a French mortgage at all.
Renegotiating your mortgages and loans: a very profitable business
We’ve all heard about the current drop in interest rates, but borrowers aren’t the only ones to reap the benefits. If you’ve already taken out a mortgage,
The abolition of the French wealth tax might be official in 2011
Wealth tax, also known as the ‘’solidarity tax on fortunes’’ is paid at a rate of 0.6–1.8% on most assets worth more than €790,000, including property,…
Going overseas for a first buy
.According to foreign exchange and international money transfer specialist Moneycorp, prospects are poor for the British real estate market, as 25% of…
How to open a bank account in France: a few tips
. Keeping your account in the UK while living in France is a possible but rather expensive solution, as banks very often charge for withdrawals and financial…
Reduction of French VAT for renovation works
If you hire a professional for housing renovation works you can benefit, under specific conditions, from a reduced VAT rate of 5.5%, instead of 19.6%.