Leaseback

Buy to let

If you are looking to invest in a quality rental property located in a purpose built resort (called a “Résidence de Tourisme” in French) the benefits are more than enticing. Not only will your property be managed for you, ensuring contractually guaranteed income, but you can also benefit from a full VAT refund on the investment. And what’s more, you can enjoy your property for several weeks each year!

5 easy steps to realising your project:

2

Find your property

Make sure you have made the right choice. To obtain leaseback financing from BNP Paribas International Buyers and fully benefit from this scheme, the property you wish to invest in must be a new build, or it must be in the process of being built. In addition, the programme must be one that has been approved by BNP Paribas International Buyers’ risk department.
1

Contact BNP Paribas
International Buyers

Discuss with your personal multilingual mortgage advisor whether BNP Paribas International Buyers can finance your project.
4

Submit your mortgage application

Return the completed mortgage application forms and supporting documents to your BNP Paribas International Buyers personal mortgage adviser. Once your application has been approved we will send you your mortgage offer and simultaneously send a copy to the notary. By law, you must wait at least 10 days before accepting the mortgage offer.
3

Sign the preliminary sales agreement and appoint a notary

Once you have signed the reservation contract, no-one else can buy the property you have chosen. You also have 7 days to change your mind if you wish to do so. Be sure to check that the agreement is subject to mortgage acceptance. By doing so you will ensure that you do not lose your deposit if your mortgage application is refused.
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5

Completion

In France, completion may take in general from 6 to 12 months from the moment you sign the reservation contract to the moment you sign the final deed of sale.

Your notary requests the mortgage funds from us and prepares the deed for your signature.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.

Mortgages are subject to acceptation by BNP Paribas Personal Finance. For all mortgages the borrower has a 10 day reflection period. If the sale is subject to mortgage acceptance any sums already paid must be reimbursed by the seller if the mortgage is declined. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the Sterling equivalent of your debt.