Author: The ESREA France Team

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Is it the buyer or sellers French notary who drafts the compromis de vente?

Port of Nice, French Riviera

At this time in France when you wish to purchase a French property it is important for you to know that you have a choice over the notary you work with. But it will not be your notary who prepares the compromis de vente.

In fact, even though you as the buyer are paying all the fees for the notaries involved it is the notary who was chosen by the seller who prepares the first draft of the compromis de vente.

This is because the seller’s notary will typically have all the documentation on file to create the original draft of the compromis de vente.

You can confirm that this is still the current guideline by visiting the english section of the Notary of France website here.

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Who prepares the compromis de vente in a French real estate transaction?

Lavender Ile honorat French Riviera South of France

At this time in France when you have an accepted offer on price to purchase a French property you will need the compromis de vente to be drafted. This important document can be drafted by an agent immobilier who has the professional license or card that permits him or her to operate a French real estate agency.

However, due to the frequent change in French property laws and the danger of not drafting everything exactly right many agencies will prefer buyers or sellers to have the compromis de vente drafted by a French notary.

Note: Salespeople (negotiators) who work in a real estate office but do not have the professional card allowing them to operate an agency on their own, these salespeople are not permitted to draft the compromis de vente.

Make sure you have the right person creating this important document for your purchase of your French property.

Notaries of France website

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Is there a maximum age you can be to get a mortgage in France?

Eze Village French Riviera South of France

This is a very good question. I had read that there may be a maximum age at which you can obtain a mortgage in France but I did not find any consistent details.

The best solution is to contact a French bank or French mortgage broker before you start shopping for property and get an answer in writing.

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What is the maximum term of a French mortgage?

Île Saint-Honorat Monastry Entrance South of France

We have asked the French bankers and French mortgage brokers we know and we have been told the maximum term of most French mortgages to purchase a property is 25 years.

This also noted on the Government of France website here.

Date of Posting March 2022

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Will a French bank charge me a loan application fee when I apply for a French mortgage?

3 D painting on French House

At this time we have been told French banks DO charge you an application fee when you apply for a mortgage to buy a French property.

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