When you want to buy French real estate and borrow money from the bank to do so typically the French bank will want to make sure you have a work contract called a CDI.
What is a CDI?
CDI is the acronym for ‘contrat à durée indéterminée’ which means a permanent contract with a company where you have no determined end date to your contract. This typically means you work is much more secure than a CDD.
What is a CDD?
CDD is the acronym for ‘contrat à durée déterminée’ which means a fixed term, often short term contract. French banks typically will not loan money to people with a CDD employment contract for fear the person will become unemployed and be unable to pay the mortgage.
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Free eGuide 10 Mistakes to Avoid when Buying French property
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