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a.) The French notary fees & stamp duty
These will be approximately 2.5 % of the purchase price for new property, as opposed to 6/7 % for resales. b.) UK Based Solicitors/Notaires Some clients choose to use a UK based solicitor in addition to the French Notaire to help guide them through the purchase process. Their role is purely to advise and inform as it is only the notaire that can undertake the conveyancing. Fees vary depending on the solicitor and the nature of his involvement. Expect to pay from £500 to £2,000 for a purchase price in the region of €150,000. c.) Mortgage fees If a mortgage is raised on the property in France it would have to be through a French bank, in which case there is a tax of approximately 2% of the mortgage amount. Funds raised on UK properties via mortgages from UK banks will be treated as straight cash payments. |
