Hello Real25
Your posting was virtually identical to that of what Ady1231 wrote on 1st April 2008, which started this thread .....
In answer to your question about the maximum mortgage available to you .....
Your nationality, your country of residence, and to which country you pay income tax, or declare your income, will determine the maximum mortgage available to you.
For a private purchase (not leaseback or commercial), if you are resident in UK and pay income tax in UK, then an 85% mortgage on the purchase price is possible, subject of course to complying with the rule of a third of monthly income to service the cost of all expenditure.
As to what property is available in Nice, and taking into acount the purchase price, the location, investment potential and possible rental income, I think Phillip has given a good indication of current trends and attitudes.
Buying a property in a 'foreign' country can be a confusing experience and full of costly pitfalls if you don't know the ropes.
Research as much as you can for yourself, and ask for advice and guidance from people who specialise in the many various aspects of buying property - you'll find there are some very knowledgeable people in this forum .... why not ask them ?
Kind Regards
Carole Bayliss
mortgagefrance.com
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