Paris Apartment Purchase by Relocating Finance Professional
€720,000 · 25 years · 3.20% variable capped. A UK national working for a major bank had been relocated to Paris on a permanent contract.
The Client
UK Expats - Primary Residence
The Challenge
A UK national working for a major bank had been relocated to Paris on a permanent contract. He needed a French mortgage but his income was paid partly in sterling and partly in euros, and his credit history was entirely UK-based. French retail banks were reluctant to lend without an established French banking relationship.
Our Solution
Doulton sourced a French private bank comfortable with cross-currency income, structured the application around both income streams, and arranged a competitive variable rate with a cap. The client retained his UK assets and the French mortgage was underwritten on a standalone basis.
The Outcome
Apartment purchased in the 16th arrondissement within eight weeks of instruction. Client established in his Paris role with permanent accommodation secured. Key highlights: Mixed sterling and euro income accepted; French private bank relationship utilised; Completed in 8 weeks from instruction.