Retirement Relocation to Provence for a Couple from Hampshire
€490,000 · 15 years · 3.55% fixed. A retired couple in their early sixties were selling their Hampshire home to fund a permanent move to Provence.
The Client
Retirees Relocating Overseas
The Challenge
A retired couple in their early sixties were selling their Hampshire home to fund a permanent move to Provence. Their income was entirely pension-based - a combination of final salary and state pension - and they needed a French mortgage to bridge the gap between their retirement income and the purchase price of their chosen mas.
Our Solution
Doulton worked with a French lender experienced in assessing pension income from UK sources. Age at the end of the mortgage term was within acceptable parameters. Life assurance was arranged to satisfy the mandatory French insurance requirements.
The Outcome
Couple successfully relocated to Provence. The mas was purchased and they are now permanent French residents. French tax advice was also arranged through Doulton's professional network. Key highlights: Pension income accepted by French lender; Age-appropriate term structured; Mandatory French life assurance arranged.