The difficulties of real estate loans to non-residents
For banks, resident status is linked to the criterion of taxation. If you do not declare your income taxes in France, banks will be more reluctant to grant a loan. They consider that they have fewer guarantees, less visibility on the borrower’s income and that the latter is less reachable in case of need – or dispute.
It also happens that banks are reluctant to lend to non-residents because they think they have less chance of enrolling them in other products . Indeed, credit is sometimes a means of offering life insurance, current accounts with direct debit of income, various financial products, etc.
Upon arrival, some banks no longer lend to non-residents and expatriates. This is particularly the case for online banks .
They are more demanding on the borrower file
When banks lend to non-residents, they have more requirements on the borrower file. If the documents to be brought are similar, it is necessary to expect more rigor and little flexibility in the face of the subtleties of foreign contracts.
The most contentious documents are pay slips and employment contracts. It is sometimes necessary to take into account the deduction at source, the ” tax return “, the exchange rate… So many subtleties that blur the readability of a borrower profile for the bank. The maximum debt ratio cannot exceed 33%, including for high incomes.
This is one of the advantages of calling on a real estate brokerage expert who specializes in serving non-residents . Your Pretguru broker supports your case, strengthens it and gives it credibility with the banks, optimizing your chances of making your real estate purchase.
It is difficult to access the best real estate rates as an expat
Another disadvantage when you are an expatriate in Canada, Japan, Singapore or elsewhere: the banks reflect a certain mistrust in mortgage rates for non-residents . Access to the best real estate rates is therefore not guaranteed. Higher rates are proposed to compensate for the complexity of the file. It happens that the loan rates for expatriates are 0.2 to 0.5 percentage points above the usual rates.
Going through a loan broker like Pretguru allows you to benefit from the best possible rates . Brokerage promotes the valuation of your file and access to the lowest real estate rates. The service is personalized and efficient, it goes through a 100% dematerialized platform which guarantees you a loan on the best conditions.
Pretguru, real estate broker for non-residents and expats
Are you an expatriate worker on the other side of the world, in Canada , Dubai or Hong Kong ? Are you on a secondment contract in Singapore , Switzerland , Australia , Brazil , England or another country? Nothing should prevent you from carrying out your real estate project in France. Using a real estate broker facilitates your access to credit and gives you the best possible rates.
Discover all the advantages of going through Pretguru for your credit as a non-resident: assess your mortgage now by trying our simulator . It works without registration and without obligation to leave your personal data. You instantly get an estimate of your borrowing capacity, easily.
Pretguru offers solutions adapted to several profiles of expatriate workers, but also for employees seconded from large French and multinational companies.
Ignore the obstacles usually encountered by non-residents, call on a specialized loan broker! With Pretguru, your personal broker helps you consolidate your file and make your real estate project a reality at the best rates and with the best borrower insurance. We simplify your access to credit, even if you have not lived in France for a long time.
How does the mortgage work with Pretguru?
Time saving
As you know, it’s often a headache to discuss directly with the banks when you’re not there… And even by choosing a broker at random, if he’s not used to dealing with this type of file, we can quickly find ourselves in an impasse.
Pretguru is the 100% online real estate broker specializing in expatriate lending . We centralize your loan request and bring it to the banks to obtain the best credit conditions. No more building multiple folders, repeating information, and reviewing terms and conditions.
From a dematerialized platform accessible 24 hours a day, you have all the assets to make your real estate project a reality .
The best real estate rates, for expats too
As approved brokers, we negotiate the best rates directly with the banks, without counterparties. Our network and our negotiating strength allow you to benefit from even better real estate rates than those offered by banks to their customers.
You benefit from a credit at extremely competitive rates , without additional costs, administrative fees or hidden clauses. We do not charge any application fees and we are only remunerated in the form of a commission, in the event that your loan is accepted. Thanks to our 100% online operation, you benefit from a premium service and real estate rates among the best on the market, in complete transparency.
