SENDING MORTGAGE AND OTHER PAYMENTS TO FRANCE:
Easier - Much Easier - Than You Think
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More than a few Just France Sales clients who are pursuing the purchase of a property in France have expressed concern about the mechanics of sending money overseas to pay a mortgage, a caretaker or even ordinary expenses like utility bills.
What about wire transfer fees? Shifting currency rates? How can I plan ahead financially if I don't know how much my property will cost me over the next two years? What happens if a payment is delayed in the mail?
As with most concerns about acquiring a property in France, there are easy answers to all of these questions. In short, matters of currency conversion or monetary transfers to pay owners, notaire fees or ordinary expenses should be the least concern of a buyer interested in acquiring a property in France.
Just France Sales works with foreign exchange services that can set up an account to pay your mortgage on a regular basis without your having to worry about it - and at fixed rates that can be set for up to 24 months regardless of currency fluctuations. Similar payment arrangements can be set up for caretakers or other expenses that are at a fixed amount.
For utility bills, which vary with usage, we can help you arrange in advance for these amounts to be deducted automatically from your French checking account.
At least one French property owner we know - the one writing this information - can tell you how many checks he writes a month to maintain his property in Provence: zero. Everything is by automatic withdrawal. And to protect against currency fluctuations, there are holding accounts, forward contracts and other tools by which you can lock in current rates. Assistance with these questions is just one of the many services we extend to clients who buy a property in France through Just France Sales.
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