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The following provides a simple financial simulation on properties at €100k ex VAT, €175k ex VAT, and €250k ex VAT.
| €100k | €175k | €250k | | Purchase Price ex VAT: | €100,000 | €175,000 | €250,000 | | Purchase Price inc VAT: | €119,600 | €209,300 | €299,000 | | Legal Fees: | €4,784 | €8,372 | €11,960 | | Total: | €124,384 | €217,672 | €310,960 |
Mortgage @ 80%:
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€99,507 |
€174,138 | €248,768 | | Deposit @ 20%: | €24,877 | €43,534 | €62,192 |
Mortgage Type: |
Capital Repayment |
Capital Repayment |
Capital Repayment | | Mortgage Rate: | Variable capped +3% | Variable capped +3% | Variable capped +3% | | Interest Rate: | 4.8% | 4.8% | 4.8% | | Duration: | 25 years | 25 years | 25 years |
Mortgage Repayments:
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€576 |
€1,009 |
€1,442 | | Monthly Rental Income (4.5%): | €375 | €656 | €937 | | Total Monthly Difference: | €201 | €353 | €505 |
Deposits |
| | | | Mortgage Deposit: | €24,877 | €43,534 | €62,192 | | VAT Rebate*: | €19,600 | €34,300 | €49,000 | | Net Deposit: | €5,277 | €9,234 | €13,192 |
You will benefit from recuperating the VAT on the property which can either be used to lower the balance of the loan to reduce monthly repayments or as often is the case used as a deposit for a subsequent property.
For a customised financial simulation and to discuss financing a property in France contact a sales consultant today.
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