Financing the purchase of a house

Financing the purchase of accommodation

The type of financing depends on the nature of the operation and the buyer’s income. It is recommended that the buyer have a financing plan studied by the ADIL, which finds the best solution.
Current interest rates for non-subsidised loans vary according to each credit establishment. Most often, the loaning organisation will request a mortgage guarantee. It may accept the guarantee of an insurance company or mutual insurance company.
In addition to principal loans, there also exist subsidiary loans at preferential rates for new accommodation, and, only recently and in particular in cases of professional relocation, for old accommodation. A CIL should be contacted.

Briding loans

Credit companies can supply a bridging loan when the sale of former accommodation, necessary for the new purchase, has not yet been completed.
In cases of relocation, CIL’s may grant company employees this type of loan for a duration of one year, renewable once only, for a sum equal to 70 % of the monetary value of the accommodation being sold. Also, some CIL’s have subsidiaries (SOFAL’s) which assist employees in selling their accommodation.

Taxes

Taxes and fees are paid with the acquisition of a home. However, in some cases it is possible to benefit from certain tax advantages.