Before you begin your property search it is wise to have a loan agreed in principle (should you require one) so that when you do find your dream property, not only will you know your budget more precisely, you can also act quickly. You will also need to ensure that you have enough cleared funds in your bank account to cover a 10% deposit to hold the property How do I fund my purchase in Monaco? Unless you are a cash buyer you will need to find a way to fund your Monaco property. Mortgage rates in France/Monaco are presently less that rates in the UK and Russia and finance is generally easy to obtain if you have adequate income. You can purchase property in Monaco without having to be a resident. Whether or not you are a resident you should be able to borrow between 50-70% of the purchase price through a Monaco bank. Please call us on +33 (0)4 93 16 95 81 or email us at info@attikaprestige.com so that we can put you in touch with one of our recommended lenders to discuss loan possibilities. |