1. When buying a property in France, you must never pay any part of the purchase price direct to the seller. The full purchase price (less the deposit which may sometimes be paid to the estate agent) must be…
Articles by Barbara Heslop
Our experts answer questions from our readers. In this case, the query is about the validity of a foreign power of attorney in France.
Of interest to both buyers and sellers. Legal experts from Heslop & Platt detail how money changes hands in a property transaction.
The French conveyancing system is very well organised and secure. There is no equivalent of reported problems with non existent title deeds (such as in Cyprus) or invalid planning permissions (such as in Spain). So what should those preparing to buy a property in France be wary of?
Nowadays, few families exactly resemble the nuclear/traditional family which the French Civil Code seeks to protect with its strict succession laws – often referred to as “forced heirship rules”. Deciding who will benefit on your death is a complex subject.
French planning law and taxes is a huge topic to cover, however the rules and procedures were somewhat simplified by legislation which came into force in 2012.
There is an underlying expectation in the UK that banks should show consideration for borrowers who find themselves in difficulty and should treat them gently. However, that’s not how it is seen in France. The mortgage deed entitles the bank to repossess if the loan is not repaid.
The purchase of land in France is reasonably similar to the purchase of an existing property. However, there are a few differences to be aware of and additional considerations are necessary…