Our clients, a British couple residing in the UK, were keen to refinance their interest-only credit line which was approaching its term. Our clients wanted to remain on an interest-only mortgage loan to manage their euro cash-flow and minimise exposure to French Wealth-tax.
AB Private Finance solution: Working closely with our lending partner, we successfully arranged a new 5 year renewable bullet loan at a fixed rate of 1.1% for an amount of €3.7 million euros. The new loan which did not require the assignment of a life policy was secured against the French Châlet. The lender also asked for a collateral in the form of a portfolio with a gross value of € 1.2 million euros