CLV FINANCE is an independent mortgage advisor and specialises in organising French mortgages for non French residents.
We have developed tailor made solutions to suit all our customers' needs. We are here to guide you all the way and provide you with the best deal available.
The CLV FINANCE mortgage guide includes everything you would need to know before applying for a mortgage in France.
Your contact is :
Nicolas Hamon
info@clvfinance.com
Tel : 0033 240 157 485
Fax : 0033 240 157 495
Life assurance
In all cases, life assurance assigned to the lender is compulsory. Depending on the bank, this life assurance will be arranged by themselves by means of a flat premium group policy for all their borrowers, or it will be left to the borrower to organize a suitable policy in France.
Normally, where the life assurance is arranged by the lenders themselves, the monthly life premiums are included in the monthly payments quoted in the mortgage offer. In normal circumstances, the premiums paid are fixed, no matter what the age, sex and smoking habits of the borrower. In some cases, insurance against disability or temporary injury is provided. The borrower is usually assured for either 50% or 100% of the loan amount in accordance with the significance of their contribution to the mortgage payment.
The policy is not independent of the mortgage and is not owned by the borrower and will lapse upon redemption of the loan.