Posts Tagged ‘french mortgage broker regulations’

Ascension Bank Holiday

Wednesday, May 12th, 2010

Thursday 13 May is Ascension Day and in France this is marked by a Bank Holiday. Because the French Bank Holiday falls on a Thursday, many people will make it a long weekend by taking Friday off as well. In France this custom is common, and it’s called “faire le pont” literally “make a bridge”. The previous two public holidays both fell on a Saturday and in France they are forfeit, not rolled over.

For house hunters this may mean you cannot get a viewing appointment until next week. Expect to find a sign in the estate agent’s window announcing “Fermeture exceptionnel”. You can still research the French mortgage market online. Learn more about French mortgages and how a good mortgage broker can help you from our website, Best French Mortgage.

The online portal for Best French Mortgage will be open throughout the weekend, of course, so you will still be able to apply for your French mortgage. We promise to find you the best French mortgage from top tier French banks and mortgage providers. We don’t charge clients for our mortgage broking services.

Best French Mortgage are the leading online French mortgage broker:

Click here to apply for your French Mortgage.

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French Mortgage Brokers and Regulations

Saturday, June 6th, 2009

Mortgage Brokers in the domestic United Kingdom market have been regulated since October 2004 by the Financial Services Authority (FSA).

The FSA’s overriding principle is that mortgage information should be clear, fair and not misleading.

It also places brokers under an obligation to find the most suitable product for their client and to demonstrate that they have sufficient background knowledge of the client and of the market to give professional guidance.

No such regulation exists for French mortgage brokers and many act under neither regulatory nor ethical constraints. Products and pricing advertised may not be deliverable as stated.

Best French Mortgage has always followed a voluntary code of practice which assumes the same ethical constraints and good business practice as if we were regulated by the FSA.

We do not “headline” specific pricing because rates change on a daily basis. We do not offer quotations without background information. We have contacts throughout the market.

We give sound and honest advice and discourage clients who may be over-extending. We charge no fee and are paid only for successful dossiers by the lenders themselves.

Click here to apply for one of our 90% French Mortgages.

©BestFrenchMortgage

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