I hope this message finds you all well and that you’re all living your best mustachians lives!
We are a couple based in Geneva with Swiss contracts and thus earnings CHF. We want to buy an apartment and then rent it in nearby France (cheaper than Switzerland). My wife already has an account in a French Bank (in €) but we’re facing a massive hurdle since all banks we reached out to told they could:
A. Not lend money to non French resident
B. Only lend money if we’re bringing a minimum 28% cash upfront
Did some of you faced the same problem ? If yes, did you managed to find a more cooperative bank ? Or is bringing those 28% the only solution? We reached out to swiss banks as well but since our project is to buy in France they were asking for a minimum of 30% cash. Hardly a good option!
Many thanks for your help and looking forward to your feedback!
Have a great day,