French banks are reluctant to lend to foreigners

French banks are reluctant to lend to foreigners: they say that some banks have exhausted the annual limit of mortgage loans, writes Property Wire. "If you look wider, then at least two of the bank closed the office, working with foreign clients - is Societe Generale and UCB ... Several banks have reduced the settlement period for creditors from outside Europe, and one of the largest lenders now offering its products only EU citizens ", - says Director of Athena Mortgages John Busby. Expert advises buyers to recognize the possibility and terms of bank financing at the earliest stage of the transaction. A source: Property Wire