I am French, but have been living in the UK for the past 20+ years, where I pay all my taxes. Recently, I have inherited a small amount of money in France from my late grandparents, which I would like to use as a deposit to buy a flat in France with my wife (who's British), as an investiment property (for letting).
However, the bank is imposing some draconian restrictions which in practice means they won't lend money to us because we can't meet their requirements of minimum income or personal wealth. Apparently, this is because we are "non residents", i.e. don't pay our taxes in France, and they claim those restrictions are imposed on them by the UK government, not of their own choosing. It's not clear whether it's their interpretation of whatever regulations/restrictions are in place or whether their hands are really tied. I have done some searching on the Internet but came up blank. I have also contacted the UK embassy/consulate in France, who were unable (unwilling?) to answer my questions.
Does anybody know what restrictions are imposed by the UK on French financial institutions for lending to non-residents? I have only approached one bank so far, the one I've been with all my life.