August French Mortgage Update

After six months of rises, banks are making the most of a calm spell for the OAT during the summer holidays and stabilising their mortgage rates. This status quo will remain for the summer with over half of French banks maintaining their rates. For those that aren’t maintaining them, the changes are minimal.

However, considering the economic uncertainties in Europe, it’s difficult to know what to expect for September, normally the most popular month for buyers and thus for competitiveness between banks trying to offer the best rates available.

 

Rate Type Interest Rate Maximum Rate Term Monthly repayment for €100,000
Variable Interest Only 3.85% 80% 7 €321
Variable Repayment 2.60% 80% 20 €535
Fixed Interest Only 3.55% 80% 10 €317
Fixed Repayment 3.85% 80% 25 €520
Capped Repayment 3.35%+1.20% 80% 20 €572

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For more details regarding French mortgages, you can have a look at our French mortgage Best buy tables or visit our French mortgage website.
If you would like to receive a free quote with no obligation, contact our in-house mortgage consultants

by telephone: 0207 428 4918 or by email: info@sextantmortgages.com

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This entry was posted on Monday, August 1st, 2011 at 5:07 pm and is filed under Finance, French mortgage, French Property . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “August French Mortgage Update”

  1. HPL Properties Says:

    This is some great information, thanks for posting


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