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 |
.
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
VN:F [1.9.16_1159]
Rating: 5.0/5 (1 vote cast)
August 4th, 2011 at 11:31 am
This is some great information, thanks for posting