The French-borrowing rate has fallen to a record low since 1945; and consequently, there has been a sharp rise in the number of inquiries from overseas home hunters looking to take advantage of the cheap fixed rate deals currently on offer. In addition, the €uro appears to have stabilised and confidence has returned to the currency.
As indicators show: the French property / mortgage market appears to have bottomed-out; non-residents can now benefit from these low interest rates and lock in a mortgage for 25 years, which is currently 2.70%, while a fixed rate for 25 years is 3.75%, all at a loan-to-value of 80%. With borrowing conditions being as favourable as they are currently, non-resident buyers have a great opportunity to pick up properties at fantastic prices and lock in their loans at incredible rates. This offer although is subject to status.
Even if you have not found a property, obtaining a mortgage pre-approval ensures you’re in the strongest possible position to move forward with your purchase as quickly as possible, and moreover puts you in a stronger position to negotiate the price.
So make sure you don’t miss this amazing opportunity and lock in your mortgage today!
Tags: French mortgages