Mortgage Interest rates in France now at record low levels

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!


This entry was posted on Thursday, November 1st, 2012 at 12:49 pm and is filed under Finance, French mortgage . 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.

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