Low French Mortgage Rates
Due to historically low French Mortgage Interest rates – French Mortgage Xpress have seen a sharp rise in enquiries over the past few months. There are some very attractive fixed rates on offer for standard variable French Mortgages which is driving enquiries into the French Mortgage Xpress website.
Matt Frost from French Mortgage Xpress says “Spring is here - we are expecting to see an increase of enquiries from people that may have viewed properties whilst on holiday and are now thinking of buying a second home or an investment property in France”.
Mortgage Interest rates in France are at a historically low level. The introduction of some new rates from between 3.15% – 3.60% (depending on the term of the French Mortgage from 10-25 years) is only going to drive more non-residents to look towards France for an investment into property.
House prices are at a value close to those in 2005 but will start to creep up in value over the next quarter. The first few months of 2012 will be perfect for securing that 2nd home in France or indeed a revenue generating property investment in France.
Early2012 is going to be a great time for non-residents looking to jump onto the property ladder in France, and secure a low fixed rate French mortgage” says Matt Frost.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
