French Mortgages Fixed 1st 5 years – 3.6%
Property ownership in France has been a firm favourite with the British for many years now, driven by strong growth rates and good investment yields for the second home owner and investors alike.
The good news for buyers of Investment Property in France is that there is an abundance of property all over the South of France; a restored Mas, stylish new builds, a pieds-a terre, family villas or even winter sports apartments. Capital appreciation is good and rental yields are strong. The Cote d’Azur is second only to Paris in price, but you don’t need a fortune to buy. A good rental yield from an investment property can be achieved with so many tourists and the enormous quantity of conferences throughout the year especially in Cannes. This makes the South of France an excellent choice for your Overseas Property Investment.
For second home owners in the South of France and property investors – 2012 is the perfect opportunity to buy into some of the most desirable towns and cities such as Cannes, Nice and Antibes on the Cote d’Azur. The French banks have not suffered like their UK counterparts, meaning they are more inclined to lend to the foreign Property Investor who might not have considered France before. Coupled with some extremely attractive loan rates, France is fast becoming an astute investment for UK and foreign property investors.
Interst Only Hybrid
Terms:
- 3.6% Fixed 1st 5 years
- 80% Loan to Value (20% deposit required)
- Loan period: 8-20 years
- Primary, secondary residents/holiday home or investment property, home improvements
With the Interest-only mortgage there are additional benefits to give you extra flexibility:
- You can include payments of the principal to your interest-only payments anytime you want and for as long as you want.
- You can make early repayments towards the principal with no penalty, either partially or totally.
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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.
