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3.15% French Mortgages over 20 years

18 November 2011 No Comment

2.50% French Mortgages over 15 yearsTerms:
Minimum down payment: 20%
Minimum loan amount: €100,000

This gives the UK based property investor in the South of France great security. The South of France is a hugely popular tourist destination, especially amongst Europeans. Nice International Airport is France’s second largest airport behind Paris. There are also a large number of the budget airlines such as EasyJet servicing Nice from all the major European cities, offering great value flights. Plus, the Côte d’Azur is less than a 2 hour flight from most European capitals such as London & other Northern European capitals. You are promised a mild climate in the winter and a wonderfully long, hot summer – The South of France boasts over 300 days of sunshine a year.

Compared to cities such as London and Madrid, property prices are still relatively good value. The French rate of interest which is set by the European Central Bank is at a historical low. According to FNAIM prices are stabilizing and prices are currently related to the levels they reached in the 3rd quarter of 2005. So, 2012 is definitely the time to invest in a property in Cannes, Nice, Antibes or anyone of the many beautiful villages in the South of France.

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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.