Best French Mortgage Interest Rate 3.15%
Compared to cities such as London in the UK and Madrid, property prices in Cannes and surrounding towns in the South of France are still relatively good value. The French interest rate which is set by the European Central Bank is still historically low. Many French Mortgage lenders have extremely flexible products of under 3.5%. One such French Mortgage Rate is 3.15%!
2012 is a buyers market and borrowings are great value. According to FNAIM (The French National federation of Real Estate) things are stabilizing and prices are currently related to the levels they reached in the 3rd quarter of 2005.
So, as a UK property investor or simply looking for a sunny retreat – 2011 is definitely the time to invest in a property in Cannes, Valbonne, Mougins or the many of the other French villages and towns in the South of France.
Terms:
- 3.15% – 20% deposit required
- Minimum loan £100,000
- Minimum 20% down payment
- Maximum term is 20 years
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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.
