We have just received an update from our French mortgage partners letting us know that following a downward movement in rates on the financial markets they have reduced their mortgage interest rates by up to 0.45%.
For example - at an 85% loan to value rate they are currently offering as little as 2.6% . They have quoted an example of borrowing 100 000€ across 20 years at 85% LTV which would result in monthly payments of approximately 535€ per month, excluding life assurance. Our lenders can also offer interest only mortgages when there is a loan to value rate of 75% or less.
We are seeing buyers negotiate some excellent deals across France at the moment as vendors are tempted to sell for less because of the strengthening euro. This, coupled with the downward borrowing rate movement makes it a great time to make the move to France.