News about French Mortgages

In the last few months, a significant decline has been observed in the costs associated with a French mortgage. This has lead many to believe that Read more »

•    In the UK & France interest rates for mortgages are very similar. For instance, in both countries the average interest rates is 3.70% for tracker mortgage rates. Therefore the cost of borrowing is quasi identical on both sides of the Channel. Read more »

The pragmatism of astute real estate buyers will lead them to take ona French mortgage instead of buying cash. Read more »

A handful of expert economists thought last month that the ECB rate tendency to diminish will persist over the coming months. Read more »

It is quite well known that, since 2008, banks in the UK and in France have made life very difficult to self employed looking to get finance to buy propertiesin the UK or in France. Read more »

When applying for a French mortgage for the purchase of your French property, the most important aspect to consider is the type of interest rate to choose. Read more »

Today, individuals buying a French property can borrow using a French mortgage for an average interest rate of 4.05% over 15 years and 4.30% over 20 years. Mortgage rates have stabilised in June after six months of sustained increase. This trend seems to persist today. Most major banks have not truly changed their margins, apart from some banks that have slightly lowered their rates in September. Read more »

At retirement age, customers might need a small mortgage or loan to buy a new home, a holiday property or  a new car for them or as a gift to their children. Read more »

Generally, French lenders will lend up to 80% of the purchase price to non-residents, although each lender has different criteria.. Some lenders will also add in the mortgage amount the notary fees (notary fees in France can range between approximately 2.5 and 8% depending on whether or not the property is a new build and therefore benefits from reduced fees).

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It is good news: as a result of the decrease of the 10 years OAT (government bond rate), two banks (out of eight) reduced their French mortgage rates while the others opted for keeping rates stable. Read more »