Act now to capitalise on the low mortgages rates in France

Beautiful scenery, tempting lifestyle and the affordable property of France aside, the rates of mortgages on offer are a big factor behind the demand for French property.

But why get a mortgage? There are three compelling reasons to leverage rather than paying the full sales price upfront. The first – especially relevant for British buyers – is that current mortgage deals can mitigate the unfavourable exchange rate, by allowing you to lock into a 10-year fixed rate, for 2%, for example. You can also put down a minimal deposit to reduce the amount you are transferring over right now. But if the price of your home goes up by, for example 2 per cent in a year, you are recouping the loss on the rate. Of course, depending on early-repayment penalties, you could also pay off a lump (or all of it) when the exchange rate improves – whatever deal you choose to take.

Another reason is that French mortgages are still at historically low rates – at around 2.0 to 2.5 per cent, for example, so that the repayments are relatively easy to service (especially if your property generates some income to part-cover these).

The final reason is that buyers who have their financing in place are in a stronger position to negotiate a good price and agreeing to purchase a home promptly.

If you want more information on French mortgages, please, do not hesitate to visit our partner’s website just here: ICE Finance

2 thoughts on “Act now to capitalise on the low mortgages rates in France

  • March 25, 2018 at 11:37 am

    Dear Leggett Immobilliere,

    I am actively lookink for a French property investment and would like to consider your
    proposal of a French mortgage as a potential option.

    I have tried to connect onto the ICE Finance website, unfortunately without any success.

    I was hoping therefore, if you could forward me any relevant information concerning
    French mortgages for UK residents.

    Yours sincerely,

    Raymond Brown.

  • May 1, 2018 at 8:16 pm

    Please would you be kind enough to send on information re French Mortgages. We are thinking of buying a French property and are interested in taking advantage if the low mortgage interest rates.
    Thank you
    Kind regards

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