Wednesday, 3 July 2019

French Mortgage Update

Good news across the board for non-resident borrowers this month.

For the first time it is now possible to get a French mortgage without life insurance, which will greatly assist those older borrowers, or people that had ample cover already in place.

New products are coming onto the market – you can now get a 20 year product with the first 5 years on interest only, and the remaining 15 on a capital repayment basis where both ‘legs’ are fixed at the outset. Guaranteeing you security from interest rate rises over the longer term.

Lenders are increasing their LTVs, giving more options for those borrowers wanting to borrow the maximum available.

Rates are being cut – due in part to new round of quantitative easing by the ECB, at least two lenders have decreased their rates over the past two weeks.

Monday, 1 July 2019

July news

We kick off July having endured a real heatwave at the end of June with some record temperatures established in France. This is therefore a very timely reminder to all clients planning to visit in July and August to plan their journeys well in advance, try to do as much as possible during the morning rather than the afternoon, and be pet aware if you have some furries travelling with you. The temperatures are significantly higher than you may be used to.

July is a great month of festivals in France. Most notably 14th when France's national day celebrations take place all over the country. Be prepared for more crowds at the most popular tourist spots. In addition to the warm, sunny days, you will be able to shop at the biggest and best outdoor markets and choose from a plethora of great events and celebrations that happen throughout the country.

Don't forget, it is also the month of the famous Tour de France, this 3-week cycling event is the sport’s most prestigious event. No win this year for Chris Froome though. The ladies World Cup football is also taking place in France, and at the time of writing both England and the host nation are still in the running.

Did you know that we have "sister" websites in addition to the main Allez-Français website? It can make your task a little easier if you are look for a specific type of property :

Prestige Property around 50 properties

Business Property around 70 properties

Golf Property a smaller selection

As always, our diaries are very busy, so please give as much notice as possible for viewings as many clients have been disappointed that we have not been able to fit them in over the last month.

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