Wednesday, 3 July 2019

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.

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