The French property market has always been attractive to those looking to buy property abroad and for a many years it has represented a good investment in an economically stable country. For anyone interested in buying in France, like in Britain, there is a wide variety of financial solutions open to you. It is no longer necessary to borrow against the value of your primary home to finance a second property in France. Banks are considerably more willing to lend money to overseas residents, especially as it is seen as a good source of income for the country.
Many would say that France has a little something for everyone. The property market is so vast and varied. After a few years of poor performance, the future of the French real estate market is starting to look up and some people are starting to invest in France again. Currently not only is it possible to find good properties at rock bottom prices, but interest rates are at an all time low. There really has never been a better time to get a mortgage on a property in France.
If investing in France does interest you, you may need to decide whether to take a mortgage from a French bank, or a bank in your country of residence. However you may find yourself drawn towards finding a mortgage from a bank in France. There are many reasons for this. Firstly you may find that it is hard to get a mortgage from a bank that isn't in France, this is due to international repossession laws. Furthermore, currently across the Euro Zone there exists a wide range of stimuli which is intended to boost the recovery of the economy and assist the property market. It is also worth noting that banks in France are currently much less hesitant at offering mortgages to foreigners, with banks willing to accept up to 85% loan to value for non-residents. Mortgages start at around 2.8% interest and with a maximum term of up to 30 years. It is likely that you would receive a considerably more profitable rate from a French bank.
Overseas Mortgage is an international mortgage brokerage. We specialise in providing financial solutions for those wishing to invest in property abroad. If you have any questions for us or you wish to make an enquiry, please do not hesitate to contact us.
http://overseas-mortgage.co.uk/
Many would say that France has a little something for everyone. The property market is so vast and varied. After a few years of poor performance, the future of the French real estate market is starting to look up and some people are starting to invest in France again. Currently not only is it possible to find good properties at rock bottom prices, but interest rates are at an all time low. There really has never been a better time to get a mortgage on a property in France.
If investing in France does interest you, you may need to decide whether to take a mortgage from a French bank, or a bank in your country of residence. However you may find yourself drawn towards finding a mortgage from a bank in France. There are many reasons for this. Firstly you may find that it is hard to get a mortgage from a bank that isn't in France, this is due to international repossession laws. Furthermore, currently across the Euro Zone there exists a wide range of stimuli which is intended to boost the recovery of the economy and assist the property market. It is also worth noting that banks in France are currently much less hesitant at offering mortgages to foreigners, with banks willing to accept up to 85% loan to value for non-residents. Mortgages start at around 2.8% interest and with a maximum term of up to 30 years. It is likely that you would receive a considerably more profitable rate from a French bank.
Overseas Mortgage is an international mortgage brokerage. We specialise in providing financial solutions for those wishing to invest in property abroad. If you have any questions for us or you wish to make an enquiry, please do not hesitate to contact us.
http://overseas-mortgage.co.uk/