Reductions of between 0.20% and 0.40% across a range of deals mean that buying a French property is now even more affordable. The rates are available through the broker’s specialist arm, Conti France, the only UK-based overseas mortgage broker with direct access to more than 120 French banks.
Clare Nessling, Director at Conti, says:
“France still accounts for the biggest number of mortgage enquiries we receive, and that shows no signs of changing. The country has become an increasingly attractive investment option, not least because of low interest rates, easy access from the UK, and good rental yields, but also due to some great property prices because of a slower market, which means that there are many motivated vendors who are willing to accept lower offers.”
The reductions mean that even more deals between 3% and 4% per cent are now available. These join the existing best buy rates of 2.09% and 2.49%, the lowest rates currently available through Conti.
Conti says that the French mortgage market has remained very calm throughout the global downturn, primarily due to its financial system having been more cautious in the past. It currently offers the widest range of finance options and best available rates in Europe for UK buyers, and as it’s in a relatively secure situation, loan to value ratios are still high and it’s quite normal to be able to borrow between 70%-85% of the value of a property.
