A Mortgage on Your French Property

France mortgage has always been a popular investment for those looking to invest abroad, and for a long time it has represented a sound investment. Like Britain there is a wide variety of financing solutions available to you if you are seeking to invest in French property. Gone are the days when you need to borrow against the value of your primary residence, French banks are much more open to selling mortgage to non-residents than in the past. However if you intended on moving to France, this was never an issue for you.

From sun soaked villas in the south to charming flats in Paris and ski resorts in the east, the French property market seems to offer something for everyone. Property prices in the main resorts of the south coast has maintained their value throughout the financial recession. However other parts of the country were more effected and it is possible to get a lot of property for your money. After some slow years, the property market in France is beginning to recover, with some people believing the smart-money is investing in France once again. Currently, France, like the rest of the Euro Zone is subject to the record low interest rates. There has literally never been a better time to get a mortgage in France. Although, there are things to bear in mind when deciding whether to choose a French bank or a bank in the country of your residents. It is likely that the positives by far outweigh the negatives when deciding upon a bank in France.

It is important to remember you may find it a struggle to get a mortgage from a bank not located in France, this is due to laws regarding repossession. Nevertheless, across the Euro Zone there exists a copious quantity of stimuli intended to induce a sustained recovery of the property market in the wake of the financial crisis. Banks in France are currently willing to lend up to 85 percent loan to value to non-residents, a considerable contribution to those of you not willing to part with all your capital.

With mortgages starting at 2.8 percent and with a maximum length of 30 years, you are likely to receive a much more preferable quote from a French bank. Some estimates state that on a 100'000 Euro mortgage, you would be saving approximately 1500 Euros a year in repayments. The positives really appear to outweigh the negatives.

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