A new French mortgage scheme now available- pure interest-only and reduced French interest rates

As of today there is a new pure interest-only mortgage scheme available for the purchase of French properties .

The scheme benefits from there being no requirement from the French lender for a side investment, it is a pure interest-only French mortgage product.

The scheme is a variable rate mortgage linked to 3 month EURIBOR , benefitting from the security of a cap of +1% on the initial interest rate in the first 7 years of the mortgage term should French interest rates increase . The maximum duration is 14 years. 

FOR A LIMITED PERIOD - Certain capped rate mortgage schemes benefit, as of today, from a reduction in interest rates of 0.1% pa for mortgages equal to 60% and 85% of the purchase price . 

For further details of the two mortgage schemes, please contact Javier at Charleshamer.co.uk.