+ 44 (0) 1844 218 957
+ 44 (0) 1844 218 956
Independent Financial Adviser est. 1988
French and Spanish Mortgage Brokers
French Tax Planning Specialists

Current French mortgage interest rates for the purchase of holiday homes

Friday, 1 March, 2019
img

 

Current French mortgage interest rates - purchase of holiday homes

Below is a small selection only of the latest French mortgage rates available through Charles Hamer Financial Services . The APRC calculation is based on a mortgage amount of 200 000 € and for the term given in the subsequent column

 Mortgage Scheme

Maximum LTV

Starting rates from

Type of scheme

Mortgage

Term

in years

 

    A) Fixed rate

85%

1.05%
(1.90%)

 APRC 

Repayment

      10

 

B) Fixed rate

85%

1.35%
(2.10%) APRC

Repayment

      15

 

C) Fixed rate

85%

1.60%
(2.30%)APRC

Repayment

      20

 

D) Capped

variable

85%

2.05%
(2.20%) APRC

Repayment

      20

 

E) Variable

75%

2.20%
(2.30% )APRC

Pure Interest only  

      14

 

F) Capped

variable

80%

2.05%

&

2.30%
(2.40%) APRC

Combined

Half & Half interest -only

 &  Repayment

First 14

From 15- 20

    

 

         
         
           
           
Schemes A – C -  bank requires between 10% -25% of the mortgage amount to be  held on a French bank account.
Schemes D -  F - there is no  BROKER FEE
 
The above schemes are provided as a guide only. Their availability is conditional on being able to meet lending policy criteria which will vary according to the nature and location of the property as well as the financial status of the borrower. The duration of the mortgage will be dependent on the age of the borrower at the date of application. The schemes are available to non-French residents. Please contact us for all schemes and rates available based on your own mortgage requirements and individual requirements.

The choice of mortgage scheme interest rate and terms and conditions are subject to your individual circumstances and the amount of the mortgage. Please contact us to enable us to discuss your requirements and personal financial circumstances to confirm that you meet criteria for any of the above mortgage schemes.  The above details do not constitute a mortgage offer, all schemes and mortgage applications are subject to the bank’s full understanding and underwriting process

Before you make a mortgage application, we will carry out a full review to establish your needs and preferences and if you meet the criteria, we will give advice and make a recommendation to you. Depending on the scheme there may be a fee for our mortgage service. All mortgages are subject to status. Please note that all products show an indicative rate only and may not be suitable for you. You must be 18 or over.
 
APRC For the purpose of calculating the estimated APRC we have included the following costs:
The mortgage registration fee, (the charge paid via the notaire to register the mortgage charge on the property) ;any bank arrangement fee , and where applicable our fee for providing the mortgage service
Whenever it is a condition of the mortgage, an estimated cost of life assurance based on the French bank’s block policy has been included , assuming acceptance on standard terms. Note that Life assurance is not always a compulsory requirement. Please contact us for further details.
.
Top