+ 44 (0) 1844 218 957
+ 44 (0) 1844 218 956
Specialists for individuals and small businesses in:
French Tax Administration Services
French Tax Planning
UK Tax Administration Relating to French matters
French Tax Administration Services
French Tax Planning
UK Tax Administration Relating to French matters
French mortgage deal of the week
FRENCH MORTGAGE DETAILS
EUROS
Repayment Mortgage 628 000
Fixed interest rate 1.00%
Mortgage payment pm 2 888
Term in years 20
Estimated French life assurance pm 295
APRC 2.1%
Background
The purchase price of the French property is 898 000 Euros
The mortgage represents a loan to value of 70% of the purchase price
Whilst all long term fixed French interest rates carry early redemption penalties equal to 6 months interest , (capped at 3% of the outstanding mortgage capital) , the bank agreed to waive all early redemption penalties, enabling our client to repay capital, when it is convenient and when the funds are available to do so.
The bank does not require a side investment.
The APRC quoted (annual percentage rate of charge) serves to illustrate the anticipated costs over the full term of the mortgage taking into account the following estimated costs:
Euros
The bank arrangement fee 1000
Charles hamer arrangement fee 6000
The estimted mortgage regisration fee 5652
The interest paid over the mortgage term and the cost of the French life assurance policy
Please contact us if you would like to discuss your mortgage requirements - mortgages@charleshamer.co.uk . Tel 01844 261886
