Live longer and be happier with a mortgage in France

It's official, the France is now sitting pretty at the top of the league for the European quality of life index according to a study from U switch published yesterday. The report paints an idyllic picture for those citizens from the UK who can move to France where they will enjoy lower costs for life's essentials such as food and fuel, early retirement, more holiday, more sunshine, better heath care and a longer life by 2 years. Access to the more relaxed lifestyle available in France is accessible to the Brits who have the highest average salaries in Europe and many more are now enquiring about properties and mortgages in France according leading French brokers.

In August and September enquiries for mortgages in France at Athena Mortgages were up, with many enquiries for 100% mortgages. Mortgages in France are available at rates from 2.35% on a variable basis, long term fixed rates starting at 4%. The availability of credit at these rates and at this level of loan-to-value is encouraging buyers who otherwise might be put off by the strength of the euro versus most other currencies. Competition amongst French banks is also increasing, driving down bank margins. Innovation has made a come back to the market place signalled by the recent launch of a next generation hybrid mortgage which allows borrowers to split their loan amount into a portion on interest only and a portion on repayment, subject to a minimum loan of €300k.

Whilst we can't all move lock, stock and barrel across to France to endlessly enjoy the delights of good climate, shorter working hours, better doctors, cheaper petrol and more holiday, we can can perhaps purchase a property in France to sample the lifestyle when we can.

To apply for a mortgage in France, that may increase your chances of living longer and being on the whole happier, you will need to be employed or have 2 years accounts if you are self employed. To find out how much you can borrow in France just give us a call on +44 207 471 4515 and we will let you know what size mortgage you could obtain.

Posted in: French mortgage,Reports