French equity release mortgages in France gaining in popularity

French equity release mortgages are increasingly popular with our clients at Athena Mortgages with many new enquiries coming in daily. The main reason for the interest is of course the exchange rate which has the euro very strong against the pound and a large basket of currencies.

Those who bought in the last few years borrowing against equity in their property in the UK or elsewhere to profit from the strength of the pound to purchase a dream or bargain property in France are now reaping the benefiting by releasing that equity in France, converting the funds to Stirling with a profit approaching 25%. Some of our recent clients are using the windfall to pay off a portion of their UK mortgages, fund new ventures or additional properties.

Getting an equity release mortgage in France is simple. You can remortgage your existing property up to a value of 85% using standard french mortgage products, subject to an affordability check, providing the supporting documentation and valuation. French equity release mortgage rates start from 2.9% on a variable rate basis and with current fixed rates for equity release mortgages in France starting at approximately 4% of a 5 year fix.

We are always ready to help you find out what the options are to find your plans and circumstances, so for a free and personalised review just follow this link to find out more about what paperwork is involved in getting French equity release mortgages in France or call +44 207 471 4515 to speak to Erwan, Laure, Arthur, Ryan, Mathilde or John.

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