We don’t often get to quote French mortgage rates. The banks are generally quite touchy about advertising the rates. In France the rules concerning “false advertising” are very strict and the problem with mortgage rates is that they change constantly. The actual rates will depend on the loan they are offering and it’ll depend on your circumstances (I think this might be a euphemism). The higher risk you present the higher rate you pay!
We work frequently with BNP Paribas and have done for a number of years. They have an English speaking office that is set up to deal with Foreign buyers of French property. They tell me they are “reducing their margin in a considerable way by proposing a significant decrease between 0.30% and 0.40% on most products in capital repayment and interest only, variable and fixed.”
So now all variable rates are below 4%!
- 3.30% to 3.55% in standard variable rate
- 3.50% to 3.95% in capped variable rate
- 3.70% to 3.90% in interest only variable rate
Low fixed rates are from 4.20% to 4.85%.
“These promotional rates will be available for sale for all new applications received from February 22nd until April 5th. After this date, these exceptional rates will no longer be available”.
What could you do with this money? Possibly put it towards a 6 bedroom chalet 10 minutes from the skiing?
Chalet Preles
At 372,000 euros this alpine chalet does seem to be a fair bargain?
All a bit dry? I suppose so. It’s Friday today so in theory I might be allowed out to ski this afternoon. I’ll try and take a picture. It should be good, blue skies, loads of snow and warm as toast!
Is this the Gareth Jefferies (AKA spiderman, action man canoest and any other adrenaline activity he could find at Leeds University that married Sam??? What a shock as I’m sat in the airport window sopping for a flat in the Alps!
If it is the Gareth I know drop me a line
Regards
Kev Roberts (the pretend climber and canoest from yesteryear!)