French Property Forum

[Birdy]

Hello,

Why sould I go for a French mortgage instead of a UK one?

[Rasmuss]

There are many advantages in having a French Mortgage; Euro mortgage rates are substantially lower than U.K. mortgage rates, sometimes up to 2% less.

They are more stable too, as they are influenced by the European Central Bank and so you are protected from fluctuations in the euro-pound exchange rates.

[Noeli]

You can use the French property as security thus preserving the equity on assets in your own country.

You can also offset the mortgage interest in your tax declaration when the property is let out.

French consumer laws provide greater protection for you, the borrower. For example: you have ten days during which you can revoke your offer and if the mortgage is not approved the vendor is obliged to refund all monies paid to him in advance.