French-property.com Releases Guide to French Mortgages
Monday 16 April 2007
In recent years French mortgage lenders have become much more willing to offer loans to non-resident buyers, and the use of the internet and the availability of bi-lingual services now makes this a far easier process.
For example, French mortgage interest rates compare favourably to those in the UK, so it is likely to be cheaper to take out a mortgage on your French home than remortgage your existing home.
However, if you are buying a home in France, and you are continuing to derive your income from your home country, you need to weigh up the currency risk associated with obtaining a Euro mortgage.
Whilst there is a currency risk to non-resident buyers, if you are going to be permanently resident in France, there are good fiscal and inheritance tax reasons why you should consider taking out a French mortgage.
You can read more about French mortgages at Guide to French Mortgages .
For the latest in-depth analysis, subscribe to our news service at France Insider.
France Insider is a subscription-based offer which has replaced our previous free Newsletter.