French mortgage Watch Feb 2014


Feb 2014

French mortgage trends: Confidence returning and rates increasing.

French mortgage rates saw ultra-low levels for much of 2013 which helped to sustain a muted first part of the year. It was during the last 6 months of the year that French mortgage applications really took off, coinciding with a better economic outlook in the UK. All our partners reported a huge increase in interest, our own figures reflecting this with a surge in completions, which are… Read more

 

French Property Trends: Short term holiday lets in Paris

Crackdown on short term lets in Paris, John Busby on the BBC

 

Please see the coverage on the BBC here… (View here)

Best buys
Repayment
Rate Duration LTV Description
2.30%   20 years 80% Tracker mortgage 3m euribor +2%
2.40% 25 years 80% Tracker mortgage 3m euribor +2.1%
3.25% 25 years 85% Rate capped + 1.5% for 10 years
3.75%   20 years 80% Rate fixed for the term
3.95% 25 years 80% Rate fixed for the term
4.50% 25 years 85% Rate fixed for the term
Interest Only
3.50% 15 years 70% Tracker +2.05%
3.35%   10 years 75% Tracker mortgage +3.25% 500k
4.35% 15 years 70% Fixed rate
>> See complete list

*10 years

French Market Trends
Aver loan rates 3.1%
Aver bank margin 2.20%
Aver house price -5%
French inflation rate 0.7%
ECB base rate 0.50%
3 months Euribor 0.29%
TEC 10 2.21.%
*Direction based on prev monthly rate for yoy change

 

Currency Watch
Currency /EUR
1 GBP 1.20
1 USD 0.73
1 AUD 0.66
1 JPY 0.0071

French Property Market Trends 2013

French property trends: From the FPF Blog


<style=”font-size:12px; color:#131F40″>Paris property opportunity?

 

Along with its economy, France’s real estate market has suffered through 2013. And Paris has felt the pain more — in both the residential and commercial markets — than anywhere else…… (Read more)

Euro currency update The euro had a good 2013. It was the undisputed champion of the major currency league, strengthening by 2% against sterling and by 3.5% against the US dollar. Whilst it would be silly to state categorically that the euro will be unable to repeat its achievement in 2014, the chances of it doing so are between slim and none.
(Read more)Recommend to a friend | Best buys | Open Currency Account | Contact us |
French Private Finance is the largest French mortgage brokerage in the UK, with offices in London, and Paris. Working with a network of more than 50 resident and non-resident lenders in France, Athenamortgages.com and www.frenchprivatefinance.com provide access to a wide range of bespoke loans and mortgages for properties in France. *The rates in the table relate to loans available on the date of sending this newsletter. Unfortunately, we cannot guarantee these rates as the only way to secure a rate is to provide all the necessary documentation to the bank. This document is really for informational purposes only, for use as a guide.