French mortgage transaction of the month

Transaction of the month – 25 year hybrid at 2.40% for a French mortgage for a Château in Gers

€ 1,000,000 for a Château in Gers

It is always interesting to work on a French mortgage for a Château in Gers, particularly as the valuation by the bank can often be different than the purchase price. We obtained a 70% loan in this transaction with a period of interest only for 3 years, followed by a repayment period of 22 years.