French mortgage transaction of the month

Transaction of the month – 15 year variable interest only at 2.60% for a French mortgage in the French Alps

€480,000 loan on an investment property

This French mortgage in the French Alps went through after some trying as there was an issue that the developer had used a guarantie intrinseque to guarantee that the property was built as per the contract. These days most French banks ask for a garantie extrensec (a guarantee of completion of the property from another bank) in order to lend.