French fixed-rate mortgages 'at lowest ever rate'

French fixed-rate mortgages have hit historic lows, making now a good time to search for properties in Languedoc-Roussillon and Rhone-Alpes property.

Some mortgage companies are offering rates as low as 3.3 per cent for a 15-year fixed period or 3.6 per cent for 25 years.

John Busby, director at Athenamortgages.com, said: "For UK investors looking for a safe, long-term investment, second home buyers or people looking to relocate to France, there has never been a better time to purchase French property."

He added that borrowing conditions are as good as they have ever been and property prices are well below their peak, meaning property investors can pick up some real bargains.

The firm stated that it has seen a sharp rise in the number of UK buyers looking to take out a mortgage in August, and September promises to be an even better month.

Figures released by Primelocation last month highlighted that established countries such as France are currently dominating property searches.
 

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