French mortgage lenders 'will lend to Britons'

Mortgage lenders in France are still keen on providing homeowner loans to non-residents, it has been claimed.

According to French Mortgage Direct, many of the country's lenders are willing to allow buyers to borrow 100 per cent of the purchase price of a property with a capital repayment mortgage throughout France, deals that were previously only available in selected regions.

Sharon Hill of the firm described the news as "fantastic", adding: "A 100 per cent mortgage will go a long way to help enable the purchase of a French property and could help dreams come true."

She noted that such loans are available at either a fixed or cap and collar rate, with interest starting at 5.3 per cent over a 15-year period on properties priced above 300,000 EUR (263,000 GBP).

Earlier this month French property expert Patrick Joseph described buying property in the country as a "safe investment", noting that interest in the country's housing market still exists despite a recent dip.

Like this? Then share with your friends and colleagues!