Looking to Finance a holiday home in France? Page 2

For many buyers, the best bet is to use a mortgage broker specialising

Mortgage - does it give the best deal against your home
A basic intorduction to the different types of mortgages available and their uses.
Mortgages. Encouraging stronger personal economic growth
You have to shop around for a good internet rate whether it be fixed or adjustable (variable).
Foreign Currency Mortgages. What are they and what are the risks?
Foreign currency mortgages could save you a lot of money but the risks are high. This article explains.
ReMortgaging is it still worthwhile
Rate Tart is the name coined by the mortgage industry for borrowers who switch mortgage lenders chasing lower interest rates. Call them Rate Tarts if must, but they'll be the richer for it!
Mortgages. The pitfall of Interest Only mortgages.
Interest Only mortgages have become increasingly popular. Why, and what are the concerns?
HIP's – the full story
Ready, steady, go! With just three months to sell your home using the forthcoming and compulsory information pack, you need to get your act together. Here we face the facts.
Life Insurance News
in overseas mortgages. You'll find suitable candidates on the Internet by searching for "foreign mortgages" and "overseas mortgages". ( life insurance policies ) These brokers know all the French foibles that will catch the uninitiated by surprise.

If you have a 20% deposit, French institutions are offering Euro mortgages at 2.95% variable, over 20 years. If you want a fixed interest rate you'll be paying around 4-4.5% for a 20 year fix.

The French arms of Barclays and HSBC will ask you for a 30% deposit but they have some ( medical insurance ) tempting fixed rates. Barclays France is offering 3.6% fixed for ( home insurance ) up to seven years or 3.9% fixed for up to fifteen years. These are interest only deals not repayment mortgages.

But watch out - the French banks ( cheap car insurance ) try to charge 1% facility fee and the Notary, the equivalent of our ( life assurance ) Conveyancing Solicitor will hold his hand out for another 1%. Our advice is to be very un-British and haggle! There are also some UK solicitors offering notary services for buying French properties and they're much cheaper!

Statutory Wealth Warning:
Your home may be repossessed if you do not keep up your repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.

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