| French banks 'look to lure overseas investors' |
|
|
|
Overseas property investors will find that French banks are offering "increasingly competitive" products, it has been claimed Matthew Weston, overseas mortgage manager with Blevins Franks, believes that the country's financial intuitions are worried that the boom in the French housing market is coming to an end and, for this reason, they are keen to attract borrowers. This means a large proportion of lenders in France are now offering potential customers new or enhanced products.
Weston said: Mr Weston said: "We've seen higher loan-to-value ranges, up to 90 per cent, longer terms, 30 years for example as opposed to 25 years, and cheaper setup fees." One bank has launched a product Mr Weston says is designed specifically for overseas investors looking to invest in buy-to-let properties - a fixed-rate, interest-only mortgage though to be the first mortgage of its kind to be made available to non-residents.
The Association of British Travel Agents' Holiday Trends 2008 report predicts that France is set to be the second most popular holiday destination for Brits in the year ahead. |
||
| Next > |
|---|
