Why It Could Be Best to Get a Mortgage, Even If You Have the Cash to Purchase Property Outright

Most people wouldn’t even think about purchasing a property in the UK without getting a mortgage, so why do so many people still pay cash on properties abroad?

Mortgages in France

Today we’re looking into why it could be best to keep your pennies in your pockets.

Mortgage rates in France are just as good as ever and are likely to surprise almost everyone across the world. They could help mitigate your risk and keep your cash to invest or simply keep under your mattresses for a rainy day.

At FrenchEntrée Mortgage we are seeing 2% *fixed rates for 10, 15, 20 or even 25 years being the norm, and that’s just the tip of the iceberg.

*Variable rates start at 1.75%, of course you are taking a bit of a gamble as the rate could increase. However, as they are capped around 2.75%, you don’t need to worry about them bursting through the roof.

Best of all, the *fifty-fifty. A product which very rare in the UK, the 50-50 is a mix of repayment and interest only, helping reduce your monthly costs and make your plans more affordable.

On top of this, getting a mortgage could actually save you money

Yes, you read that right, with a volatile exchange rate, who knows where it will be within the next 15 to 20 years, let alone tomorrow morning! By transferring small amounts monthly, you can bank on the exchange rate and get more euros for your sterling (or dollar) as the exchange rate improves.

And to make it even easier we have built a trusted partnership with moneycorp and have been working with them for almost 15 years. They could *fix a rate for you for 2 years, or even do market orders, and direct debits. All with the aim of making your life easier and more cost effective.

FrenchEntrée Mortgages will be able to give you personalised recommendations and help you move forwards with your plans in the most cost-effective way. You can fill in our form here and one of our experts will be in touch.

*Fixed Rates: A long-term mortgage, in which the rate is fixed for the full length of your loan.

*Variable Rates: A long-term mortgage, in which the rate will vary each year, but is capped at a maximum.

*Fifty-Fifty: A mortgage or loan divided half way into repayment and interest only.

*Fix a Rate: Currency Brokers can allow you to keep the rate as it is today for 2 years and trade at that rate regardless of market fluctuations.