March 2010

Existing French Leaseback Property Owners

Refinance up to 85% of your French property value

1. •Purchasing another property
   

2. •Renovating existing property
   

Equity Release up to 70%

1. •Purchasing work of Art
   

2. •Buying Goods
   

If you own a French Leaseback property and purchased it with personal funds, consider a French mortgage to avail of funds.

If you purchased your French Leaseback property in the last 12 months, a ‘new’ mortgage can be obtained for 80% of the purchase price.

If you purchased your French Leaseback property later than 12 months ago with personal funds, an ‘Equity’ release mortgage is available for up to 70% of the property value.

If you purchased your French Leaseback property with a French mortgage and would like to avail of more competitive rates or terms, the ‘Refinance’ mortgage is available for up to 85% of the property value.  More competitive rates of 2.85% for initial period followed by 3.19% over 20 years. NB Monthly repayment remains constant, with the term length contracting or extending with interest rate fluctuations

85% Equity possible when purchasing another property, or renovating.

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Existing French NON Leaseback Property Owners

If you purchased a NON French Leaseback property with personal funds, consider a French mortgage via an ‘Equity’ release

Refinance up to 85% of your French property value

1. •Purchasing another property
   

2. •Renovating existing property
   

Equity Release up to 70%

1. •Purchasing work of Art
   

2. •Buying Goods
   

85% Equity possible when purchasing another property, or renovating

Why should you consider a French mortgage now in January 2010?

There are Repayment loans available at 70% and up to 85%(purchasing another property, renovating) with rates at 2.9% over first 3 month period, followed by 3.24% for the remaining term of the loan. NB Monthly repayment remains constant, with the term length contracting or extending with interest rate fluctuations

Current French mortgage holders may be paying higher rates than these, and can avail of a ‘Refinance’ and avail of 2.85% over first 3 months, followed by 3.19% for the remaining term of the loan. NB Monthly repayment remains constant, with the term length contracting or extending with interest rate fluctuations

Switch from repayment to ‘Interest Only’, and avail of rates of 2.95% for first 3 months, followed by rates of 3.29% for the remaining term of the loan. NB Monthly repayment remains constant, with the term length contracting or extending with interest rate fluctuations

Please click here to view video tutorials on the costings of the property against the mortgages for the two examples above.

NB

The properties in Cannes are complete and existing with rental income effective immediately.