July 2015 – French Mortgage Transaction of the Month

Foreign expats living in the UK are also making the most of low French mortgage rates and have become a new buying force in the market as they too coin in on the strong pound.

This month’s French mortgage transaction of the month was processed for a Russian client, living and working in the UK, who wanted to exploit the weak euro and low French mortgage rates to buy an apartment in the South of France.

He chose Cannes as it stacked up in terms of rentability, with its countless shows, exhibitions and events happening all year round. We secured a loan of €250,000 on a €350,000 property at 2.55% fixed for 20 years.