Transaction of the month – 20 year fixed rate French mortgage in the 3 Valleys at 3.25%
Our transaction of the month for July was on a fantastic property in the French Alps. It has been great to see fixed rates back to historic lows and a fixed rate for 20 years at 3.25% creates a lot of value over the long term. This was a 70% French mortgage in the 3 Valleys on a leaseback property in Les Menuires priced at €330,000 excluding VAT.
The property has a guaranteed rental income of 3.3% and a week in high, medium and low season which means the owner is set to receive a good level of returns whilst also being able to use the property during some great periods across the year.