Transaction of the month – 3.2% interest only for a French mortgage in Val d’Isere in the Alps, fixed for 9 years
€2.5m the French mortgage in Val d’Isere in the Alps for a property valued at €6m
This month we received an agreement for a loan at €2.5m on a property in the Alps valued at €6m. The rate on the loan is 3.2% fixed for 9 years on an interest only basis. This rate represents excellent value as the recommended rate for the French government to borrow at ( the TEC 10 index) is currently 1.8% meaning this loan has an effective margin of 1.4%.