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09/05/2008, 19:16 Paula T Joined on 06/05/2008 Posts 9 Interest Rates Hi, Can any one advise what the current interest rates for a mortgage in france is at the moment? and which companies are the best to deal with, with the best offers? Thanks Paula    Report

13/05/2008, 16:32 Frenchmortgagedirect Joined on 13/05/2008 Posts 2 Re: Interest Rates Hi Paula, There are plenty of offers on the market at present, with some low "teaser" offers, so remember not to just look at the initial starting rate of the mortgage, but all of the costs involved. Things you should consider for variable or tracker mortgages are: - what is the revision rate (ie. is it linked to the Euribor 1 month, 3 month, 12 month etc) and what is the lenders margin (ie. 1.1% above Euribor X month, 2% above Euribor X month). The revision rate will make a big difference so its very important to know this as you'd be upset if your rate suddenly shot up after the initial period! - what are the early redemption penalties involved? Note a lot of French mortgages have them but some don't. - what are the lenders arrangement fees? - what is the brokers fees? Some brokers charge to process your mortgage as well as earning a commission from the lender. You should ask how much they charge upfront. - what is the monthly insurance cost for the mortgage? This varies greatly from lender to lender and can have a huge impact on the overall amount you have to pay each month. There are other things as well but the above is a summary of how to find a good mortgage. For information, rates are as low as 4.75% for a long term fixed at the moment. To get a good idea of rates available it would be good to know your criteria. Best of luck Sharon    Report

13/05/2008, 16:51 Benjamin Joined on 21/08/2005 Vendée South Posts 1,564 Re: Interest Rates I came across this site in an English language newspaper (French published). It purports to give "best buy" tables which we're used to seeing in the UK. It is however run byInternational Private Finance Ltd. which looks like a commercial company in that particular field so I can't vouch for how independent it is. The site is www.frenchmortgagebestbuy.com. I have no commercial or any other interest etc. etc., in fact I haven't even visited the site as thanfully our mortgage days are over.  Benjamin Snips, snails and puppy dog tails    Report

13/05/2008, 17:29 Ron Avery Joined on 29/11/2004 Aveyron 12 Posts 3,096 Re: Interest Rates I wonder how long Frenchmortgagedirect has been lurking just waiting to make their first post?  How lucky they joined the same day as a post was lying unanswered from a poster who had a question they could answer and give chapter and verse on,  you wouldn't believe it unless you saw it with your own eyes  Ron in the Avey-ron    Report

13/05/2008, 17:40 ErnieY Joined on 05/12/2006 Nr Prayssac (Lot) Posts 2,942 Re: Interest Rates The pursed lips and wagging finger of a milk monitor surely cannot be far away............ My doctor said one drink per day, I can live with that !    Report

13/05/2008, 17:48 Cat Joined on 21/01/2005 ------- Forum Moderator ------- Lot Posts 2,787 Re: Interest Rates Erm, but they didn't join on the same day, or even post on the same day.  Have you never heard of Google alerts?  http://www.google.com/alerts Purse, purse, wag, wag Cathy Sun, sun, sun, here it comes...    Report

13/05/2008, 17:58 Ron Avery Joined on 29/11/2004 Aveyron 12 Posts 3,096 Re: Interest Rates No they didn't clumsily worded and now rectified, I will be getting lines from the milk momitors to do!! Ron in the Avey-ron    Report

13/05/2008, 18:37 Belle Joined on 05/03/2008 Posts 104 Re: Interest Rates Actually Ron, keeping with your thread of thought, you don't think that Sharon and Paula work in the same office do you, maybe it's a set up, how will we know? I agree with you, how convienent, or are we just suspicious s--ds.    Report

13/05/2008, 19:13 Cathy Joined on 07/03/2006 Mostly near Bordeaux; Sometimes near Bristol Posts 1,684 Re: Interest Rates If the answers are informative, there should be no issue.  It's a useful question and an interesting and expert answer. Cathy ----- Your children won't remember you ironing their pyjamas but they will remember you reading them a bedside story.    Report

13/05/2008, 19:14 Ron Avery Joined on 29/11/2004 Aveyron 12 Posts 3,096 Re: Interest Rates What and the mortgage business had taken a down turn and the budget for advertising cut so every opportunity taken for a freebie.......   Naaahh perish the thought, that would be tooo cynical Ron in the Avey-ron    Report

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