Each bank has their own lending criteria and their own mortgage products.
Some require higher deposits than others.
Some limit the mortgage term to 15 years, whilst others will extend the mortgage term to 25 years.
All charge arrangement fees, but some have a ceiling limit on what they charge, and others have no ceiling limit at all.
That's just the start ......
Differences in interest rates will depend on the type of mortgage and the purpose of the mortgage.
A mortgage to purchase a property will have a lower interest rate than a re-finance or an equity release mortgage.
As I said - it's a maze.
Day by day, we will be building a comprehensive list of the reports, starting from the very basics, such as our 'Step by Step Guide to buying a property in France', showing you how the french banks calculate the maximum mortgage you can afford, the mortgages available, such as ...
- Capital and Interest (variable and fixed rate)
- Interest Only (In fine and pure interest only)
- EuroSwitch
- Post-financement
- Property improvements
- Re-finance and Equity Release
Plus .... we'll be explaining the whole mortgage procedure in detail.
But please ...... if you have any questions whatsoever, do ask them.
Or if you have any comments, let's hear them.
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