We observe for the most part a continuing stability with the mortgage rates this month of November. With very few lenders offering duration over 20 years, we note a small increase (very contained) for rates with a 25 years duration. This strategy is clearly implemented to discourage clients to borrow over a long duration.
For all other durations, rates and conditions remain at the lowest observed this year.
The conditions proposed remain ultra-attractive to finance a project in France with a EURO mortgage.
French lenders are still in favor of proposing fixed rates capital repayment financing for non-resident clients.
Do not neglect the option to purchase in France with a revised rate financing. Most lenders will cap the rate over a first period (About half of the total duration) or over the entire duration of the mortgage for added security. Our mortgage specialist can help you compare the different solutions available.
Current mortgage rates for November 2019
| Fixed rate(1) | Term | Monthly repayment
for 10 000€ borrowed |
|---|---|---|
| 0.75% | 10 years / 120 months | 86.52€ |
| 1.00% | 15 years / 180 months | 59.85€ |
| 1.20% | 20 years / 240 months | 46.89€ |
| 2.50% | 25 years / 300 months | 44.86€ |
(1) The indicated rates are given for information purposes and are based on the latest bank rates of one or more of our partners. The rates in the table above do not include the ancillary cost as notary fees, guarantees, insurance and intermediation.
With rates as low as 1% fixed over 20 years and far lower for shorter durations with the most aggressive lenders, we can only congratulate our French financial partners to seek non-resident clients with great conditions this month and beyond the end of this year.
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With no commitment on your part, submit your detailed request in order to obtain the best financial solution for your project. A French mortgage specialist will contact you within 24 hours