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3 July 2007

Further investments expected in France

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by Kay Mitchell

Further investments expected in France

Recent policy changes have been introduced by lenders in France and market observers expect this to encourage more investments.

In the past, buyers from the UK and Ireland were offered a maximum loan-to-value of between 80-85% on a potential property. This has now been changed to up to 90% and is a development that is sure to be welcomed in French borrowing.

Rates currently start at 4.45% and mortgage terms are up to 30 years available, therefore, the 90% loan-to-value mortgages are reasonably easy to afford.

British investors looking to buy a home, somewhere to retire to or a leaseback property will be required to put a deposit of 10% down of the total value.

Holiday group, First Choice, recently announced that skiing holidays in France are still hugely popular with Britons. This triggered property experts to advise that holiday rental remains a solid investment.

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