French Mortgage Market

The French mortgage market has undergone significant changes in the last couple of months, including anticipated rate rises from their historic lows in early 2011. This increase has occurred due to a rise in the European base rate.

Our partners, IPF have recently launched a new service to protect clients against rising French mortgage rates and save significant money along the way.

IPF’s rate update is designed to keep clients informed of potential changes to French mortgage products in advance of their implementation. This provides our clients with the best chance of securing the lowest possible French mortgage rates. The lenders on IPF’s panel will often provide up to a month’s notice regarding pending French mortgage rate rises. Sharing this information with our clients ensures they have the best possible chance of securing the most competitive rates available.

You can sign up to IPF’s rate update by calling one of their French mortgage consultants on 020 7484 4634. You can then choose how you wish to receive the latest rate update – by SMS, an email or an update via twitter.

Approval French Mortgage

IPF also have the ability to obtain an approval in principle for your French mortgage, while you are in the process of looking for your French property. Combined with the rate update, this means that our clients are in the strongest position possible when it comes to completing the purchase of their dream home in France, saving significant amounts of money and aggravation

In this rapidly changing market we believe it is more important than ever to work with a French mortgage partner that gives you the best possible chance of completing your French property purchase. IPF has worked very hard and successfully, despite the difficult market conditions, to establish a strong position in this key area of the market.

You can request a French mortgage quote by clicking here

What do customers say?

“Dear Elena and Robert,

I would just like to say thank you both for your help very much, I found IPF brilliant in every way to insuring my mortgage in difficult times! But a special thanks to you both for your quick and professional work to make this happen for me! I would recommend IPF to anyone that would need your help with no hesitation.

You have both made a very difficult and uneasy time for me become a dream come true and i can’t thank you enough for that!!

Yours sincerely,
Matthew Haines”

One of the new tax proposals effective from January 2012 in France is a new 20% tax on the rental value of SECOND homes for ANY nationality.

The tax will be 20% of the property’s “valeur locative cadastrale” (a theoretical value). You can find this value at www.cadastre.gouv.fr. So if a property has a rental value of 3000 euros then the annual tax would be 20% of 3000 euros – i.e. 600 euros per year.

First, this does not apply to expats who are now living in France permanently. Although there are separate proposed changes to their wealth tax.

Second, if you ensure that your home(s) is available for rent for the whole year via a local letting agent then there will be no charge.

At this stage there are no indications how the tax will be applied if the property is not available for the full year.

In addition, the new 20% is likely to be challenged under European Law (since it will discriminate against foreign owners of holiday homes)

Welcome to our latest agent in Central Brittany: IDA Immobiliere.

They are located in the Brittany countryside halfway between Saint Malo, Vannes and Rennes, beside the Broceliande forest.

Here is one of their lovely properties:

Town: SAINT BRIEUC DE MAURON
Department: Morbihan
Region: Brittany
Price: €132,500

A beautifully restored 4 bedrooms longere with attached outbuilding and larged enclosed garden. The property consists of a bright and airy fitted kitchen dining room with exposed beams and stone wall with log burner, a large spacious lounge with exposed beams and large feature fireplace with log burner.

PLOERMEL is only a 20 minutes drive, RENNES is 40 minutes drive and only one hour to SAINT MALO.

More Photos and Details:  SAINT BRIEUC DE MAURON

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