LeFigaro Immobiler announced today that French mortgage rates have never been so low. At an average of 3,3% for a 15-year loan they are below the lowest rate recorded in October 2010.
Certain criteria must always be met in order for a buyer to qualify for a mortgage with a French lender. For example, when taking into account the future French mortgage payment, all contractual outgoings must not exceed one third of a borrower’s monthly income. Mortgage applicants will obviously either fit into this criteria or not, but that is not to say that there are not other aspects to the application over which the buyer has more control.