France mortgage boost

French property investment is about to get much easier for some buyers...

According to French Mortgage Direct, overseas investors can now borrow the whole of the price of a property with a capital repayment mortgage, anywhere in France.

One hundred per cent loans for French homes have previously only been available in certain designated regions.

Loan providers also said French property investment could be a good bet thanks to the relative stability of the local market, which is "underpinned by responsible lending" as opposed to markets like America and the UK.

Brand new homes are still springing up across France, with property close to the Coast and ski resorts still popular with international investors.

French Mortgage Direct said the development was "excellent news, as it limits the cash output a purchaser needs to make to just the notary fees and agency fees".

According to French Property News, property investment in France has seen greater interest from buyers whose local homes markets are struggling, such as the UK.

Source: www.ananova.com