Conti France launches
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Conti has entered into a joint venture with CAFPI, a French mortgage broker, to create Conti France.
The new entity, launched this week and searches the French market to find the most competitive terms and rates for the client.
Rates currently start from 1.88% and each customer case will be negotiated individually with the most suitable bank.
Clare Nessling, operations director at Conti, says: “Conti France brings together two trusted brands which can secure the best possible mortgage terms and offer the highest levels of advice to Britons buying French property. Unlike other overseas brokers in the UK, we’re not tied to a limited number of banks, but can instead search the whole of the French market for the most favourable deals. This launch represents a seismic change in the way French mortgages are delivered to the UK market.”
Kathleen MacKinnon-Helm, manager, international dept, CAFPI,says: “Conti is an established and reputable UK-based force in the world of overseas mortgages, and we’re delighted that this joint venture will strengthen that position in terms of the service and deals it can offer intermediaries who have clients seeking French property finance. It makes perfect sense for us to join forces to ensure the best possible borrowing terms for them, as well as excellent commission.”
According to Conti France, the percentage of British people enquiring about French mortgages has more than tripled over the last two years, and currently accounts for around 45 per cent of quotes issued.
It says that the French mortgage market is very stable, largely due to the cautious approach adopted by its financial institutions in the past. This means that it’s in a strong position to lend, and it’s still possible to borrow up to 100% of the value of a property.
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