Investors missing opportunities in France, says brokerage

International mortgage broker Baydonhill claims UK investors are missing opportunities in the French property market because of poor information and common misconceptions.

It says a weak pound has led many to believe they cannot secure a French euro-based mortgage without transferring sterling.

It adds that property prices in France have dropped by as much as 30% since 2008.

But Tom Foster, specialist mortgage consultant at Baydonhill, says residents with a UK home can secure a French euro-based mortgage rather than transferring sterling.

He says: “We want to dispel the misconceptions that lead to missed opportunities in French property.

“There are some tremendous prospects in 2011 and we want to ensure that UK-based investors are aware of the different investment options available to them.”

French banks use a standard debt to income ratio of 33% when assessing an applicant’s eligibilty for a loan.