View more on these topics

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.

Recommended

JOHN HERON, MANAGING DIRECTOR, PARAGON MORTGAGES

It’s lies, damned lies and rental statistics

The plethora of surveys on the lettings market all point to a sector that is in demand. Reports from the Royal Institution of Chartered Surveyors, the Association of Residential Lettings Agents, Findaproperty.com and us highlight the strength in both tenant demand and rental income. But LSL Property Services’ buy-to-let index suggests rents fell unexpectedly in […]

Mortgage swindles make up 25% of finance frauds

The National Fraud Authority’s annual indicator last week revealed mortgage fraud accounted for more than a quarter of all financial services scams in 2010.This figure dropped slightly from £3.8bn in 2009 to £3.6bn last year. To help combat mortgage rackets The Law Society last week introduced another qualification for solicitors, the Conveyancing Quality Scheme. The […]

2017 and the savings landscape…

Anyone who is involved in the world of workplace savings will recognise that the last few months have been rather interesting to say the least. At the start of the year both employers and the pensions industry were braced for major changes to UK pension tax reliefs in the March Budget. Yet shortly before the […]

Newsletter

News and expert analysis straight to your inbox

Sign up