If you are in the process of sorting out your affairs and preparing for a move to France, now could be the time to act.
Article written by Overseas Guides Company
As a result of the European Central Bank cutting its benchmark rate by 0.5 per cent, French mortgage rates have fallen. As many French mortgages are linked to this base rate, reductions in the cost of new mortgages are inevitable and what’s more, there is talk of further cuts as the year goes on. In simple terms, taking out a mortgage in France before the end of 2012 could prove incredibly advantageous.
On top of falling mortgage rates, as the Euro continues to weaken, the pound is at the strongest rates that it has been for some years. This means that French property is all the more affordable for us Brits.
In order to capitalise further on the strong pound, it’s advisable to speak to currency exchange experts like Smart Currency Exchange. Through the use of their forward contracts you can lock in exchange rates when they reach a rate that suits you, meaning that you can guarantee the amount of euros you will get for your pounds whilst the rates are at their most favourable levels.
You can call Smart Currency Exchange on Freephone 0808 163 0102 or via our Currency Zone.
For more information on how Smart Currency Exchange could save you money, download their free guide here.
To understand the full step-by-step process to buying a property in France, collect The Overseas Guides Company’s ‘France Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc