| First time buyers taking French mortgages |
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| Mortgages | |||
| Written by Andrew Goldsmith | |||
| Thursday, 11 February 2010 10:08 | |||
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According to Validus, the French mortgage company some innovative first time buyers are taking French mortgages, the only snag is that they are on properties in France. With a huge selection of properties available for less than £100,000 and knowing that the French housing market is beginning to move upwards again some UK first time buyers have seen this as an opportunity to buy a home as an investment. Most of them plan to sell the French property in a few years, thereby raising a large deposit (out of the capital growth) ready to buy a home in the UK.The 2 bedroom property in central France is for sale at 89.800€ and buyers need a deposit of only £13,000 with monthly repayments of €340. A novel way to solve the problem of the difficulty of obtaining a UK mortgage for many first time buyers. Add this page to your favorite Social Bookmarking websites          
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