Your mortgage may have been the best deal for your circumstances at the time when you took it out but is it still performing as well as it could?
In 2017, rates of French mortgages have sunk to an all-time low. If you are still years from paying off your French mortgage and if your mortgage rate is above 3%, it makes sense to explore options to remortgage or refinance your French mortgage loan.
If your French mortgage is on a tracker or variable rate, you may be able to switch the rate of your French mortgage to a long term fixed rate, hence eliminating the risk of future rate increases.
Even if your French mortgage comes with early repayment fees, refinancing often reduces your monthly mortgage payment enough to still save you money in the long term.
In any case, we can help you explore options and identify a new French mortgage better suited to today's environment.
As well as reducing your monthly payments, you can also use remortgaging to release the equity that's built-up in your property over time. Cash released with a larger French mortgage could be spent on home improvements, new property investments or any other projects you may want to consider.
Do not hesitate to call or e-mail us for a no-obligation review.