French lending market "tightening"

French lending market "tightening"

The availability of mortgages with low rates is reducing in France, with many lenders increasing the cost of borrowing in the last month.

Head of operations at overseas mortgage specialist Connect Overseas Geoff Simmonds explained the cost of variable rate finance in the country has risen from 2,09% to 2,79% over the past four weeks.

However, he stated now is an opportune time for people to pick up property in France at a reduced cost, thanks to the strength of sterling against the euro.

 

Source: http://www.propertyshowrooms.com/france/property/news/french-lending-market-tightening_312213.html