2009-4-28 10:27am
The volatility experienced in the first quarter seems to have stopped for the moment. Bank rates and eligibility criteria changes are fewer and further apart and rates remain for the most part very attractive.
We have seen a tightening of eligibility criteria for interest only loans with some banks looking for higher net assets to qualify a client or requesting a savings bond as guarantee where they did not before. We are also seeing banks becoming more strict about allowed use of funds for equity release where they did not need to document this before.
As the weather improves and the shock of the crisis seems further away, we are seeing more clients with immediate intention to invest. With leading variable rate starting at 2.60% and many fixed rates below 5% - we feel confident that French mortgages remain competitive and compelling for any French property investor.
With the kind cooperation of Tahminae Madani - FHF
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