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 French banks 'look to lure overseas investors'Oversea investors will find that French banks are offer "progressively competitive" merchandise, it has been claimed Matthew Edward Weston, overseas mortgage manager with Blevins Franks, believes that the state's financial intuitions are worried that the boom in the French housing marketplace is approach to an end and, for this ground, they are keen to attract borrowers. This means a large proportionality of lenders in French Republic are now offer potential client new or enhanced products. Edward Weston said: Mr Edward Weston said: "We've seen higher loan-to-value ranges, up to 90 per cent, thirster terms, 30 years for illustration as opposed to 25 years, and cheaper setup fees." One bank has launched a merchandise Mr Edward Weston says is designed specifically for oversea investors look to invest in buy-to-let properties - a fixed-rate, interest-only mortgage though to be the first mortgage of its kind to be made available to non-residents. The Association of British people Travel Agents' Holiday tendency 2008 report predicts that French Republic is set to be the sec most popular holiday finish for Brits in the year ahead. |