Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Lifetime Mortgages in France

There are many different mortgage options available in France. There are the standard thirty and fifteen year term mortgages and others. One that is recently garnering attention is one that you take out when you are over sixty. It is refereed to as a life time mortgage because you will probably not pay it back in your life time. The loan is then settled up with the sale of your property after your death. Many people do not like these and others think they are a nice option.

Key Takeaways:

  • A lifetime mortgage is a reverse mortgage. The payments aren’t due until after you passed away.
  • In France there has been very little interest in this type or mortgage due to legal constraints and poor mortgage terms.
  • Crédit Foncier is now offering a lifetime mortgage with a fixed rate of 4.8%, open to candidates from the age of 60 years.

“A leading French bank has launched a new fixed interest lifetime mortgage offer, lowering the eligible age limit to 60 years.”

Read more: https://www.french-property.com/news/french_property/lifetime_mortgage_credit_foncier/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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