mortgages on french property

investors are planning to purchase real estate advice, take some time to consider whether an overseas mortgage from a UK bank or a mortgage from a French bank.

According to the Association of International Property Professionals (AIPP), it is essential that persons to acquire property abroad the right mortgage carefully, and there is "plus or minus" for both.

Some people say that a mortgage in France is an advantage, because the finances will be in the same currency. But Paul Owen, AIPP's chief executive, said Hotproperty website that there is more than this.

UK mortgages' can benefit '

According to Mr Owen, it is sometimes a better idea, a British overseas mortgage as many European banks are not such a wide range of products, and these are usually at a higher percentage.

He said: "There are advantages and disadvantages on both sides some would argue that it's a good idea, the assets of the property and debts in the same currency.

"" Even if the potential downside is that if you earn money in pounds sterling and the payment of a mortgage in Euros, then you run the risk that exchange rates change, a difference to your payments. "

Research in foreign mortgages "key"

He added that the key to a mortgage for your needs is much to do the research that major purchase.

The AIPP has been to regulate the international property sector, and aims to provide the buyer when it comes to investment in land or houses abroad.

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