Latest transaction: €700,000 Loan for a property in Sainte-Maxime
Posted on 04 Nov 2019
in Transactions
Buying in: Sainte-Maxime, South of France
Property price: €1,250,000
Mortgage amount: €700,000
Mortgage type: Interest Only
Mortgage term: 7 years
Interest rate: 2,45% fixed
Loan-to-value: 56%
The background
The client was buying a fabulous property in the south of France, near Sainte-Maxime. He had a few requests and FPF delivered on all of them:
- Interest only: check
- Fixed rate for security: check
- No life insurance: check (which is amazing on an interest-only mortgage as the bank’s risk does not decrease over time)
- Quick process: check
Our approach
From the first call to receiving the mortgage offer, it took only 23 days which is FPF’s absolute record (the average is about 100 days). The client was brilliant, the bank was efficient and everyone pitched in and did the work!