100% mortgages at 4% interest in France

A mortgage company has announced a new special mortgage offer of 100% based on just 4% interest.

The 100% mortgage is being offered by Athena Mortgages, a company based in both London and Paris, and applies to home owners wishing to purchase a second home in France, with the full value of the property covered by the mortgage. It is believed to be one of the only products in this category, although there are banks and other lenders offering 100% loans for French leaseback properties.

This incentive is bound to encourage growing interest in the French property market as recent information illustrates that France was the first country in the European Union to surface from the worldwide market downturn.

The property market in France shows typical prices are still a lot lower than they were at the beginning of 2008 so now might be a good time to take advantage before prices start to rise.