The rush to buy French homes is on

Led by currently low interest rates, many UK buyers are bringing forward their purchases of a French home before rates increase.

The currently, low interest rates for French mortgages are making many prospective buyers of French property bring their buying plans forward. People who had felt it wise due to the recession to put their purchase on hold until late 2010 have suddenly realized that now is the best time to buy if they are going to finance the purchase with a mortgage.

Obtaining a fixed rate mortgage whilst rates are only 3.6%,coupled with the opportunity to buy a property while prices remain low and choice is great, is beginning to drive the French property forward at a much faster rate than we have seen in the last 2 years.

A lovely 3 bedroom property in France can be bought from around 100,000€, the 3 bedroomed property shown costs 97,500€ and is situated in the much sought after Limousin region of France. Obtaining a 80% LTV fixed rate mortgage on this property would cost just 348€ per month with a fixed rate mortgage.

No wonder people are beginning to rush back to the market to buy their French home. 2010 looks like being a very good year indeed.

For more information, visit validusfs.com.