Overseas mortgage specialist Conti is offering a special 1.95 percent Euro rate for French property.

According to the company, mortgage lenders have a strong appetite for lending to foreign investors and in some cases, it’s possible to borrow up to 100 percent of the value of the property.

Clare Nessling, operations director, said: “According to our records, this is the lowest rate we’ve offered for property in France.

“The country has become an increasingly attractive investment option, not least because of very low interest rates and easy access from the UK, but also due to the falling value of the euro, and lower property prices, with many sellers dropping their prices to levels we’ve not seen for several years.

“But the bargains won’t last forever, so prospective buyers may want to act sooner rather than later.”

Earlier this year, Conti reported an increasing number of clients were opting for Euro mortgages, in order to beat the poor exchange rate.

Over the next few years, Conti says they could potentially save significant sums of money if, as experts predict, Sterling appreciates against the Euro, as this will reduce the Sterling cost of the property purchase.

If an investor had taken out a Euro mortgage of €250,000 in February this year for a property in France, based on the exchange rate at that time of around €1.1 per £1, they would have been required to make a commitment of around £227,000 to pay the mortgage off.

The exchange rate has improved since then to around €1.2 per £1, so it would now cost £209,000 to redeem the mortgage - a reduction of £18,000, or 8 percent, in the sterling cost of the property in just four months.

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