SaligoBay Posted July 30, 2004 Share Posted July 30, 2004 I'm very surprised at the low rates people are quoting. Our best right now for a 20-yr repayment fixed-rate is 4.5% from the BNP (Abbey National offered 4.6%).Variable with BNP is 3.5%, capped to 5.5%.Variable with Abbey is 3.05%, but doesn't mention being capped.Credit Lyonnais, Credit Agricole, and Caisse d'Epargne all offer 4.9%. It was the Credit Lyonnais lady who told us to go to the BNP, she said they've got the best rates at the moment!Is that just the way it is just now, or am I doing something wrong? It has been known.Thank you,SaligoBay Link to comment Share on other sites More sharing options...
Idealfrance Posted July 30, 2004 Share Posted July 30, 2004 That sounds about right. You should be able to get an even better deal if you play everyone off against each other. Try Barclays, too, as they have consistently low rates. Last fixed rate mortgage here that I saw was 4.30% over 20 years with the early reimbursment fees waived (everything is negociable!) and was at the Crdit Commercial. Non-capped mortgages are a bit of risk, but most establishments offer them now. You should be able to reduce the 2% difference if you negociate. The word is that interest rates are going to go up, but people have been saying this with urgency for about a year!I have noticed that a lot of banks are now waiting until the last minute before making a loan offer to make it more difficult for people to use them as negociating tools. Another nasty trick is making you open a bank account before giving you an offer which, personally, I find quite an unpleasant sales technique. Does anyone have any experience of this? Ben Symonshttp://www.idealfrance.com Link to comment Share on other sites More sharing options...
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