Mortgage Differences
| French Mortgage | UK Mortgage | |
|---|---|---|
Types Available |
Mostly Repayment Only | Repayment or Endowment or Pension Mortgages |
Maximum Percentage of Value |
80% of Valuation | 95%, possibly more |
Maximum compared to Income |
Payments not to exceed one third of disposable income | Typically 2.5 times main salary plus second salary |
Repayment Period |
20 Years maximum | 25 years, sometimes more |
Repayments made |
Monthly or Quarterly | Monthly only |
Interest Rate |
Usually fixed, but variable becoming more common | Usually variable, rarely fixed |