With a reduction of up to 0.25% BNP Paribas International are offering exclusive rates to clients of French Mortgage Xpress for the ‘Fixed Rate Interest Only mortgages in the summer of 2017.*

[vc_row][vc_column][vc_column_text] What’s been happening? The euro was Monday’s currency winner, recording (and holding) notable gains against the majors thanks to the outcome of Sunday’s first round of voting in the French election. With one of the anti-EU candidates, left-wing Jean-Luc Melenchon, out of the running, the odds of a ‘Frexit’ were reduced, and demand for […]

[vc_row][vc_column width=”1/4″][vc_single_image image=”2811″ img_size=”full”][/vc_column][vc_column width=”3/4″][vc_column_text]The residential property market in France is showing signs of heating up, according to an article in le Monde from last week (29 March). After the record number of 845,000 property transactions in 2016, sales are continuing to rise in the first months of 2017. While property prices in Paris and […]

[vc_row][vc_column][vc_column_text]Philip Hammond started off with a remark that Chancellors in his position rarely get to make during a Budget announcement; a higher than expected growth of 2% for the UK economy, up from 1.4%. During his speech, he announced that National Insurance contributions for the self-employed is to increase by 1 per cent to 10 […]

[vc_row][vc_column][vc_column_text]Firstly, a new opinion poll ahead of the upcoming French Presidential elections has suggested that the National Front candidate, Marine Le Pen, is gaining popularity amongst the electorate. Whilst there also remains a strong sentiment for the newly emerged Socialist candidate, ex-banker Emmanuel Macron, many feel his initial surge of popularity has now begun to […]

[vc_row][vc_column width=”1/4″][vc_single_image image=”3024″ img_size=”medium” alignment=”center”][/vc_column][vc_column width=”3/4″][vc_column_text] Sterling weakness continues Last week’s currency movements could potentially be a preview of what to expect for 2017. The US dollar showed sensitivity to Fed announcements after the release of December’s FOMC meeting minutes. Meanwhile, Sterling remained on the back foot and performed poorly in most currency pairings for […]

The pound lost ground yesterday, following surprise news that the EU ambassador Sir Ivan Rogers had resigned.

Yesterday a High Court ruling confirmed that only the parliament and not the government has the power to trigger Article 50 and therefore a parliamentary vote will be required before Article 50 is activated. The UK government will appeal the verdict and it will now go to the Supreme Court in December for review. If […]

With the pound falling 16% against the euro since the Brexit referendum result, many potential buyers of French property are understandably reluctant/hesitant to crystallise the loss in the value of the pound when committing sterling to finance their house purchase in France.

The pound has strengthened after the announcement of a High Court decision, which ruled Parliament, and not the UK Government, must hold a constitutional vote to decide as to whether to trigger Article 50 of the Lisbon Treaty.