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Re-mortgage with CA Britline

Are you a French homeowner? Do you have a mortgage and wish to renegotiate?

At CA Britline we can offer you a free simulation to re-mortgage your French property and advise you of what your new monthly payment could be.

Please see the example below, as you can see by re-mortgaging, you could reduce your monthly payments or shorten the duration of your loan.

Exemple

Julie and Jerome, 35, subscribed to a mortgage of € 230,000 in June 2013 over a period of 20 years (240 months) based on an annual fixed APR of 3.68%(1) with compulsory life insurance included.

In March 2016 they still have € 207,535 to pay within 207 months, Julie and Jerome have their loan redeemed by a branch of Credit Agricole in annual fixed APR of 2.75%(2) with compulsory life insurance included.

  • Current situation
    With an annual fixed APR of 3,68%
    Monthly payment : 1405,99€ (including life insurance 101,62€
  • After re-mortgage
    With an annual fixed APR of 2,75%
    Monthly payment : 1305,5€* (including life insurance 103,74€)
  • Reduction of the monthly payment : 100,42€/month on 207 months totalling 20786,94€

*Examples without any additional costs (prepayment penalties, fees ...)

A loan is a commitment and must be repaid. Check your ability to repay the loan before making the commitment.

(1) For example, for a fixed rate mortgage of an amount of € 230,000, in one draw-down, for a term of 20 years, the repayment is made in 240 monthly instalments for the amount of € 1,405.99 life insurance included and € 1,000 application fees included.
Total cost of credit: € 107,438.02 (life insurance and application fees included). Overall fixed annual effective rate of 3.68%.
Total amount due for the compulsory insurance on the loan period: € 24,388.80.
Monthly amount due for Insurance: € 101.62 (effective rate of 0.85% TAEA insurance). Group life/invalidity insurance as an indication.
Monthly insurance contributions are added to the monthly credit repayment. For any other duration, please contact your branch. Life/invalidity insurance calculated on an age range 31 to 35 years, for any other age group, see the conditions that apply in your branch. Average rate applied to mortgages in the regional Crédit Agricole Normandie with subscription dates of contracts listed.

(2) For example, for a fixed rate mortgage of an amount of € 207,535, in one draw-down, for a period of 17 years, the repayment is made in 207 monthly instalments for the amount of € 1,305.57 life insurance included and € 1,000 application fees included.
Total cost of credit: € 63,718.06 (life insurance and application fees included). Overall fixed annual effective rate of 2,75%.
Total amount due for the compulsory insurance on the loan period: € 21,474.18.
Monthly amount due for Insurance: € 103.74 (effective rate of 1.04% TAEA insurance).
Group life/invalidity insurance as an indication. Monthly insurance contributions are added to the credit repayment deadline.
For any other duration, please contact your agency. Life insurance contribution calculated on an age range 31 to 35 years, for any other age group, see conditions effective in agency.
Conditions in force at 3/31/2016 likely to change, check with your advisor.
Subject to the approval of your application by the Caisse Régionale de Crédit Agricole Mutuel de Normandie, lender.
You have a cooling off period of 10 days to accept the mortgage offer. If the completion of the sale is subject to obtaining the loan and this is not successful, the vendor must refund any payments made.