In France... there are maximum legal rates set by the consumer watchdog.
They are reviewed every quarter. These maximum legal rates include other costs such as mortgage protection insurance. From the 1st of Jan 2019, 3.01% is the maximum rate that a bank can legally charge for a 20 fixed term mortgage. 2.79% for a 10 year fixed rate. 2.43% for a variable rate. 3.24% for a bridging loan (they never dissappeared in France).
These maximum rates are calculated based on the average of the market over the past quarter + 33%
https://www.cbanque.com/credit/actu...uperieurs-a-3-interdits-debut-2019?format=amp
They are reviewed every quarter. These maximum legal rates include other costs such as mortgage protection insurance. From the 1st of Jan 2019, 3.01% is the maximum rate that a bank can legally charge for a 20 fixed term mortgage. 2.79% for a 10 year fixed rate. 2.43% for a variable rate. 3.24% for a bridging loan (they never dissappeared in France).
These maximum rates are calculated based on the average of the market over the past quarter + 33%
https://www.cbanque.com/credit/actu...uperieurs-a-3-interdits-debut-2019?format=amp