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Real estate credit: getting the green light from your bank is complicated


DECRYPTION - The tightening of the conditions of access to credit operated by the financial authorities threatens in particular the projects of households who buy their first home.

Inflation is back in France.

And who says rising prices, often says rising real estate prices.

And therefore the amount to borrow to buy a home.

But is the threat real?

A priori no, for the moment.

The European Central Bank, whose mission is to limit this inflation to 2%, expects a slight overshoot in 2021 (to 2.2%) before it falls back below 2% in 2022 and 2023. on the other hand, mortgage borrowers have nothing to fear.

On the other hand, the borrowing conditions are stricter.

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Banks have not turned off the tap on mortgage loans

Since December 2020, banks are supposed to grant real estate loans to individuals in accordance with two rules of the High Council for Financial Stability (HCSF).

The loan period must not exceed 25 years (27 years in new housing) and the debt ratio cannot exceed 35% (including insurance) of income.

Previously, it should not exceed 33%.

A breath of fresh air that has helped tens of thousands of households

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Source: lefigaro

All business articles on 2021-09-26

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