A hundred mortgage brokers demonstrated Tuesday outside the headquarters of the Banque de France in Paris to demand a significant increase on October 1 of the usury rate, the ceiling intended to protect individuals from abusive borrowing conditions.
"
Today there is a blockage on the rate of wear
", explains to AFP Marion Massot, broker at Alsace Credits who came specially to Paris to participate in the event.
The typical profile of loan applicants refused according to her: the over 55s, because of the cost of borrower insurance, but also young people, including first-time buyers.
The profession, via the Union of Credit Intermediaries (UIC), therefore requests “
an exceptional increase in usury on October 1
” and to be received in person by the Governor of the Banque de France François Villeroy de Galhau.
The second request was granted at the beginning of the afternoon.
The governor “
assured us that there was neither contempt nor denial
” of the profession, explains to AFP the secretary general of the UIC Bérengère Dubus, just out of the institution.
A wear rate of 2.57%
François Villeroy de Galhau also indicated that "
these difficulties would be ironed out
" with an increase in the wear rate "
consistent with the reality on the ground
", she continued.
The wear rate is under fire from critics, particularly brokers who accuse it of considerably hampering access to mortgages.
It currently stands at 2.57% for 20-year home loans, all costs included, including borrower's insurance and any brokers' commission.
It is calculated each quarter by the Banque de France, which takes into account the average rates charged by banks over the past three months, increased by one third.
Bercy and the Banque de France do not currently share brokers' concerns about the state of the real estate market.
In an interview with the Sud-Ouest newspaper on Sunday dated August 21, the Minister of the Economy Bruno Le Maire indicated that the real estate market remained “
dynamic
”.
Read alsoWith rising rates, the cost of real estate credit soars
An assertion taken up in stride by the Governor of the Banque de France, who indicated in the columns of Ouest France that the real estate sector was today “
properly financed
”.
The outstanding amount of housing loans was indeed up in July, according to the latest figures from the Banque de France.
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