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What solution for seniors who are struggling to obtain a mortgage?

2021-12-17T17:52:54.225Z


OUR ADVICE - The plunge in lending rates has had the unexpected effect of excluding certain profiles from the market, in particular those over 65, even those who are well off. Explanations.


"

Our bank accepted in principle our mortgage application before refusing it in a second step

", testify Jean and Marie who wish to obtain a bridging loan (one year, extendable once, taking into account 70% of the value of the property sold) to buy an apartment in Hauts-de-Seine (92).

And yet the latter is smaller - and therefore less expensive - than the one it is about to sell in Paris.

In question ?

Home loan insurance offered by the bank's insurer.

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Read alsoBeing well-off is not necessarily enough to obtain a mortgage

This couple of sixty years old, yet wealthy, strangled when they learned of the amount: 650 euros per month!

Where the standard is closer to 300 euros, according to the couple's bank.

Basically that's the amount I would have paid if I had been my daughter's age

,” notes Jean.

It's incredible that I am denied this one-year bridging loan and that we grant 25-year loans to quads

”.

The age of borrowers is considered a risk factor for banks, even if they…

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Source: lefigaro

All news articles on 2021-12-17

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