Despite the rise in rates, the monthly contribution paid to insure your mortgage still often exceeds the cost of interest.
To save several thousand euros over the term of the credit, customers have an interest in competing for this insurance.
Especially since from June 1 the regulations change again.
What are the new measures?
No more calendar constraints to identify the right date to cancel: the new system of the Lemoine law (law no. 2022-270 of February 28, 2022) makes it possible to renegotiate the insurance at any time.
It follows three previous laws (Lagarde in 2010, Hamon in 2014 and Bourquin in 2016), which were not enough to open up the borrower insurance market.
This is still locked by the banks, which retain 88%.
Implemented on June 1 for new credits, the reform will be extended to all current credits from September 1.
Banks will even have to remind the borrower every year…
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