Seven alternatives to your Livret A, financial guarantees now required to visit a property… MoneyVox summarizes the three unmissable news for this Wednesday, September 6th.
Alternatives to Livret A
Bank passbook, people’s savings book, SCPI, new insurance funds in euros… these investments are often presented as an alternative to the Livret A whose rate will remain blocked at 3% at least until January 2025.
Taxation, risk, availability of funds, are these savings products really as interesting as the Livret A savings account held by 55 million individuals? Nothing is less sure. Explanations.
Financial guarantees required to visit a property
Candidates for a real estate purchase are increasingly being refused a loan. A situation that worries sellers. In this context, more and more of them are now demanding financial guarantees from potential buyers, even before a first visit.
They must now show their credentials by obtaining from their bank or their broker a credit pass. But this document has a size limit. To find out more, read here.
Good and bad marks for credit sellers
It is an expensive expense. The repayment of a mortgage represents on average 30% of a household’s income. And borrower insurance represents 30 to 50% of the cost of credit.
In this context, in order to better protect consumers who have taken out a mortgage, Fraud Prevention carried out a survey of 144 banking establishments to see if their practices comply with the regulations in force. Verdict, this is not always the case. Here’s why.
More info: here is the average amount of a mortgage
How much more can the French borrow? In its latest annual report on housing finance in 2022, the Prudential Control and Resolution Authority (ACPR), the banking policeman, delivers the latest statistics on the average amount that buyers borrow. One thing is certain, they are not equal depending on the type of credit they contract. Decryption.