OUR ADVICES – In two years, the average contribution rate required has almost doubled. What to fear a blockage of the real estate market.
In two and a half years, the atmosphere has radically changed for obtaining a mortgage. “Before, it was “open bar”. The banks took care of 100% of your loan and sometimes even the transfer duties (or notary fees). Today is “zero risk”, even if your income is high“says a real estate market expert. And the list of criteria that banks scrutinize has grown since the end of 2019, when the financial authorities tightened the screws for mortgage borrowers. Until this period, they were mainly attentive to your living allowance and your ability to put money aside.
Read alsoReal estate loan: their file was refused despite low debt
Then the debt ratio entered the dance: to obtain credit, it should not exceed, at that time, 33% – then 35% a year later – of your income. Except for derogations which concern 20% of the quarterly loan production of each bank. Even wealthy borrowers could be refused a loan because they did not return…
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