Olivier Klein, the Minister of Housing, said he would soon meet the Governor of the Banque de France to discuss a possible change in the method of calculating the wear rate.
This is a debate that has been going on for several weeks and that will not be closed right away. The rate of wear, this maximum rate above which a bank cannot lend, is always at the center of discussions when we talk about real estate credit. Since October 1, this rate, which includes the nominal loan rate, various bank charges and borrower insurance, has been set at 3.05% for loans of 20 years and over and 3.03% for shorter terms. at the time, many voices were already raised against a method of calculation deemed obsolete.
Real estate credit: the wear rate passes the 3% mark, a breath of fresh air for borrowers
But the significant rise in these rates (from 2.57% to 3.05% for the longest loans) had given some hope to borrowers despite everything. Problem, the upturn was only short-lived. With the rise in bank interest rates, many files are still infinanable in the state, to the dismay of borrowers.
be more in tune with reality
The issue of the rate of wear is therefore back on the table. In a morning program of BFMTV, the Minister of Housing Olivier Klein returned, among other subjects, to the method of calculating the wear rate.
The Minister began by recalling that the rate of wear is initially a real protection for borrowers, explaining for example not wanting to send some families into over-indebtedness. Olivier Klein however opened the door to discussions: I am going to meet the governor of the Banque de France, the minister said. We must see whether the method of calculating the wear rate every quarter is not too long, see if we can be more in tune with everyday life and reality. We will see if the rate of wear is the brake or if there are other brakes, in particular the rate of effort.
save up to 70% on your borrower insurance
As a reminder, many players in the real estate sector are campaigning for a change in the method of calculating the wear rate. Among the avenues studied, we therefore find a calculation updated every month and no longer every quarter, or even the exit of the borrower’s insurance from the calculation, even if it means framing it in a specific way.