Laura, 28 years old, or how to make the purchase of your apartment a reality “without personal contribution”

2023-11-02 15:31:15

Par Marine Richard

Published 4 hours ago, Updated 27 minutes ago

The 28-year-old young woman, who until then lived with her sister, decided this year to strike out on her own and buy a studio. Figaro/Adobe Stock

YOU, MY ROOF – Favorites, more or less crazy projects, struggles and capital gains… In this new series, the French tell Le Figaro about their real estate adventures. Laura, who had insufficient personal funds, benefited from family support to obtain a mortgage loan.

«According to my banker, I didn’t have enough personal contribution, that’s why he refused my credit application», confides Laura, sales assistant, in Nantes. The 28-year-old young woman, who until then lived with her sister, decided this year to strike out on her own and buy a studio. She knows that the path will be strewn with pitfalls. And yet, her situation is solid, since she is on a permanent contract. But even this stable contract no longer guarantees obtaining a loan. Especially sincein less than two years, mortgage rates have quadrupled. They are around 4.00% for the best profiles and around 4.50% for most files. Rates of 5% even appeared this month on certain scales, for the least attractive profiles, according to the broker Pretto.

For her part, Laura only has 3000 euros to contribute. However, with the surge in credit rates, the amount to be advanced by the borrower continues to increase. In one year, the average personal contribution required by banks to acquire housing has soared by 61%, according to the Century 21 real estate network. In addition, Laura has rather low income, around 1,450 euros net per month. After the refusal of her bank, Crédit Agricole, which she chose 11 years ago, the young woman decided to use the services of a broker to try to find a bank that would agree to lend her money. But the professional believes that no bank will agree to grant him a loan, his contribution being too limited. We must therefore find another solution. “My Empruntis broker advised me to…

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