DECRYPTION – New criteria are increasingly taken into account by banks to grant or refuse a mortgage.
Since 2019, the situation has changed for obtaining a mortgage. You can no longer borrow for a period of more than 25 years (27 years if you buy a new home) and your debt ratio must not exceed 35%. Although optional, these measures were strongly recommended by the financial authorities until December 31, 2021. Since January 1, 2022, they have been mandatory. Banks can however derogate from these rules but for only 20% of the “quarterly production of new creditsunderlines the High Council for Financial Stability chaired by the Minister of the Economy. Provided that the borrowers are first-time buyers or are buying a main residence. Suffice to say that the margin is reduced for those who hope to access the property.
To discover
- Who pays the most income tax in France?
Read alsoReal estate: how to protect yourself against a rise in rates
But by dint of hearing about indebtedness, individuals have undoubtedly believed that it was enough not to exceed the maximum rate of 35% to obtain a mortgage. Nay! Of course, the demand…
This article is for subscribers only. You have 85% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
I ENJOY IT
Already subscribed? Login