2024-02-15 18:23:44
The banks had already expressed their reservations at the beginning of the week regarding the proposal from Christophe Béchu, Minister of Ecological Transition, to rely on the loan in fine to streamline access to property. “A credit in fine is by construction more expensive in interest than a depreciable credit while we have entered a context of higher rates,” explained the French Banking Federation (FBF). In France, bullet loans can sometimes be appropriate in certain property or rental investment transactions and very rarely in property ownership. »
This Wednesday, it was the governor of the Bank of France, also an eminent member of the High Financial Stability Council, which dictates the debt rules, who called for “a certain prudence on loans repayable in fine” in a post on the social network LinkedIn. “The latter are more risky since they extend the duration of household debt; they are therefore generally more expensive, and banks generally require more guarantees,” pointed out François Villeroy de Galhau.
#Real #estate #credit #fine #barely #revealed #bad #start