Thursday's announcement of a relaxation of mortgage rules sounds like good news for a part of the population who wants to acquire a property, such as first-time buyers.
For this public and for others, the increase in the maximum debt ratio and the extension of credits should make things easier.
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This is news that must have delighted many French people who want to buy an apartment or a house.
On Thursday, we learned that the rules for accepting mortgage loans were going to be relaxed, following a decision by the High Council for Financial Stability, which brings together the Ministry of the Economy and the Banque de France.
Borrowing will therefore become easier, as Europe 1 explains to you on Friday.
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"On first-time buyers, it got stuck"
First consequence of the downward revision of the requirements of the High Council for Financial Stability: the debt ratio, which previously did not have to exceed 33% for a bank to agree to make a loan, now increases to 35% at most.
A couple who earns 3,000 euros net per month, with a rate of 1.10% over 20 years for example, will thus be able to borrow 12,000 euros more.
This is excellent news for first-time buyers, whether they are the youngest or those who have little or no savings.
"We had first-time buyers who had left the market, including young civil servants. I saw cases stopped because they were at 34.5% in debt while they both had the stability of employment ", comments Maëlle Bernier, spokesperson for Meilleurtaux.com.
"So we had loans granted to people who had money, savings, the oldest 40-45 years old. But for first-time buyers, it got stuck."
Another major change concerns the duration of the loan.
This can now be up to 27 years and no longer 25. A very useful development in particular for people who build a property.