No more real estate loans over 30 or even 35 years.

The few banks to offer this loan over such a long period will no longer be able to do so from January 1.

The law will now prohibit individuals from borrowing over 25 years to buy real estate.

This rule has been recommended since 2019 by the High Council for Financial Stability (HCSF).

There will be some exceptions if the purchase concerns a new home under construction or if the work represents 25% of the total cost of the operation.

Debt ratio limited to 35%

The debt ratio will also be limited and cannot exceed 35% of annual income.

The objective of these measures remains not to weaken the financial capacities of the French.

"We were led to take measures on what were the risks for borrowers" with "loans too long" and effort rates above 35%, had justified in September François Villeroy de Galhau, governor of the Bank of France.

Economy

Real estate credit: Why the tiered loan is interesting for seniors

Economy

Real estate credit: Tips to lower the bill

  • Loan

  • Real estate loan

  • Silver

  • Economy

  • Real estate

  • Bank

  • Ready

  • Mortgage loan

  • 0 comment

  • 0 share

    • Share on Messenger

    • Share on Facebook

    • Share on twitter

    • Share on Flipboard

    • Share on Pinterest

    • Share on Linkedin

    • Send by Mail

  • To safeguard

  • A fault ?

  • To print