Carole Ferry, edited by Manon Fossat 12:03, January 03, 2022
The conditions for granting mortgage loans have changed since January 1, 2022. Among other things, it is no longer possible to borrow for more than 25 years or for the debt ratio to exceed 35%. Stricter conditions that the banks are obliged to respect and which risk in particular impacting young people and less well-off households.
The conditions for granting a mortgage are changing this year.
It was already a recommendation made to the banks, but it is now becoming an obligation.
It will indeed be much more difficult to obtain a mortgage without a very solid file.
According to these new rules, the amount of the loan, including insurance, can no longer exceed 35% of your income.
It will also be prohibited to borrow over 25 years, and over 27 years for new.
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A right of exemption on 20% of files
For example, for a couple who receives 4,000 euros net per month, the monthly payments cannot exceed 1,400 euros.
While these new conditions were already applied by most banks, they now have to be much stricter.
And this finding is likely to particularly impact the less well-off households.
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This is explained by Meilleurtaux spokesperson Maëlle Bernier.
"This concerns those who obtained exemptions, namely generally the youngest, first-time buyers, or even the most modest in stable situations but with very little savings and who could not tap into them to carry out their project", details she does.
However, banks retain the right to derogate from the rule on 20% of cases.
This flexibility should target primarily those who buy their primary residence.
A third of these extra-legal files will also have to benefit those who buy for the first time.