At the end of the year, banks are struggling to support access to mortgages, for lack of offering attractive rates.

The reason: a wear rate deemed too low.

But good news, this threshold above which banks no longer have the right to grant a loan will be raised by the end of December, reports TF1.

Enough to unlock files put on hold.

Fixed at the end of September, the wear rate reaches 3.05% for a loan over 20 years.

This means that by adding the nominal rate, the amount of borrower's insurance and various fees, banks cannot lend money beyond this threshold.

Between 0.5 and 0.55% increase

Problem, for three months, the rates have never stopped increasing and arrive at around 1.8% according to the Bank of France.

Mechanically, households that claimed a loan but had a fair record saw their real estate project stopped.

“The usury rate allows for a gradual and proportionate rise in interest rates: after rising by almost 0.5% at the end of September, it should see a further rise in magnitude by the end of December,” said announced François Villeroy de Galhau, the governor of the Banque de France, in the columns of

the Sunday newspaper

.

For professionals in the sector, it is necessary to count on an increase ranging from 0.5 to 0.55%.

Thus, by retaining the optimistic estimate, the wear rate would increase to 3.60%.

More flexible conditions

"As the banks have adjusted their loan scales according to the previous usury rate, the new increase cannot be less than 0.48% anyway", according to Sandrine Allonier, spokesperson for the broker Vousfinancer interviewed by

Les Echoes

.

Even with this lower estimate, the French will again be able to access more flexible credit conditions.



This rate of wear, considered too low by professionals, does not affect the production of loans.

"Compared to the rest of Europe, the supply of credit in France is the most abundant, the cheapest and the safest, since 97% of the loans granted are at fixed rates", explained the Governor of the Banque de France. .

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  • Economy

  • Bank of France

  • Real estate loan

  • Immovable

  • Bank