Laura Laplaud 4:30 p.m., February 17, 2022
Right to be forgotten, end of the medical questionnaire, termination at any time... The transformation of borrower insurance is confirmed and will certainly take shape on Thursday afternoon.
The bill on borrower insurance should be definitively adopted this Thursday by the Senate and could come into force as of June 1, 2022.
At the beginning of February, the National Assembly and the Senate agreed on the new measures to be included in the bill "for fairer, simpler and more transparent access to the borrower insurance market".
If the deputies have already given their fire, it is now the turn of the senators to do the same this Thursday.
Change borrower insurance at any time
If the text is definitively adopted, it will now be possible to change borrower insurance at any time, and therefore individuals will no longer need to wait for their subscription anniversary date.
A measure that would allow individuals to save money.
"On an average loan, savings are estimated between 5,000 and 15,000 euros on the total cost of insurance", explains Maël Bernier, spokesperson for MeilleurTaux.com.
End of the medical questionnaire
Another novelty in this text, the end of the medical questionnaire for mortgages below 200,000 euros.
"On paper, this seems like super good news, but in reality this questionnaire made it possible to set prices, that is to say that a 35-year-old person in great shape would pay less than a 55-year-old person who could be a smoker and have a bit of diabetes," she said.
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"When we remove the health questionnaire, it means that we will smooth the prices a little on everyone so that there will be increases that will result from all this", she underlines.
In other words, a young person in great shape may pay a little more, unlike an older person with some health problems.
"There is a kind of solidarity but it's not necessarily good news for those who are in great shape," she says.
Right to be forgotten
The period of the right to be forgotten is also changing and thus goes from 10 to 5 years for hepatitis C and cancerous pathologies.
Regarding interest rates, Maël Bernier assures him, "the decline that we have experienced is over".
"We are rather on a logic of recovery, we were around 1.05 on average over 20 years, today we are at 1.15 and next month, it is possible that we will be at 1.25% ."