2023-12-11 11:03:08
Very good news for credit applicants who have received a mortgage loan refusal from their banks, this should change very soon. Indeed, the High Financial Stability Council (HCSF) was in favor of re-examining the file of a solvent borrower following an initial refusal.
A conditional review
Until now, banking establishments were not obliged to explain a loan refusal. Being completely sovereign, banks are thus free in judging the risk taken when financing a project. It is therefore an irreversible decision, and in the event of refusal, the latter “ does not have to be motivated », recalls Maël Bernier, the spokesperson for Meilleurtaux. But this might change as early as 2024. During the meeting on December 4, the High Financial Stability Council (HCSF), chaired by the Minister of the Economy, assured that it wanted “ support the initiative of French banks in favor of a second level examination procedure for real estate loans ».
According to the MoneyVox news site, “ A market agreement should be signed with the French Banking Federation (FBF) before the end of the year, for application no later than early 2024 “. Still according to the same source, this agreement would stipulate that a banking establishment having refused a loan request would now be open to giving the reasons for this decision. In addition, the borrower might request reconsideration of his application a second time if he judges that he is solvent.
New measures which should encourage borrowing
The High Financial Stability Council (HCSF), meeting on Monday December 4 under the chairmanship of Bruno Le Maire, Minister of the Economy, announced three technical adjustments to make real estate credit accessible. The institution thus decided to “ the flexibility of assessment granted to the ACPR during the June meeting, in terms of compliance with the standard, applies to the allocation limits within the 20% flexibility margin as well as the total margin by 20% “. If a limited excess is observed over a quarter, “ the ACPR may consider that compliance with these limits on overall production for this quarter and the two following quarters constitutes an appropriate and sufficient corrective action ».
Then, the HCSF wishes « authorize credit institutions to exclude the interest charge associated with bridging loans when it comes to assessing the borrower’s effort rate, when the financing ratio is sufficiently prudent, i.e. say less than or equal to 80% of the value of the property put up for sale “. Finally, ” in order to promote energy renovation work, the High Council decided to lower the cost of the work to 10% of the total cost of the operation, making it possible to take into account the existence of a deferred depreciation period. ».
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