2023-06-13 17:34:00
This Tuesday, June 13, the High Council for Financial Stability (HCSF) met to decide on the adjustments to be made to the rules for granting mortgages. We take stock of the announcements.
The meeting was expected by banks and mortgage professionals. This Tuesday, June 13, the High Council for Financial Stability (HCSF) discussed the adjustments to be made to the rules it has set for obtaining credits.
As a reminder, it was this body that decided to limit the duration of loans to a maximum of 25 years and capped the debt ratio of borrowers at 35%.
“If we wanted to make it simpler, we failed”
Rules that the banks have the possibility of circumventing: 20% of the files that they finance each quarter can be the subject of a derogation.
“The procedures for obtaining these derogations are currently too complex, which means that they are little used. We are expecting simplification soon”, explained to us recently Pierre Chapon, co-founder of the broker Pretto.
Professionals in the sector were hoping for the transition from quarterly management to annual management as well as the abolition of the allocation quotas for these derogations.
In the end, only marginal measures were decided. “If we wanted to make it simpler, we failed, deplores Cécile Roquelaure, director of studies for the broker Empruntis. Currently, 14% of files benefit from these exemptions because banks are cautious because of the difficulty of managing their envelopes.
A little extra for big earners
The expert nevertheless appreciates the “little boost for rental investors” granted by the HCSF. Within the derogatory envelope available to the banks, 80% of the files had until then to be financed within the framework of acquisitions of main residences, and 20% were “free of assignment”. They could thus relate to second homes or rental investments.
This Tuesday, June 13, the HCSF announced that 30% of these credits are now “free of assignment”. “A bank will thus be able to finance 6% of its files for rental investors with a debt ratio above 35%, instead of 4% until now”, explains Cécile Roquelaure.
“In concrete terms, she continues, this mainly concerns households with comfortable incomes whose financial health is not endangered by significant credit.”
1686681715
#boost #investors #rule #mortgage