It becomes rare to be able to borrow under 1 %, and the banks scrupulously examine each file before financed it.
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Bad news for those who have to borrow to buy accommodation: real estate credits continue to rise.
The increase observed since the beginning of the year is confirmed. “Between January and the end of April, average interest rates increased by 0.45 % to now appear around 1.45 % over twenty years,” notes the best agents’ site. In just four months, more than three years of decline have been erased.
“The increase in rates on real estate credits remains contained, relativizes Olivier Lendrevie, the president of the CAFPI broker. In April, our customers obtained an average of 1.13 % (against 1.02 % in March) out of fifteen years; 1.21 % (against 1.11 % in March) over twenty years and 1.39 % (against 1.30 % in March) over twenty-five years. “
According to the rates displayed by banks, “the best profiles can obtain rates that remain very attractive: 0.80 % (against 0.78 % in March) over fifteen years; 0.90 % over twenty years; 1 , 13 % (against 1.04 % in March) over twenty-five years. Our customers can therefore finance themselves at rates less than 1 %, which is historically very rare, “he says.
for how long? “The possibilities of borrowing under 1 % do not exist almost anymore”, slice Pierre Chapon, co -founder of the Pretto broker. And some professionals consider the situation even more tense: “It is now difficult to borrow at less than 1.20 % over twenty years or 1.50 % over twenty-five years”, estimates Ludovic Huzieux, co-founder of Artémis brokerage .
eviction effects
One thing is clear for brokers, conditions of access to mortgage has been set since the start of the year. In addition to the increase in rates, borrowers must now count with, on the one hand, a hardening of the rules imposed by the High Council for Financial Stability (a maximum debt rate of 35 %, inclined borrower insurance; a duration of borrowing limited to twenty-five years; a possibility of derogating from these criteria reduced to 20 % of credit files), and, on the other hand, the drop in the rate of wear (the maximum rate from which we can borrow, insurance included) for certain credit periods.
This drop “can temporarily create eviction effects for households whose cost of borrower insurance is high, because of their age or health problems”, notes Olivier Lendrevie.
The attitude of banks has also evolved for a few months. They are “increasingly scrupulous concerning the property funded”, points out Ludovic Huzieux. They look at the price per square meter from which the goods are purchased, but also the state of the property, its level of insulation and its energy consumption. They are more and more often “likely to request quotes on the renovation work to be carried out to assess their share in global funding”, observes Mr. Huzieux.
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