convince his bank to finance the operation is not always easy with the increase in rates.
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Unlike other investments that require the funds to be placed, rental investment authorizes funding through mortgage. “The ideal is to ensure that the amount of the rent covers that of the loan monthly payment and that the latter is taken only once the rent has been paid. In this case, the operation is financed on its own “, observes Bertrand de Raymond, founder of Capcime, specialist in rental investment in the old one. Not to mention the unforeseen charges: repairs to be carried out in good, taxation … but to benefit from this system, it is still necessary to convince your bank to consent to the loan.
Banking establishments must be very strict on debt level: credit should not represent more than 35 % of household income. Carrying out a rental investment therefore generally implies having reimbursed your main residence in order to stay below this threshold.
It is however possible to be part of the 20 % of the bank’s files which can derogate from this rule, “but it is the best profiles with a very nice contribution and a remaining to live which benefit from this derogation”, warns Ludovic Huzieux, co -founder of the credit broker Artémis brokerage.
The revalued wear rate
Another difficulty: borrowers can be blocked by the wear rate. Recall that this rate is the maximum to which a bank can lend and it includes all the costs related to the credit: interest but also file costs, the cost of loan insurance covering the death and disability of the borrower . This maximum was revalued in early October by Banque de France at 3.05 % for credits over twenty years and 3.03 % for credits below this duration. But it is not certain that this is enough if the rates continue to increase in the coming months.
The Housing Credit Observatory indicated that average rates already reached 1.82 % at the end of August 2022, against 1.05 % in August 2021. And over twenty-five years, the longest duration, the rates are rates located 1.96 % last August, compared to 1.17 % a year earlier.
This level of rate added to health insurance may dangerously bring the borrower closer to the maximum authorized. Especially since the landlord landlords invest an average of 45, according to the National Agency for Housing Information (Anil), and that they therefore pay more borrower insurance. “If the bank gives you its agreement, go for it even if the rate seems a bit high compared to what was proposed a few months ago! The banks have no margin of negotiation at the moment,” insists Maël Bernier, Bestal broker spokesperson.
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