Real estate credit: a much larger contribution now demanded by the banks

information provided by BOURSORAMA WITH NEWSGENE •

The down payment now represents 20% of the entire loan. (Pixabay)
The average contribution required to take out a mortgage has increased by 78% in one year according to the brokerage network Finance Conseil. As a result, many French people have to give up their real estate project.
The criteria for borrowing in order to carry out a real estate project have been tightening lately. Better to have some cash on hand, as the average down payment amount is skyrocketing. To borrow, you must now have saved an average of 52,594 euros against 29,045 euros in 2021, according to figures from the brokerage network Finance Conseil relayed by TF1 . This represents a 78% increase in one year.

The down payment now represents 20% of the entire loan. "A few months ago, we could still buy with zero euro down payment, and some banks even financed notary fees ," says Julien Maudy, associate director of MeilleursBiens.com.

No improvement planned
Banks are very concerned about the debt ratio and the rest to live. Thus, if it is too high, the journey between home and work can become problematic. Take the example of a couple applying for a loan. If everyone travels 100 km per day, the household will pay 500 euros in fuel at the end of the month, point out our colleagues.

It was easier to take out a home loan a few months ago. With the rates climbing and the cost of living increasing: the number of good files has been reduced. “Files that were fundable even six or eight months ago are no longer so today,” says Maël Bernier, spokesperson for Meilleurtaux.com. And to add: “That's why the French can have the feeling, quite justified, that their credit file is going worse or better, and that they have missed the boat. »

There is no improvement to be expected according to the experts, according to whom the rates should not go down