Why is access to mortgage credit declining?

Why is access to mortgage credit declining?

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Standards of wear rate and how to calculate it inappropriate ”, in addition to those approved by the High Council for Financial Stability (HCSF) that impose debt at 35% are the main brakes that make it possible to support borrowers in a stable position, the financing broker notes. Financial advice.

Sophie Ho Thong, Director of Strategy and Communications at Conseil Finance – © DR

First light on prices: They increased 0.20% on average between the first and second quarters of 2022, over all maturities, notes the CFC, and are on average 1.22% over 10 years, and 1.4% over 15 years, and 1.6 3% over 20 years.

First-time buyers are the hardest hit

The average contribution, at the national level, has increased to now €67,273, according to Finance Conseil statistics, or 16.4% of the project amount. In Ile-de-France the intake is higher, ie 26% on average, and also in Rhône-Alpes, where it exceeds 21%. ” Obviously, first-time buyers are the most affected by this phenomenon notes the mediator.

We observe a 7% decrease in the number of first-time buyers between the first and second quarters with an average contribution of around 15%, Note in Finance Conseil. The number of first-time buyers who need to consolidate loans before implementing their real estate project has doubled compared to last year. »

Wear rate: Inappropriate calculation method

The main difficulties in supporting borrowers in a stable situation and solvent profile are the standards in terms of wear rates and inappropriate calculation method, as well as those approved by the Supreme Council for Financial Stability with a debt imposition of 35%, which regrets the broker.

In more detail, 16% of mortgage application files were ignored due to the rate of wear, which declined during a particularly high rate period. 12% of borrowers could not be supported in their financing project due to non-compliance with HCSF standards, as applications could have been fully accepted before 1Verse January 2022 The date for applying these standards in a binding manner.

Brakes on the transmission of energy to the building stock

He went, ” Maintaining these standards not only constitutes a barrier to housing access but also the energy shift in the housing stock Sophie Ho Thong, director of strategy and communications at the fund broker, laments. From 1Verse January 2023, the most energy-intensive properties can no longer be rented. 2 million properties are involved, including 1.7 million in the private sector.

Standard credit management restrictions prevent us from supporting our banking partners in the power transmission of France’s 4.8 million thermal sieve stockpile.we continue at Finance Conseil. In 2021, only 57,117 properties benefited from the comprehensive energy renovation. »

Without financing, there can be no energy renewal. On average, the remaining fee for households is 53%, once assistance such as MaPrimeRénov’ and energy savings certificates are applied. Besides the dilution required by HCSF standards and the erosion rate calculation, a slight down payment would be welcome, especially since it is impossible to apply the land differential to the rent due to standard constraints Sophie wraps up a thong.

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