apport personnel crédit immobilier

Mortgage Credit: Necessary Personal Contribution Blows Up in Certain Areas

The ever-increasing individual contributions, the extremely low rate of wear and tear is preventing more and more families from getting credit, and getting a mortgage becomes more and more complicated. The latest data provided by the broker Finance Conseil shows this.

Average intake increased by 30% within a few months

Gone are the days when you could borrow money to buy real estate without any capital contribution. According to Charles Marinakis, President of Century 21 Network, in the first half of 2022 the average amount of individual contribution was “the highest ever” at about 21% of French property prices, while in 2017 it was still possible to buy without a personal contribution. .

Acquisition of real estate has become complicated in recent months. Interest rates have risen, but prices in most areas have either stayed the same or continued to rise. The solution that the bank should finance is to borrow less and thus get a larger personal contribution.

A study by broker Finance Conseil, which aired on BFMTV on Wednesday, July 6, indicates that the number of such contributions has increased sharply in France in just a few months, with strong disparities depending on the region.

Prices and interest rates have gone up, and now usury rates are also invading the market. The maximum total interest rate at which banks are allowed to lend is not rising fast enough. So much so that broker Finance Conseil tells us that 16% of credit applications are no longer successful today.

To pass the stage of bank financing, the only option is to borrow a smaller amount. Therefore, you should enter a constantly increasing personal amount into your project. In the second quarter, the average national contribution reached a new historical record of €67,273, an increase of almost 30% compared to the beginning of the year.

Ile de France requires the highest contribution, with an average increase of 26%, while in Rhône-Alpes it exceeds 21%. “Obviously, first-time buyers are the hardest hit by this phenomenon,” the agent notes.

“We see a 7% decrease in the number of first-time buyers between the first and second quarters with an average contribution increase of about 15%, notes Finance Conseil. The number of first-time buyers who have to consolidate loans before their real estate project has doubled compared to last year.”

Over 200,000 euros of contribution on average in Ile-de-France

According to the study, Ile-de-France experienced the largest increase in average inflows, rising from an average of €132,899 in the first quarter of 2022 to €200,799 in the second quarter. This is an increase of 51%. This equates to more than 25% of the total ownership. It comes after the Paris-Brittany region where the average contribution increased by 50% to 63,751 euros.

In overall volume, Ile-de-France clearly comes first, which is not surprising. The Auvergne-Rhône-Alpes region comes in second with an average contribution of €122,099 (+37%).

On the other hand, some areas stand out with a decrease in these needs. This is particularly the case in Hauts-de-France. The Financial Management Board noted that the required contribution decreased by 20% to €37,516. Aquitaine also saw a slight decrease of 9%.

The main difficulty in supporting reliable and useful borrowers is the erosion rate criterion and its inappropriate calculation method, as well as the 35% recovery criterion issued by the High Commission for Financial Stability, which the broker regrets.

Specifically, 16% of bank loan applications were rejected due to interest rates that fell during periods of particularly high interest rates.

12% of borrowers could not be supported in their financing projects because they did not meet the HCSF criteria, while files were accepted in full until January 1, 2022, the date on which these criteria were enforced in a binding manner.

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