The High Council for Financial Stability (HCSF) advocates strict application of no more than a third of debt income and not beyond 25 years.
More than 200,000 households could see their mortgage loan refused by banks in 2020 due to the tightening of the criteria for granting mortgage loans, according to the broker Meilleurtaux.com which publishes its 30th mortgage observatory on Thursday March 12.
Even if loan rates remain low, accessibility to homeownership will become more difficult for some French people. After an exceptional 2019 for the real estate market, 2020 promises to be very different. The High Council for Financial Stability (HCSF) has issued a series of recommendations for lending institutions. There is no longer any question for the banks of letting households go into debt beyond a third of their income and especially not beyond a period of 25 years.
This barrier to accessibility could further congest the rental market.
The year 2019 allowed “home ownership of the ‘less well-off’ categories, since 65% of borrowers were employees, workers or middle managers. The CSP + represented only 16% ”, specifies Maël Bernier, communication director of Meilleurtaux.com.