This led to no more than lend 65000 euros i

That become relay credits Of the admission of the banks, if the production of these loans has fallen, it is simply because borrowers are even seeking them. "This is not a problem of offer, confirms Frédéric Senan, Director-General delegate of meilleurtaux, less within borrowers have recourse because the time of resale are elongate, particularly in the former where they oscillate between nine and 18 months." A view shared by many brokers. "The market it is self-regulating, explains Ari Bitton of AB brokerage, we have five times less requests than before the crisis because those who are considering a purchase-resale operation now prefer to sell first." And for good reason! The banks have, it seems, largely contributed to cool the fervour of the pretenders to the relay loan. In the best cases, financial institutions lend more than 60 to 70 of the amount of the property for sale whereas previously, they easily crossed the 80. "Some have even changed the method of calculation of the relay loan, notes Maël Bernier-Resch, responsible for communications at empruntis. A less favorable to borrowers calculation mode, which makes many of the non-viable projects.

Specifically, how are they Property worth 200,000 euros and on which there were 75,000 euros to repay, the Bank lent for example 70 of the remaining EUR, either 87.500 EUR 125.000. Now, it applies to 70 on the price of the property origin. In the result, it subtracts the 75,000 euros of loan remaining. This led to no more than lend 65,000 euros, i.e. 22.500 euros less. The difference is not trivial when it is sought to fund a transaction of purchase-sale. "Our criteria have not changed, said Vincent Picard, head of marketing credit in LCL, we lend up to 70 of the net to receive, i.e. the sale price less outstanding credit and we have the feature to take over two years.

Additional precautions

In any event, it would seem that credit institutions meet not this reduced amount. With real estate activity, although in slight rebound strongly slowed in recent months causing a fall in the price of the order of 5 to 15, or 20 depending on the sector, difficult to achieve a correct estimate of the property. Hence the additional precautions. According to brokers, before the crisis, banks simply at the more than two estimates or terms of sale. Today, "they require not only mandates, but estimates from agencies not interested in selling", said Frédéric Senan. A way for the Bank to ensure that the property is saleable to the asking price. "One cannot generalize, according to the city, the region, the location of the property, (proximity of transportation for example), the requirements of the banker vary," explains Maël Bernier-Resch. One thing is certain: credit relay involving the sale of a house in the open field is not treated in the same way that a four-piece in the centre of Paris and Lyon. In addition, "a relay for a good of 250,000 euros passes better than another for a higher amount", said Frédéric Senan. Side mode of refund, where also the attitude of the banks has changed. During the boom period, they were more flexible and proposed without difficulty the total free of interest, but it often turns into partial franchise.

"We practice the two launches Vincent Picard, but it is true that we recommend more more reassuring partial relief for the borrower." On a loan of 100,000 euros to 4, the monthly payment is less of at 333 euros excluding insurance. "Which however increases the burden of repayment when a supplementary loan is sought.