5 and who has been given two loan refusal

During the crisis, it is as if nothing had This is the official discourse of the lender. Candidates borrowers, they feel quite the same way. Many individuals say they are stunned by the amount of guarantees and red tape which is now claimed: sheets of payroll on forty-eight months, rent of rent of the past four years. And this, even when the contribution exceeds 50! Then, where lies the truth In fact, two major types of behaviour are observed in the banks.

On the one hand, there are signs as La Banque Postale, which boasts of having never lent ( 27 of volume of loans in the 3rd quarter of 2008), while all of the production of credit fell by 26. Similarly, in BNP Paribas, "habits have not changed", noted Philippe Stoltz, responsible for the credit to the habitat. According to him, "the criteria are the same as yesterday: is always ready at 100, to twenty-five or thirty years, with rates of indebtedness that vary from 30 to 40 according to the records, he says.". It all depends on income, employment status and the prospects of career of the borrower. It would be not liable for debt a household earning 3,000 euros a month to 40 of its revenues without prospects over time. "However, it is quite possible for a couple in life whose revenues reach 6,000 or 8,000 euros.

Increased vigilance

And then there are the networks such as Crédit Mutuel or Bred, who evoke a return to fundamentals, responsible for credit. Is it to say that before these bankers were indiscriminately In any case, they take more risks.

"Banks have been very risky in their search for profits, analysis Bruno Rouleau, an economist at In & Fi France.". They were surprise on racks and commitments that they do not control. The consequences have been devastating. "All the banking hierarchy began to doubt, which resulted an immediate abandonment of the activity of credit, for fear of the decline in the quality of the wages and the creditworthiness of borrowers face in economic conditions, degradation, and a crisis of inter-bank refinancing which added the cost of resources, and therefore eroded the margin on loans."

Between price high (even if they are falling now) and purchasing power in Bern, the solvency of buyers has indeed strongly deteriorated. Hence a fundable demand reduction and increased vigilance of the bankers. Again, the purchasers are invited to make a contribution on the table (from 5 to 10 minimum), so that, during the years of euphoria, they could hope to borrow 100 or 110.

The end of the long loan period

Very long-term credits are also seen. Loans are now awarded on twenty or twenty-five years on thirty years. "It always manages to finance thirty or even forty years if the folder is viable", said Philippe Taboret, of Cafpi. But, long-term loans, it is clear that loan conditions become dissuasive, with an interest rate of 5.50.

Better also have the right profile, in this case a job tenure, stable income stream and a coherent debt levels. Return to fundamentals means, therefore, carefully Peel records. "The Bank is trying to detect the anomaly points in the operation of the current account." "If there is a transfer that it does not, of expenditure it considers thoughtless, doubts as to the employer, it made its investigation," said Christophe Cremer, CEO of Meilleurtaux.

"False excuses."

Brokers estimate of 15 to 20 of purchasers who were eligible early last year are more today. Real estate agents and promoters do décolèrent else not. "Bankers rely on false excuses for not lending," said Bernard gift, the Orpi network pattern" They will even dissuade their customer to purchase real estate on the ground that prices will fall. "And the case of denied records multiply. As this couple of Nice with comfortable income (50,000 euros per year two) who wanted to borrow 200,000 euros on twenty-five years, or a monthly payment of 1,200 euros and a level of indebtedness of 30.5 and who has been given two loan refusal. Ground Not enough seniority to one of the spouses (6 months contract) and no input, or 16,000 euros placed on plan savings housing which were to be used to finance renovations of the property. For the broker to negotiate the loan, the risk does not exist on this type of case six months ago. Another example, this young couple of investors who wins 200 euros per month and that endettait 24 of its revenues. The reason for the refusal Consulted banks are now regarded as potentially dangerous rental investment and take more into account revenues from rents. Result, the indebtedness of the couple increased from 24 to 37! Examples are legion. Evidence that the timidity of the banks is indeed real. However this timidity is now particularly on the relay loan. The problem is that this represents 30 to 40 of credit records.