2024-01-13 18:41:00
A few days ago, we told you some good news: it’s a good time to buy. Indeed, interest rates are decreasing as are market prices. Problem: obtaining a mortgage is increasingly difficult. According to our colleagues at VTM, 35% of files are refused by banks.
Our VTM reporters met a couple of young buyers. They both work and want to buy a house. But the amount demanded by the bank is too high. “The house costs 350,000 euros, we have 50,000, but the banks asked us to borrow money from our parents or relatives”, said the young woman interviewed. “We have the impression that we will never be able to get a loan”, said his companion.
Banks ask for 10 to 20% of the total amount as a personal contribution. The increase in credit refusals is observed in the real estate sector. “Clearly, we have noticed more refusals of credit, says Julian Boccari, real estate agent. Banks are more demanding. They require a considerable financial contribution. When you buy, you must already have the notary fees and registration fees in your own funds, and on top of that, the banks ask for a contribution of 10% of the sum.”
Some people have therefore put their desire to buy on hold, or in slow motion. “We remain positive”says despite everything the young woman interviewed, who does not despair of becoming an owner one day.
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