First, what are the advantages of buying back credits?
The objective of buying back credits is to allow people with projects to be able to finance them on very competitive terms. Take the example of a client who has a mortgage at 5%, 7% in consumer loans and wants to do work at home. With a loan buy-back, this client will encompass everything at a rate of 4.80% over the duration he wishes.
In short, this will allow him to reschedule all his debts while having immediate cash, with an overall rate approaching the financial conditions of a mortgage.
What is the current market situation?
Vast question. Since the start of the school year, we note that, at a certain number of banks, the time has come to reopen the criteria. In fact, traditional deposit banks have achieved their credit renegotiation objectives; suddenly, they reduce the airfoil and refuse certain profiles. As a result, production is transferred to banks specializing in credit consolidation. This is reflected in particular by a certain competitiveness of the rates offered.
You mentioned a reopening of the criteria. How is it manifested?
As part of a mortgage loan repurchase (note: a credit repurchase guaranteed by a mortgage), some partners now take into account precarious income (Assédic type) in the analysis of the current situation of customers, provided, however, that one of the spouses has a sustainable income. Similarly, we note that the value of the property is valued more favorably by financial institutions, which allows borrowers to present a more solid guarantee.
Going back to the interest rates on loan repurchase, at what level are they, and how will they evolve?
We can go down to 4.80% for a fixed rate on the repurchase of mortgage loans, without domiciliation of income! Regarding the second question, we are in a rather upward trend but the rates remain attractive. No strong recovery is expected by the end of the year.