new measures
This decrease is explained by the removal on 1 January 2012 a series of measurements. Pamela Reynders, spokesman for the Professional Union of Credit, brings his explanations of the mic Celine Hürner for Bel RTL: “I think of the measure relating to investment in green or deletion of deduction for certain investments energy saving, such as solar panels. VAT was also introduced in legal fees. All these factors discourage households to engage in work. ”

tax Reform
Carnoy Francis, president of the Confederation of construction Walloon, explains: “The order books are very low.” The sector is concerned and expects a further decline in employment in the months to come. Fortunately, the alliance-employment environment should limit losses. “The Walloon government launches a double boost to households both in premium home improvement and zero-interest loan,” adds Francis Carnoy. According to the Construction Confederation Walloon (CCW), should also be a tax reform and simplification of planning rules, in order to reverse the trend and revive the urge households to rebuild or renovate.

There are signs that activity in the Norwegian economy is slightly higher than expected, but tensions on international financial markets have reappeared, says Vice-Governor of the Norwegian Central Bank in January Qvigstad in a statement.

Norges Bank also provides that this level of 1.5% which it had reduced the rate portfolio in March, is expected to continue during the year.

In March, it was envisaged that the main interest rate remains at its current level throughout the year (…) The situation remains largely unchanged, is Mr. Qvigstad.

Although Norway continues to show strong growth and low unemployment rate, which calls for a tightening of monetary policy, Norges Bank said having to consider the depression that hits other industrialized countries, where rates should remain near zero in coming months.

Too large a gap in rates between Norway and other Western countries would have the effect of strengthening the Norwegian krone and thus penalize Norwegian companies to export.

In March, the amount of new housing loans reached 6.8 billion euros, against 7.3 billion in February (-7%), the lowest production since May 2009. The decline was 53% compared to same month of 2011.

For business credit, production is also a contraction, but much smaller, with a 6.2% drop from February and 5.7% compared with the same period of 2011.

Example 1: the borrower negotiates a new loan in 20 years

>> With an average rate of 3.20% over 20 years proposed today, it is hoped a total saving of 50,511 euros, with an amount of monthly repayments down 10% (1350.99 euros to 1236.22 euros ) and a reduced repayment period of 17 months.

Example 2: the borrower restarts on a new loan of 25 years

>> With an average rate of 3.85% over 25 years proposed today, we can expect a total savings of 17,867 euros with a maturity of monthly payment down 20% (from 1350.99 euros to 1097.79 euros ) and an extended repayment period of 47 months.

These gains are calculated by taking into account early repayment charges (capped at six months of interest, or 5,430 euros) and guarantee fees (l2.340 euros).

It has almost become a ritual. In May, as in previous months, Meilleurtaux announced a further decline in credit rates in May.
Rate cuts on the durations of 20 and under
A bank of two shows declining rates on all maturities of borrowing. More and more banking institutions choose and they are becoming more numerous – 3 of 10 – not to lower their rates on 20 and under, leaving the stable beyond. “A 4% on average over 20 years against 4.30% in January, rates are currently very favorable, returning to its early 2011 level and reversing a year of increases. “Said Meilleurtaux. To date, half the rate tables received for May show reductions on all durations, up 0.12 points and 0.30 points for certain. The brokerage says that “in this context, the credit application and restarts slightly increasing numbers of borrowers are considering whether to renegotiate their credit. ”

Herve Hatt, CEO meilleurtaux.com judge that “The mortgage remains a priority for banks. We believe that rates should be very advantageous at least until September, especially since the rate of OAT 10 years – long-term rates as a reference for determining lending rates – remains below 3% . “

Month after month, the statistics confirm the breakdown of the number of loans granted by banks. Loan production has dropped by 32.2% over the first four months of the year, year on year (down 9.5% in April), according to Housing Credit Monitoring / CSA. The trend is even more pronounced in the former (-38.3% in four months), which has found its level of April 2009, at the height of the financial crisis. “The improvement of the fall of 2011 was not enough to reverse the recessionary market,” says the Observatory. Any household appetite for stone, while the economic outlook remains uncertain, the decrease of the tax benefit of Scellier and especially the disappearance of PTZ + in the former account for this fall and the changing housing market.

“The market is refocusing on a wealthier clientele in the capital growing at the expense of younger buyers in particular,” said Housing Credit, credit institution whose shareholders are the major French banks and which presents itself as the leader of the guarantee housing loans to individuals. Young people under 35 years and the poorest households who do not have personal power are less likely to buy their first home.

Lower borrowing rate
At the same time, the rate of home loans himself has declined significantly, falling from 3.95% in February on average (excluding cost of insurance and securities) to 3.67% in April (53.4% ​​of loans have was granted in March to less than 4%). “The rates are returned to the levels of Q1 2011,” says Philippe Taboret, CEO of broker Cafpi. “Borrowers can get a fixed rate of 3.55% over 15 years, to 3.80% over 20 years or 4.10% over 25 years. This trend is similar in most regions, “he says.

However, grade Mouillart Michel, professor of economics at Paris-Nanterre west and one of the authors of the study of the Observatory, the current decline in interest rates is explained by the significant reduction in duration of borrowing including related the disappearance of young households went into debt or modest over long durations with rates higher credit, “he justifies. In April, households went into debt to 16.6 years (200 months) on average, against 17.6 years (212 months) in February alone. A new level since 2009. New fact, “is now falling as fast in the old (213 months in April, against 226 a month on average in 2011) than in the nine (220 months in April, against 233 on average in 2011),” according to the Observatory.

Production of mortgages down sharply
In addition, borrowers, older, more affluent, have a personal contribution of its growing. In April, the average intake and represented 28.6% of the cost of the operation (against 24.7% a year earlier). “All types of households are affected by the increase of the mean intake. Deleting the PTZ + up out of the market a part of households, the smallest, which has a mechanical effect on the rate of contribution, “explains Michel Mouillart. Not to mention that the banks have also become much more picky and stricter conditions for granting. Preferring often dip into their savings to buy the stone, households go into debt less. The average loan amount increased from 152,900 euros in April 2011 to 145,800 euros in April 2012, while the average cost per transaction has risen to 204,300 euros him (202,900 euros in April 2011).

These trends should continue. “The market disruption, most likely, will not stop,” says Michel Mouillart. The Observatory, expects a production of mortgage loans fell sharply in 2012 to 120 or 125 billion euros, after 160 billion euros of accepted bids in 2011.

Money is a very sensitive issue, especially when you need it!
It is difficult to admit to not find funding in France when it was of real estate and stable income. This is even more frustrating when we see that our European neighbors have financing solutions tailored to every need.

With this in mind, the firm Fideal Credit has developed over several years offers a unique mortgage based on partnerships with foreign banks. With its experts, evaluates your credit Fideal project determines the strengths on which to build and provides financing that fits your needs perfectly. Traditional banks do not handle these patterns, their rigidities close the door to many possibilities. Credit Solutions Fideal can provide credit such as loans for retired senior citizens, the OCH opening of credit for cash advances on goods for sale, Equity Release for other types of applications. The website of the company present an accurate knowledge of the firm Fideal Credit.

Reliability

Credit Fideal partners are the European banks of the first plan. Interlocutors speak French, loan offers are written in French, acts are signed by French notaries in compliance with French laws. Funds are denominated in euro.

Credit Fideal therefore offers flexibility and openness to foreign bankers with the safety of French laws.

Who can benefit?

You must own a property in France, preferably in Ile de France or in the PACA region. Be a need for about 50% of the value of the property being mortgage, have a stable income and not be listed by the Bank of France.

For registered persons, other solutions are proposed by Fideal Credit.

The benefits?

Fixed rate loans, repayable or in fine, no obligation insurance loan, not to open an account in the bank, not investment collateral for loans in fine …

Of attractive mortgage rates and fueled a demand made ​​the game a race to all owners, which are known from experience not bode well. The rapid rise of prices of investment funds allow massive fear the formation of a speculative bubble. While the European crisis in full swing.

So, the Swiss bank is out of her beautiful reserve Helvetian to point the finger at the mechanism of elevation of house prices, dangerous.

The profession has variously experienced the arrival of these new entrants. We heard everything, that bankers can not do these jobs, they were going to industrialize without nuance or insight, and that the logic of profit and money going to win on trades and commitment to learn -how. I was one of those, because there were, who thought rather than the bankers could first learn these trades and renewal practices, with a more modern client approach. In fact, when I contributed to the IPO of FONCIA in 2001, I said and wrote that these newcomers were welcome, and they were carrying two hopes: they too institutionalized professions often regarded as minor activities, and they arrived with means to develop them.

Most institutions have drawn a line

What about ten or fifteen later? Most financial institutions that had entered the sector came out and sold their stock in trade or professional actors to always or investment funds. Why? Because they realized they were difficult and that profitability was not automatic. Who is he? Essentially two networks, Crédit Immobilier de France, under the “Property in France”, and Credit Agricole, under the name “Square Habitat”. The BPCE, addition of the Caisses d’Epargne and Banques Populaires, still holds 17% stake in FONCIA after the transfer to the two funds Eurazeo and Bridgepoint, but it’s not a strategic stake.

The two key players, the green bank and the CIF, will they, themselves, continue with the transaction and managing residential real estate? Will they succeed? Everything leads to believe, for several reasons that I wish to dwell.

I note first that the only two banks have a culture still present estate. The network of SACI (Limited Companies Credit Immobilier), established to finance social access and popular property in 1908, was immediately engaged in real estate activities in an operational way, becoming fast land developer and builder houses. As for cases of Crédit Agricole, they support the promotion for a long time, and their network is the largest financer of households for housing (1/3 market share).

Importance of proximity

I then noted that both banks remain in real estate service facilities are to network, that is to say, whose organization is based on proximity. But the logic of proximity is vital when it comes to housing services, because knowledge of markets and individual situations determines the accuracy of answers. All surveys show that the French require more listening on the part of real estate agents and property managers and a stronger bond of empathy.

Finally, I note, in a somewhat cynical, that these two banks have the means of patience and learning curve. They are healthy banks, one specialized and one generalist, strong capital abundant, grounded on skill set, enjoying the confidence of households. One and the other tactics have made mistakes, but have not made strategic missteps, and have real convictions about the merits of real estate services.

Both rely on training, quality recruitment. Both were kept wanting to implement the solutions of the bank in the field of management and transaction. To be fair, some cases of Crédit Agricole and Crédit Immobilier some companies could go astray, for example, believing that personal bank could in principle make good managers or employees of the estate. For example, believing that the administration of property was only the management of assets, and that these trades were easy. But the strength of these networks is rooted in respect of the exemplary: Credit Agricole is now particularly to promote exchanges between banks and the regional subsidiaries that are necessary for good practice.

These two operators are also active in their clarity vis-à-vis the public about the financial relationship between the bank and real estate, right from the beginning of their diversification. The legislature requires that in 2009, and now the mandates entrusted to an agency owned by a bank must state capital dependence. These two signs had preceded him, and Square Habitat for instance even listed in his teaching the identity of its shareholder.

What originality?

Clearly, no deception and legitimacy. It should, however, that these actors are aware of their responsibility: they should only be involved more in the market, or do they claim to originality, at least at some stage of the learning curve? This is obviously the second track they need to borrow. They particularly the means to innovate. They can afford to provide composite solutions for real estate, financing, savings, insurance, and becoming service aggregators. Sure, they walk in this direction already. They will go further … and tell the public to differentiate.

They will in this regard should not be confused packaging and tying: the client wants a one-stop services, no purchase necessary. he wants to take advantage of the synergy between these brands and management of the transaction, and their parent, but with transparency and freedom. The legislature has also made arrangements to clear the public is fully aware of the origin of products and services.

They also have a familiarity with Internet tools, learned in the bank, they can leverage for marketing real estate services and access their customer information. On this ground, the profession lags harmful, especially to the consultation online accounts or accounts of trade action.

Yet the bulk is not there. It is important to these operators do not forget the basics: do its job. What is wrong to be real estate agents and property managers? Not to do their job with orthodoxy, correct, strict, not to render the service expected of them, not be effective. In this context, the differentiation might well be … working in the state of the art. At these large houses, Credit Agricole in mind, we do not forgive not start at the beginning, and does not demonstrate compliance with the know-how, both adherence to regulatory requirements and taste for the fine professional actions . Their brand is a promise of first jurisdiction, and that promise must be kept. As the Bible says, “the rest shall be added unto them.”

To qualify for insurance, the borrower can either opt for the monthly payment of a premium in addition to its draft or a lump sum and performed at the beginning of the credit. A borrower who wishes to minimize monthly payments has every incentive to choose the second option, especially as interest charged against the premium paid monthly. However, the regulation of insurance costs once at the beginning of the credit may be disadvantageous to the recipient, especially in case of early repayment of credit.

In theory, in the latter case, the beneficiary is no longer appropriate to continue to be insured and the insurer must restore to him the balance of the premium originally paid. This actually corresponds to an overpayment that the borrower must recover upon the liquidation of the loan. But in practice, the reimbursement is far from being systematically. To guard against this, “the borrower must request the insertion of a clause in the credit agreement that requires the insurer restitution from the premium received in excess in case of early repayment,” Jamal recommends Maatouk, doctor of law and legal counsel. And if this precaution was not taken at the very beginning, it is recommended to apply in writing to his credit agency, but also the intermediary with the insurer, and to claim, against a receipt The accruals basis of the insurance premium overcharged, because of early payment. In case of non-response, response to the Department of Insurance and Social Security (DAPS) may be requested. And after exhausting these options, it is possible to appeal to the competent court.

Another point of care relates to the fact that the borrower does not have much leeway to choose the organization where it wants to ensure his credit. Indeed, a practice that is widespread on the market almost requires the applicant to take the credit insurance negotiated by the bank from its partner organization.

The insurer can refuse proposed by the lender

Indeed, it is still possible to negotiate with the credit institution to offer him another contract of insurance with single premium all safeguards to allow it to recover the debt in case of trouble. But in most cases, because the balance of power in favor of the lender, the beneficiary has the final choice but to accept the proposed conditions, or refuse, thereby waiving the credit. Note in this respect that the law 31/08 on consumer protection has not provided a solution to this problem. However, his contribution is to force and the insurer and the lender must disclose sufficient and clear to consumers the extent of its commitments and their content.