The authorities have lightened the recommendations governing the granting of mortgage loans made a year ago to slow down the explosion of the market. They are putting in place new, less strict constraints which will now be imposed on banks.
It is the culmination of a long struggle. A year after making recommendations to avoid a boom in mortgage lending, the High Financial Stability Council (HCSF), which brings together regulators and Bercy, decided on Thursday to loosen them, in particular so as not to penalize young households.
« We want to be as close as possible to the needs of households and in particular first-time buyers, explained the Minister of Economy and Finance Bruno Le Maire, at the end of the meeting. It is essential for us that the French can access credit easily and under the best conditions when they are first-time buyers. This is the key point of our policy. »