Will the activity premium benefit borrowers? In other words, will it contribute to the real estate purchasing power of the beneficiaries? The answer is not so sure. In fact, when the question arises to borrow, the applicants will first have to know their borrowing capacity. This is determined by the maximum debt ratio acceptable by a credit institution.
A boost taken into account by banks?
Banks usually set this limit at 33% of revenues. That is to say that the amount of a monthly repayment can not represent more than one third of the household income who wishes to take out a mortgage. For borrower profiles with high incomes, this limit can be greatly exceeded depending on the banking institutions.
For the other profiles, it will be necessary to mount white paw. But will the activity premium of 100 euros per month be taken into account by banking institutions? According to a network of mortgage brokers, this will depend on the goodwill of the banks. Some of them have already mentioned the non-inclusion of this activity premium in income.
Will the activity premium be in time?
They put forward the argument of the durability of this premium because if it were to be abolished in the near future, the borrowers’ income will be further impacted. Finally, if the beneficiary has involuntarily made a wrong request for a premium, he will be asked for a refund.
The FBF, the French banking federation, agrees with this and indicates that the calculation of borrowing capacity must be made from sustainable income. One-time income can not be taken into account. Will the boost from the activity premium last a long time, because until then it was a response to the booming movement that began in France last autumn.
Yet, with a calculation encompassing the premium in income, borrowers gain some purchasing power. For example, for a couple of workers earning the minimum wage, the bonus can borrow 15,000 euros of additional capital with a mortgage for more than 20 years.