Home builders now need more equity capital. If you don’t have one, you can hope for an exception. A comparison is worth it.
Equity of 20 percent, a repayment term of up to 40 percent of the net household income and a maximum term of 35 years – these have been the binding criteria for home loans since yesterday. However, the directive also provides for an exception quota of 20%. This means that every fifth loan on eg B. less equity can be approved.
“Most banks are very strict”
“But most banks don’t use this and are very strict,” says Durchblicker expert Andreas Ederer. But there are also institutes that make use of the special scheme. “For consumers, this is becoming increasingly opaque and good advice is becoming increasingly important,” says Ederer. He estimates that in the future 15 to 25 percent of home builders will no longer be able to pay a loan. How many there actually are remains to be seen. In any case, demand will fall.
Erste Group boss Willi Cernko also sees it that way. The bank made a profit of 1.14 billion euros in the half-year due to good demand for loans (+6.3 percent). He finds the procurement guidelines useful, but argues for more exceptions, eg B. for young families, where 10 to 15 percent is sufficient. In any case, the first ones here will use their exceptional contingent.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
