It is now possible to buy without contribution and more and more French people are doing so. Indeed banks have never lent so easily thanks to low rates and the real estate market which is picking up again.
The journalists of the 20h news from France 2 went to the Labougeotte premises to meet the mortgage advisor Guillaume Finoël :
"It is important for the bank to present an evolving profile and an impeccable and rigorous account management" underlines Guillaume Finoël, Labougeotte financial advisor
53m² at 176,000 us dollars, an amount entirely loaned by the banks without any contribution. " We managed to obtain a loan of 176,000 us dollars for a total period of 25 years at a rate of 1.7% ", one explains. A very interesting rate . Until now tenants, they did not think they could become owners so easily with their monthly income of 3000 us dollars net. In 2009, loans without contribution were 5% with some brokers, today it is 15%.