The "second chance" for refused mortgage loans will not be renewed in 2025

"The system for reviewing ungranted real estate loans was the subject of very few requests in 2024, after informing the customers concerned. This is why the system will not be renewed in 2025," explains the professional federation.

The number of eligible applications would be in the dozens, a drop in the ocean even in a market that is running at a slow pace.

Strongly encouraged by the Banque de France and Bercy, French banks had set up a "second chance" system for refused mortgage loan applications in February 2024, in a context of the real estate crisis.

Planned until the end of 2024, these second reviews of ungranted real estate loans were carried out at the request of customers, for their financing files for their main residence, secondary residence or rental investment.

The idea of ​​this appeal was launched in November 2023 by the governor of the Bank of France François Villeroy de Galhau. The then Minister of the Economy, Bruno Le Maire, and the High Council for Financial Stability (HCSF) followed suit.

The mortgage market, at its lowest level in 10 years in the first half of last year, is still recovering: the total amount of housing loans excluding renegotiations seems to be stabilizing at around 10 billion euros per month at the end of 2024, according to data from the Banque de France.

Illustrative image of the article via Depositphotos.com.