new opportunities to seize to negotiate and save money

The Lemoine law, the measures of which come into force on 1er June for new loan offers, and the 1er September for all current contracts, acknowledges the possibility for borrowers to terminate their credit insurance at any time.

The borrower insurance required by banks when taking out a mortgage is expensive. Its amount can sometimes even exceed that of the interest on the loan. To save several thousand euros over the term of the credit, customers have an interest in competing. As long as it is possible. In 12 years, three laws have succeeded one another, the Lagarde laws in 2010, Hamon in 2014 and Bourquin in 2016, without succeeding in opening up the borrower insurance market, which is still locked by the banks, which cover 88% of it. The new device of the deputy Patricia Lemoine (law n° 2022-270 of 28.2.22, JO of 1.3) will it improve the lot of borrowers?

This 4and law, the measures of which come into force on 1er June for new loan offers, and the 1er September for all contracts in progress, first note the possibility for borrowers to terminate their credit insurance at any time. No more calendar constraints or difficulties…

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