OUR ADVICE – A new device will allow you to renegotiate your insurance at any time. The only obligation was to present a new contract with guarantees equivalent to the old one.
Despite rising interest rates, the monthly mortgage payment still far exceeds the cost of interest. In order to save several billion euros during the loan, customers are interested in competing on this insurance. Especially since 1er June the regulations change again.
What are the new measures?
No more calendar constraints to identify the right date to terminate: the new device of the Lemoine law (law na 2022-270 of 28 February 2022) allows insurance to be renegotiated at any time. It follows three previous laws (Lagarde in 2010, Hamon in 2014 and Bourquin in 2016), which were not enough to open up the borrower insurance market. It is still locked in by banks, which retain 88% of it. Implementation from 1er June for the new credits, the reform will be extended to all credits during the 1sternext September. Banks will even have to remind the borrower every year …