4 out of ten residence consumers and home builders fail the brand new lending pointers, however nonetheless obtain a financial institution mortgage in distinctive circumstances.
The brand new, stricter lending pointers have been in pressure in Austria since August 1st. These stipulate an fairness ratio of 20 % for actual property loans, the mortgage charge should not exceed 40 % of the family web earnings and the mortgage time period should not exceed 35 years. If these new procurement pointers had been to be utilized to all new contracts, then, in line with the evaluation of the tariff comparability portal Durchblicker, nearly 39 % of earlier debtors would not obtain actual property financing sooner or later.
However – and that is the excellent news – many shoppers will proceed to obtain an actual property mortgage sooner or later – even when they don’t meet the brand new minimal standards. That is made potential by an exception contingent. The banks could make an exception for a most of each fifth mortgage concluded.
The Affiliation of Actual Property and Asset Trustees within the Austrian Financial Chamber condemns the brand new regulation on the granting of housing loans. They arrive on the fallacious time and could be impractical, in line with Deputy Chairman Michael Pisecky.
Above all, the skilled affiliation is crucial of the sensible software of the foundations, for the reason that FMA didn’t take into consideration the often occurring interim financing between the sale of an house and the acquisition of a bigger house. This will solely be accomplished through the exceptions and makes the actual property transaction harder or costlier.
It’s also fully incomprehensible for the business representatives that the quantity for financing restructuring measures is capped at EUR 50,000 per borrower. Michael Pisecky: “Many personal households should change their heating system in reference to renovation within the subsequent few months. As a rule, this quantity is not going to suffice.”