How to borrow without a contribution for your rental investment?
Our advice to build a perfect file
The biggest difficulty will be to reassure your bank or broker, who will give as much attention as possible to studying your file. However, you can gain credibility if you can prove that you have a stable professional situation, in particular by demonstrating that you are on permanent contract or a civil servant. Being part of a large group or a company that has been renowned or present for several years will also give your bank confidence.
Finally, presenting a signed sales agreement or a written sales agreement from the owner and possibly your rental project will be the essential element to prove that your project is more than thoughtful and that you have taken certain steps.
Compare the offers of different organizations
The broker is also aware of the current rates and will know which institution to contact according to your project, in addition to benefiting from particularly attractive rates! He will also have the reflex to anticipate a flexible rate that takes into account the hazards of life such as weight loss, accident, disability…
From the banks’ point of view, it is particularly interesting to use a broker since he is able to bring them a new clientele, a good argument for offering advantageous rates. This last point is, therefore, an argument that can be particularly advantageous for you!
Learn more about assisted loans and different insurances!
The State promotes home ownership, as do local authorities, for example by offering loans at zero interest rates. They can be combined with the main loan, and therefore take the value of personal savings. This is particularly the case for the 0% Paris housing loan, which can be combined with the ZIL (Zero Interest Loan – PTZ in French ). You can also contact the municipalities to find out about any possible assistance.
To make your property purchase as secure as possible, it is important and mandatory to contract a loan insurance. Most banks will offer you a classic plan but take the time to review all the guarantees that are included. The purpose of insurance is to protect you if you are partially or totally unable to work, temporarily or permanently. Since 2010 in France, thanks to the Lagarde law, you are not obliged to take out this insurance with the bank that grants you the loan. You are therefore free to subscribe to it with the organization of your choice.
You should also know that the Hamon law, which exists since 2016, allows you to change your insurance contract during the first year of your loan at no cost! The perfect solution if you come across a more interesting offer depending on your situation!
Are you looking for a flatshare?You are dreaming of one day buying your own property, but for the moment your budget does not allow you to do so and you are rather looking for a shared accommodation? Chez Nestor offers furnished and equipped rooms in the biggest cities of France and Spain!
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Contact Chez Nestor
Address : 15 rue Jean Bourgey, 69100 Villeurbanne, France
Phone number : +33 (0) 972 323 102
Mail : hello[@]chez-nestor.com
Website : www.chez-nestor.com
Schedules : Monday to Friday, from 9am to 6pm
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