Real estate credit: can we take in another region to obtain a better rate?

Mortgage rates are not necessarily the same from one region to another, with an equivalent borrower profile. Hence the temptation to borrow in a region other than that where we buy. Here is what conditions this strategy is possible.

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Tenant in Paris, if you decide to buy an apartment in the capital, your first reflex to find a credit will be to request your bank of the 18th arrondissement, where you live. But the rate of 3.20% over 20 years that it offers you seems a bit high, and the offers of its 18th century competitors are barely better. Do you know that it is possible to canvass banks from other regions? “It is perfectly possible to contract a mortgage in a region different from that where you buy your property, which can make it possible to achieve Several thousand euros in savings On the total cost of the loan, the rate that can vary depending on the region, with an equivalent borrower profile ”indicates Pretto, in a published press release Wednesday May 21. A “legal and simple to implement strategy ”assures the broker.

A legal strategy, yes, still happy! “Nothing prevents us from borrowing in another region. In the west of France, the rates are often lower than elsewhere due to a significant presence of mutual banks, which engage in strong competition ”Acquies Maël Bernier, spokesperson for the Bestaux broker. “In theory, yes, it is possible, and we can thus have lower rates, with deviations up to 0.5 points From one region to another “confirms her counterpart Sandrine ALLONIER, at youfinancer.

A strategy in theory possible but in reality complex

According to Pretto, the three regions where it is currently the most interesting to borrow are Ile-de-France, Burgundy-Franche-Comté and New Aquitaine. In the capital region, “Strong competition between banking establishments draws rates down”explains Pretto, citing rates of 2.89% over 15 years, 2.90% over 20 years and 3% over 25 years. Gold “A loan contracted in Ile-de-France can finance a purchase in the Alps or in Brittany“Says the broker.

“In fact, this strategy is complicated to implement because banks wish to develop a proximity with their customers. A Breton bank can agree to finance a Parisian who buys a secondary residence in Brittany, but rarely a Parisian who buys in the capital “retorts Sandrine Allonier. Maël Bernier abounds in his sense: “Banks want a lasting relationship with their customers. If we live in Paris and buy in Courchevel wishing to borrow from Biarritz, it will be difficult, unless you have a friend in Baiarrotte Bank! The bank will send you back to its colleagues in the city where you buy. ”

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Have ties in the region

“However, there are exceptions, we see»»she admits. For example, if a young active man living in Rennes (Brittany) wishes to buy his first accommodation there, it is a safe bet that the Bank of Chartres (Center-Val-de-Loire) of which his parents have been customers for 30 years, and where they have a substantial heritage, will not refuse to finance the acquisition of this property yet located in another region. A fortiori if the young buyer is also a client of the papa and mom’s bank! “It’s necessary have a tie in the regionif not, it’s really complex ”adds Sandrine Allonier.