Rental investment, home ownership, etc. : in Belgium investment projects in stone are numerous and diversified. Real estate remains a safe haven. And the market is particularly conducive to this type of investment. It remains to find the right financing.
Belgian banks to help you
There is nothing faster and more efficient than the affected consumer credit offered by the Belgian banks to carry out your investment project. This is a ceiling of several hundred thousand Belgian francs repayable over 20 years on average depending on your possibilities. As mentioned above, this is an assigned credit. You must therefore justify your request with a compromise or a promise of sale. What is not very expensive pays to enjoy an attractive rate. According to polls, an assigned credit is always cheaper than personal loans. We are talking about a loan of 1.66% on average over 20 years.
The conditions of access to a mortgage in Belgium
If everyone can claim a mortgage for financing its project in Belgium, the chances of success of the application vary from one profile to another. In order to put the odds on your side, here are some tips.
On paper, Belgian banks do not require personal contributions. But in practice, paying 20% of the capital needed for homeownership could benefit you. Not only does this reassure the banks, but it is also a way to negotiate a better rate. Here as elsewhere, the APRs of a mortgage are calculated on the basis of the capital borrowed and the duration of the commitment.
In addition, Belgian banks have their little favorites. You will have a better chance of obtaining a credit if you justify a good salary and a fixed job. Be aware that a borrower insurance is mandatory to claim a mortgage on the spot. It will be the same for a certificate of residence. Establishments in Belgium only borrow from residents.
Depending on whether you subscribe to an offer online or from a physical bank, delivery of these documents to the institution’s headquarters can be more or less complex. In the first case, a courier service is ideal. The sooner your receipts arrive at the bank, the sooner you will be fixed on the fate of your request.