What explains this increased trading margin?
“Since the European Central Bank has started to reduce its deposit rate again, it is less attractive for banks to place money with it. They are therefore looking for a new destination for this capital. To this end, they are applying a more considerable margin to grant a reduction (initially up to 0.75%, now up to 1%). This is in addition to the general fall in mortgage rates.
Does everyone have the same negotiating power?
“Unfortunately no, because it depends on many criteria. There is the family situation, the level of income, the fact that members of the family are also customers of the bank or not and many other criteria. We notice that elsewhere in the credits indicated that some obtain much better conditions than others. But it is important that each borrower knows that it is possible to lower the conditions of the displayed rate.
How can we then maximize this reduction?
“By also taking out your outstanding balance insurance with the bank. In principle, they can no longer require it, but in practice, this still plays a role. The same goes if you take out fire insurance with the same bank. Anyway, you always have to take into account your overall costs: both your interest rate and the amount you have to pay for compulsory insurance Sometimes the combination with the lowest rate. turns out not to be the best option beneficial in the end.”
https://www.dhnet.be/conso/immobilier/2024/10/23/immo-bonne-nouvelle-pour-ceux-qui-veulent-emprunter-du-jamais-vu-depuis-2008-MF3WRHLQIBFD3G4BYN6ER24IAM/
