A well-prepared file makes the difference between an accepted application and a refusal. Discover the best practices to maximise your chances.
A solid mortgage application is built well in advance, sometimes months before signing a sales agreement.
1. Stabilise your work situation: confirmed permanent contract, seniority, no trial period.
2. Clean up your accounts for 3 to 6 months: no overdrafts, no parallel consumer loans if possible.
3. Prepare a personal deposit of at least 10%: it reassures banks and finances ancillary costs.
4. Gather all required documents: 3 recent payslips, 2 most recent tax notices, 3 latest bank statements.
5. Compute your debt ratio precisely: must remain below the 35% HCSF threshold.
6. Assess your remaining living budget, an indicator increasingly scrutinised by banks.
7. Use a broker to put several institutions in competition and negotiate the best terms.
A well-prepared file can mean up to 0.40% negotiated off the rate. On a 200,000 €, 20-year loan, that’s more than 10,000 € in savings.