Proposed legislation on loan portability
At the beginning of May, a bill was tabled to extend the portability of home loans. Homeowners would be able to keep the loan taken out on the property they wish to sell in order to finance the purchase of a new home. In this way, they would benefit from the interest rate on their first loan if it is more advantageous than the current rates. The aim is to unblock the transaction market. This possibility, which already exists and is known as the "portability clause", has been removed by banks from their loan contracts for some years now. The proposed law aims to introduce this clause into all home loan offers, while allowing the borrower to choose whether or not to use it.
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