Funding: soaring lending rates

Posted on October 29, 2023 at 2:00 pm.Updated November 6, 2023 at 3:40 p.m.

“Visits will only be scheduled after a solid funding request has been submitted. Your time is precious and so is ours. » Just a few months ago, it would have been unthinkable to read this type of injunction in estate sale notices. This was noticed by Investir on an advertisement of a mill in Essonne (91), which was put up for sale by an individual.

It must be said that sellers have reason to be suspicious… Bank rejections have been increasing in the last year, firstly because of usury rates, these maximum rates that banks are allowed to give, which for a long time remained an uncorrelated reality – they were not high enough – then because of the rapid increase rates, averaging 4.04% today, putting many buyers off.

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