Since January 2018, it is now possible to renegotiate at any moment the duration of mortgage insurance, which guarantees the funding. This is a major step forward in the rights of consumers who, until then, had not this power only during the first year. We explain to you how to renegotiate your loan protection insurance and get a budget that is optimized for buy a house in the Morbihan.
Why renegotiate the terms of its loan protection insurance ?
To buy a house, the collateral for the loan represents a substantial portion of the budget. Have the opportunity to renegotiate the terms of its insurance borrower is going to allow a part to save on monthly payments, but also to obtain a contract personalized and adapted to your situation, the difference of group contracts offered by the financial institutions.
The conditions to renegotiate your loan protection insurance
In order to be able to realize a delegation of insurance, that is to say, to sign a contract outside of those proposed by the bank, you need to find a contract that you will be able to guarantee the same height and the same risks.
You must send the termination of the insurance by registered mail with acknowledgement of receipt, and the terms and conditions of the new security two months before the anniversary date of the contract. In default, the lender is entitled to refuse the change and it will be impossible to buy a house.
Buy a home in the best conditions
To the extent that it is known that it is now possible to re-negotiate not only his loan, but also the insurance contract which guarantees, it is possible to make savings on the cost of the overall funding, and therefore to be able to buy a house of large sizes. Therefore, it is important to think of its financing plan.
You have the project for you to install and buy a house ? BPS is your preferred partner in the region.
For more information:
How to finance the purchase of a second home ?
