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Credit immo Brittany
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 • Hypothecation: Contract by which the debtor gives a good (often a financial product like a contract of insurance life or a wallet titles) to his creditor to guarantee his debt. The debtor is not dispossessed of sound well but cannot have which it any more.
• Notary: Public officer named by the State to establish and preserve the acts on which the parts want or must to confer the authenticity. The notaries exert their functions under the control of the magistrates of the parquet floor.
• Naked-property: Indicate the fact of having the walls of a good. By opposition, usufruct constitutes the fact of living housing or of renting it to perceive rents of them. It is thus the division resulting from the dismemberment of property which distinguishes the naked-property and usufruct.
• Opposition: At the time of the sale of a batch, the salesman must present to the notary a certificate of the syndic attesting that it is not indebted of any sum with respect to joint ownership (Article 20 of the law of July 10, 1965). If the salesman does not present this certificate to him, the notary warns the syndic of the sale by letter RAR.
The syndic then has 15 days to make opposition (by act of usher) to the payment of the selling price to the salesman. The sums due to joint ownership are blocked in the notary and are transferred with the syndic.
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• Real Inheritance: It is the whole of the real goods which you have on a given date. Are included/understood like real goods, constructions, the apartments in joint ownership, the grounds to be built as well as the forests, the agricultural fields and plantations.
• P.L.I.: Or ready intermediate locative. It is a real loan reserved to the people who buy to rent. In exchange, the borrowers commit themselves renting with tenants whose incomes do not exceed certain ceilings. The rents must also be lower than a definite price (variable according to the surface of housing and the areas).
• Appreciation: Appreciation, with the rise, of the monetary value of a good. The main home is exonerated from the imposition on the appreciations. The most been worth are, apart from the exemptions, subjected to the income tax. The most been worth rules of calculation of are defined by the law of July 19, 1976.
At the time of the resale of the second home, the appreciation carried out is normally taxable under the real appreciations, contrary to the main home.
For a sale actual from January 1, 2004, it is possible to profit from the exemption, if one is in one of the following situations:
- the selling price of the good is lower or equal to 15.000€
- you have held the good at least for 15 years
this case of exemption results owing to the fact that it is practised on the amount of the appreciation an abatement of 10% for each year of detention beyond the fifth year.
In the event of imposition, one profits from an additional abatement of 1.000 € (the specific abatements granted up to that point in the event of transfer of the first second home were removed).
• Notice: Unilateral act preliminary to the rupture of a leasing agreement.
Loan - Condition precedent of obtaining a loan: the purchaser with a 40 minimum days deadline to secure its loan under the conditions stipulated in the beforehand signed commitment to sell.
So at the conclusion of the allowed time, the purchaser can justify at least both refusal of loan of different financial institutions, it will be able to recover the amount of the deposit poured with the commitment to sell. The commitment to sell is then null and void.
• Ready with the social accession: It is a real loan, also called, not reserved to the people who buy or improve their main home and whose resources are lower than a definite ceiling.
• Ready officially agreed: It is a loan with regulated interest rate, granted by the financial institutions having signed a convention with the State. It gives the possibility to the borrower, under certain conditions of surface, localization or amount of rents (if you rent your housing) to obtain the Assistance personalized with housing (A.P.L).
• Ready withrate 0%: It is a real loan without interest, intended for the purchasers of new housings or old, provided that the latter are used as main home. In an old housing, work must represent at least half of the purchase price. To profit from this loan, your resources should not exceed a certain ceiling.
• Ready redeemable: It is a loan where the monthly payment that you pay refunds simultaneously the capital and the interests. The majority of the real estate credits functions thus.
• Ready in fine: It is a loan whose borrower pays only the interests for all his length of time. At the last limit, the borrower refunds the capital of only one blow. This loan is obligatorily associated with a product of capitalization like, for example, a product of life insurance.
• Ready intermediate locative: Also called FOLD, it is a real loan reserved to the people who buy to rent. In exchange, the borrowers commit themselves renting with tenants whose incomes do not exceed certain ceilings. The rents must also be lower than a definite price (variable according to the surface of housing and the areas).
• Ready 1% housing: It is a reserved real loan complementary to paid of a company cotisant to the system of the 1% employers'. It relates to only the purchase of a main home and comes in complement from other loans.
• Loan-relay: It is a credit granted to make it possible to buy a real estate before to have even succeeded in selling the real estate whose product is intended to buy this good. It is necessary to be surrounded by a maximum of precautions before contracting this kind of credit whose rates are not at all competitive. It is necessary to be absolutely certain amount that one can hope for sale of the good if not the plan of financing can prove to be disastrous. With this intention, it is to better undervalue slightly the discounted selling price.
• Movable Privilege: joint ownership profits from a particular guarantee which enables him to make seize and sell the pieces of furniture and objects of the debtor joint owner or to seize the rents, if the batch is given in not furnished hiring. This privilege can be used only after obtaining a judgment of the joint owner by a court (Article 19 of the law of July 10, 1965)
• Privilege of lender of sums of money: It is a kind of guarantee which guarantees to the lender the refunding of the debt on the bought good. This guarantee can be taken only in the condition that the good exists already physically at the time of the sale (what excludes the apartments on plan)
• Commitment to sell: Before sale contract signed by the salesman and the purchaser. Two types of commitments to sell prevail: the unilateral commitment to sell which engages only the salesman for one period of time given and the bilateral commitment to sell (or synallagmatic) which engages the two parts of the contract. In general, the purchaser pays an installment (often 10% of the selling price) at the time of the signature of the commitment to sell.
• Promoter: Professional of real construction. He deals with the construction of buildings in order to resell them with reaching the property.
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 • Receipt: Document in proof sent to the tenant by the owner for the payment of the rent and its loads.
• Share: Quota distributed between the Co-borrowers on the credit insurance
• Advance payment: Since the law Scrivener (July 13, 1979), which set up a protective system of the borrower, you have the possibility of refunding a part or integrality of a loan before the term envisaged. However, this possibility can be accompanied by financial penalties.
Renunciation: Act by which one gives up a thing, with a right.
• Profitability: It is the existing relationship between the sums engaged in the purchase and the maintenance of a real estate and the rents boxed for this same good. It is convenient to include the potential appreciation in this calculation.
Cancellation: Rupture of the leasing agreement when the tenant does not respect his obligations: non-payment of the rents, the loads, the insurance deposit of the rented buildings.
• Land Income: They are the incomes coming from the real hirings.
• Seizure: Procedure which consists in immobilizing real goods (or furniture) which become inalienable and imperceptible. The seizure is preceded by a command to pay delivered by usher.
• S.C.I.: Real civil society. The Real Civil society is an civil society having a real activity. They are frequently made up to acquire and manage a real inheritance
• Scoring: Before granting a loan to you, your banker needs to estimate your behavior and your stability. The scoring is a questionnaire which will enable him to evaluate, beyond your level of income, your capacity to control your budget and your expenditure. Consequently, it will in parallel evaluate the risk which it takes while lending to you of the money. More your score is good, better are your chances to obtain an interesting rate.
• S.C.P.I.: Civil society of investment in real estate. In fact investment companies collective the purpose of are to buy and to manage a rental real inheritance thanks to the emission of shares of SCPI in the public.
• S.H.O.B.: Overall surface rough. The SHOB of a construction is equal to the sum of the floor spaces of each level of construction calculated starting from the naked outside of the walls of frontages and at the higher level of the floor, including the roofs and basements, suitable or not, the balconies, the loggias and flat roofs (Source: WAXED, interdepartmental centers of administrative information).
• S.H.O.N.: Overall surface clear: It is the floor space of a construction obtained without taking account of the roofs and the nonsuitable basements for the dwelling, the flat roofs, the balconies and the nonclosed parts at the ground floor, the buildings arranged for parking of the vehicles…
• Sub-renting: Contract of lease established by a tenant with the agreement of the owner to leave the pleasure of although it rents with a third.
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 • Rate of debt: Used in particular by the banks, it is obtained by dividing the amount of refundings of your loans (of any type: consumption, habitat…) by the amount of your incomes.
• Interest rate: It represents the remuneration of a loan. There exist many interest rates according to the markets, of the lenders and the duration… Interest rate is either fixes, known and unchanged for all the duration of the loan, or revisable. In this last case, the rate varies according to an index of reference. In general, the variation is carried out once per annum, at the date birthday of the signature of the trust deed.
• Fixed Rate: Who does not undergo any variation during all the duration of the loan.
• Wrapped revisable Rate: These is a revisable rate which cannot exceed a ceiling fixed in advance (called course)
• Revisable Rate: Who undergoes variations. This interest rate is indexed on an index of reference of the money market with course term which evolves/moves according to economic factors and financial…
• T.E.G: In fact the rate global manpower integrates all the expenses of the credit: the remuneration of the loan itself, sundries, commissions of the bank and the life insurance. It is its value which it is necessary to take into account to compare the rates offered by the banks for your real loan. In general, the financial institutions which sell credit announce an interest rate except insurance. The TEG takes into account the latter.
• Protective sacking: Legal clause which allows, within the framework of an acquisition in free union, to carry out a donation with the alive last, without the heirs to late being able to claim a right on the good.
• Obligatory Work: certain work is imposed by a legislative text or lawful. It can be a question of a rough-casting imposed by the town hall, of the setting in conformity of an elevator to the security standards, installation of apparatuses of obligatory counting for the burden-sharing of heating and warm water. The general meeting must come to a conclusion about the methods of realization and execution of this work so that they are carried out within the deadlines. Or else any joint owner can seize the Court of Bankruptcy so that it orders their execution.
• UNPI: National union of the Real estate. Created in 1893 by private real owners (association law of 1901), with an aim of gathering to defend their shared interests near the public authorities. The UNPI is a federation of 140 employers' federations gathering 200.000 members.
• Usufruct: right to enjoy a thing and to have “the fruits” but not to sell it or give it. This right is temporary and ends in particular with the death of the usufructuary.
• Rental value: versed annual financial counterpart for the use of a real estate within the framework of a lease. This value corresponds to a rent of market in the usual conditions of the beams for a category of goods and a given area.
• Monetary Value: commercial value of a real estate. This value is obtained at a given time and under the free conditions of the law of supply and.
• V.E.F.A: Sale in Future State of Achévement. This sale often said “on plan” returns the purchaser owner of the grounds, existing constructions and to come until completion from sound well.
• For life: Transfer of a good to a third (the débirentier), which pours, n the other hand, with the salesman (the crédirentier) a revenue until his death. The débirentier discharges a first payment (bouquet) lower than the value of the good.
• Vice: It is a defect which deteriorates the construction, and which can be either apparent or hidden.
• Latent defect: It is a defect of conformity noted on a building which does not appear at the time of the reception of work.
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Pour tous renseignements:
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Credit immo Brittany
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