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 The French hardly pay attention there but it is an indicator looked by the economists and the policies because it can provide room for manoeuvre for the growth:
their rate of saving in other words the share of their income available which is not consumed dropped by 1,9 point in France between 2002 and 2005, passing from 16,9 % to 15 %.
Only Denmark and Belgium knew a more important variation of
this rate during the period 2002-2005, note a study of the
Observatory of the European saving (OEE) carried out in ten countries and presented yesterday, with, respectively, 7,1 and 2,7 points.
During the same period, the rate of saving increased moderately in Austria, Germany and with the United Kingdom, consequence of a languid consumption in Germany and an income in strong progression in the United Kingdom
On the whole, if the year 2002 corresponded to a peak of the rate of saving in France, France thus passed from the first rank to the third.
The behavior of the French converged a little towards those of the close countries: the saving which was very strong is reduced a little and the recourse to the debt, especially for the real estate, increased, explains Jacques de Larosière, former governor of the Bank of France and president of the OEE.
From now on, Germany and Italy have a rate of saving higher than ours, to respectively 16,5 % and 15,8 % in 2005.
The share of the saved income still varies however much according to countries: it was 5,5 % in 2005 in the United Kingdom and 10,6 % in Spain.
Can the downward trend continue in France, whereas, according to the national Institute of the statistics and the economic surveys, the rate of saving was stabilized to 15,1 % last year?
The answer, we do not have it, because there are too many parameters which we do not control, judge Jacques de Larosière.
The evolution of the rate of saving will depend in particular on the evolution of the incomes, consumption, the real market but also of the economic policy which will be led.
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In 2004, the Minister for Finance, had pushed the households with the désépargne, by exonerating rights over a short period the donations between generations, and by allowing the anticipated releasing of the wage participation.
Today, the debate relates more to the composition of the saving of the households and the recourse to the debt.
The announced suppression, for 90 % to 95 % of the households, of the inheritancees tax death and of donation could have an important effect on the collection of life insurance, analyzes Didier Davydoff, director of the OEE, since "10 % to 20 % of the contracts of life insurance are subscribed for successional reasons.
In the same way, the promise of Nicolas Sarkozy to deduce the interests from the real loans of the assessed income could increase the debt of the households.
If it is true that it is easy to be involved in debt, it is not less easy to take some precautions of use. In more of what we previously saw (insurance, lasted...) here of other points to supervise at the time of the subscription of credit.
The total cost of the loan
Be never afraid to negotiate all the inherent expenses in your loan application, especially if your lender is the banker who manages usually your currant account:
the expenses of file can be lowered by 50 % the interest rate must be re-examined with the fall (assert last publicities which you saw)
the cost of the guarantees (prefer the intervention cheaper of a company of guarantee compared to a mortgage security)
the usual penalty of 3% of the capital remaining due (limited to one six-month period of interests) in the event of repayment before due date (even if this one is envisaged by contract, nothing prevents you from making you produce a certificate in due form, indicating that no penalty will be required of you in the event of refunding by anticipation)
It is even possible for you, to ask for the cancellation of your expenses of file or guarantee, and to propose to subscribe, for this same amount, with a contract of insurance life for example, blocked, for one minimum length of time eight years.
Do not forget either that the longer the duration of your loan is, the more the total cost is important. For example, the same loan of 100 000€ to 5% will 10 years cost you over 127 000€ and 175 000€ over 25 years.
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 Information on the rates, example
• Fixed rate during the first period of damping (12 months)
Fluctuating rate as from the 1éme month, the rate will be composed of an index of reference and a complement of rate. For the loan subjected to the L312-1 articles and following of the Code of consumption (left real)
• Nominal rate of the first period, for the real estate part: 3.5343%
• index of reference: EURIBOR 3 months average monthly (either to the 01/07/2005): 2.110%
• Complement of rate: 2.1343%
• T = index of reference + Complement of rate = 4.2453% annual interest rates (except insurance)
For the loan NOT subjected to the L312-1 articles and following of the Code of consumption (left consumption) nominal Rate of the first period, for the real estate part: 4.7449%
• index of reference: EURIBOR 3 months average monthly (either to the 01/07/2005):2.110%
• Complement of rate: 3.3449%
• T = index of reference + Complement of rate = 5.4559% annual interest rates (except insurance)
The rates of this loan such as they will come out from this contract, will vary according to the index of reference to the fall or the rise.
Mortage refinancing: It consists in gathering the whole of your appropriations in progress (loan immo, consumption, credit revolving...) in only one mortgage loan at the rate and over the duration of a real loan.
The period of refunding can spread out up to 30 years. Refinancing of loans consumption: It makes it possible to gather all your personal loans (car, work, delays of payment...) like all your reserves in only one loan over one duration which can go up to 10 years ata very interesting rate.
• Expenses to be paid ?
The study of your file of repurchase of credit is free, you have expenses to pay only only in the event of obtaining and of agreement of your share on the loan.
• expenses of file of the organization of renegotiation lender ?
• expenses of Notary if the loan is matched of a mortgage ? expenses of intermediation paid by the organization of credit at the organization of repurchase of credit for its mission.
All these expenses are included in the financing and are detailedon the preliminary offer of financing.
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Pour tous renseignements:
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