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For the Minister of the Economy, this measure will “reduce the costs” of loan insurance.
The Minister of the Economy, Bruno Le Maire, said to himself “favorable” to a bill, brought by the deputy Agir Patricia Lemoine and the deputy MoDem Olivier Becht, aimed at allowing all borrowers to terminate their mortgage insurance at any time, in order, in particular, to find less expensive elsewhere. “It is a fair proposal that protects the purchasing power of the French”, estimates Bruno Le Maire on franceinfo Wednesday, November 24, because by making play the competition, on a financial product “where it is missing”, it will allow “lower the costs” borrower insurance.
Currently, it can only be renegotiated once a year. If the bill is adopted, its authors believe that borrowers could realize “an average potential saving ranging from 5,000 to 15,000 euros, depending on the terms of the loan covered, over the entire term of the loan”. The Minister of the Economy ensures that the public authorities “will do enough publicity” from borrowers “so that the law is known”, in the event that it is adopted by Parliament.
“It is a matter of fundamental justice. There is nothing more unfair than illness”, declared the Minister of the Economy who said to himself “favorable to the opening of work with insurance banks, on the discriminants of access to creditor insurance”. People with and having been affected by serious illnesses, such as cancer, often have difficulty insuring against death, illness or disability, and therefore ultimately obtaining a mortgage, even several years after their retirement. remission.
The minister wishes “shorten the period of the right to be forgotten” for these people. On this subject, the government however opposed the adoption by the Senate, on November 20, of an amendment aimed at creating new borrower insurance contracts without “medical selection”.