Q: Who can apply for a mortgage loan?

Any person residing in Belgium or Luxembourg , whatever their professional situation (employee, employee, liberal profession, self-employed, etc.) can apply for a loan / mortgage credit from European Popular Credit .

Question 1

Who can apply for a mortgage loan?

Accepted Answer

Any person residing in Belgium or Luxembourg, whatever their professional situation (employee, employee, liberal profession, self-employed, etc.) can apply for a loan / mortgage credit from European Popular Credit.

Question 2

What is the most interesting formula for taking out a mortgage loan?

Accepted Answer

We must analyze each situation on a case-by-case basis. When interest rates are very low, it may be interesting to conclude a contract with a fixed rate. When the rates are high, it is then advisable to conclude a variable rate contract. In all cases, our advisors study each case in a specific way to find the formula best suited to your situation.

Question 3

Do I have to come to your offices to apply for credit?

adeline · Accepted Answer

The vast majority of credit requests are made by telephone. However, when your request is accepted, you will need to make an appointment with one of our advisors who will examine your supporting documents and give you the credit contract for signature.

Question 4

How does the credit application procedure work? Do I need to make an appointment to apply for credit?

Remy · Accepted Answer

In general, credit requests are taken by our advisors over the telephone. We then submit the file to one of our financial partners who gives us a response within 24 hours. If your application is accepted, we will schedule an appointment for you at one of our agencies so that you can sign your credit contract.

Question 5

What are “conditions precedent”?

Accepted Answer

These are clauses indicated in the sales agreement which condition the birth of the legal effects of the loan / mortgage credit contract on the fulfillment of one or more conditions stipulated concretely in the notarial deed. The condition being in this case obtaining the agreement of the bank. It is therefore above all a protection for the future buyer in the event that his credit request is refused by the banking organization.

Thus, when you sign your sales agreement, it will be subject to the suspensive condition that you obtain your loan/mortgage credit within the time limit set when signing the sales agreement before the notary or with the real estate agency.

Concretely, this means that if you do not obtain your loan / mortgage credit within the agreed deadline, it is void (cancelled) unless you obtain an extension of the deadline to obtain your loan / mortgage credit.

In this case, things are returned to their original state and each party to the sales agreement is released from their obligations. The seller could thus agree to sell his property to another candidate buyer who would sign a new notarized sales agreement.

At Crédit Populaire Européen, we are committed to giving you a quick response so that you can notify the seller as quickly as possible.

Question 6

My credit application was denied. How long do I have to wait to submit a new application?

nathalie · Accepted Answer

My credit application was denied. How long do I have to wait to submit a new application?

Question 7

What are the consequences of being registered with the National Bank of Belgium?

A H · Accepted Answer

You can no longer borrow on the credit market. In order to have your file cancelled, you must repay the outstanding amounts and then wait 15 months for the file to be cancelled by the National Bank of Belgium.

Question 8

What is “offer to purchase”?

Accepted Answer

This is the unilateral commitment of a person to acquire property under certain conditions. The offer does not bind its recipient as such unless they expressly agree to it. In this case, the sales contract is formed.

Who can apply for a mortgage loan?

Who can apply for a mortgage loan?

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