Question 1

I am having difficulty paying my monthly premium. What can I do ?

Remy · Accepted Answer

You must contact us immediately. We will find a solution together. Don't forget that after 2 unpaid monthly payments, your lending organization will cancel your credit contract and you will be listed with the National Bank of Belgium. In this case, you will no longer be able to borrow on the credit market.

Question 2

Is it possible to take out a mortgage loan to buy a property abroad?

Remy · Accepted Answer

Yes, but on the condition that the bank can take out a mortgage on real estate located in Belgium or Luxembourg.

Question 3

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 4

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 5

What is “right of pre-emption”?

Accepted Answer

It is a right which allows a person to be preferred over other candidates for the purchase of real estate when it is put up for sale.

The beneficiary will therefore be preferred even if he makes an equal offer to the other buyers.

Question 6

How long can my mortgage loan last?

Accepted Answer

The minimum duration is set at 8 years and the maximum duration at 30 years and depends on the age of the applicant.

Question 7

What documents do I need to apply for credit?

nathalie · Accepted Answer

The identity card of each borrower in order of validity or a valid passport. If the borrower is a foreigner but resides in Belgium or Luxembourg, he/she will have to present a Luxembourg resident card or a Belgian residence card. The last 3 original salary slips of each borrower as well as the last 3 bank statements proving the collection of your salary on your bank account.

Question 8

I am unemployed, can I borrow?

Accepted Answer

In principle, if you are unemployed you cannot borrow because your unemployment benefit cannot be seized unless you have a guarantee, that is to say a person who agrees with you and who has seizable income. . In addition, if you own an investment property and have rental income, you can borrow under a mortgage loan.

I am having difficulty paying my monthly premium. What can I do ?

I am having difficulty paying my monthly premium. What can I do ?

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