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Mortgage credit intermediary

Contact us for free and under no obligation

1a, route de l'Europe
L-5531 Remich

News

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11/20/2019: The granting of real estate loans under strict control

New legal framework to avoid risks when granting mortgage loans

Since the end of 2016, the European Systemic Risk Board has made the Grand Duchy aware of a possible danger.

According to the latest figures released by the Family Ministry this summer, Luxembourg had over 450 over-indebtedness files in 2018.

The new legal framework allows the CSSF, in cooperation with the Luxembourg Central Bank (BCL), the Insurance Commission (CAA) and the Systemic Risk Committee (CdRS), to require banks and financial sector professionals to adopt new guidelines for the criteria for granting real estate loans.

May 26, 2016: An important goal of the 2017 tax reform is to facilitate access to housing

For example, for taxpayers up to and including 40 years of age, the upper limit for the tax-deductible amount for building savings accounts has been doubled. It increases from € 672 to € 1,344 per year and person in the household.

The deductible amounts for the interest on loans for owner-occupied residential property have also been revised upwards.

You may find the details of the new deductible amounts on the following page

March 10, 2016: The refinancing rate of the ECB will be reduced to 0.00%

The European Central Bank (ECB) has lowered the refinancing rate again. The interest rate is reduced from 0.05% to 0.00% and thus reaches the lowest possible value. You can find more about this topic on the following page.

100% financement

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If you want to buy or build an object for your own residential use in Luxembourg, we can offer you, together with our partner banks, a loan for the entire purchase price or construction price. In this case, you only have to bear the additional costs of the project with your own funds.

Does it make sense to renegotiate your loan terms?

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The interest rates have fallen continuously in recent years. This development in market interest rates is causing many people who took out their real estate loan a few years ago to think about whether it makes sense to renegotiate its terms.