With two permanent contracts (CDIs), you and your partner are ideally positioned to obtain a mortgage. Lenders prioritize professional stability as a key factor in loan approvals, giving stable couples a significant advantage. That said, banks examine several other critical elements to ensure long-term repayment reliability.
Banks value stability above all, which is why they prefer borrowers with permanent contracts or civil servant status over those with fixed-term roles, temporary positions, freelance work, or self-employment. The primary concern is repayment risk: lenders avoid funding applicants who might struggle with monthly payments. A poor track record can damage a borrower's credibility, so professional security is rigorously assessed.
A couple with permanent contracts embodies the ideal borrower profile. The indefinite nature of CDIs provides job security, ensuring consistent income for mortgage payments—unlike more precarious employment types.
While two CDIs are a strong foundation, crafting an impeccable loan file is essential. Banks consider multiple factors, starting with your debt-to-income ratio. By analyzing your combined income against expenses, they confirm your borrowing capacity won't strain your budget. The ratio must stay below 33%; exceeding it often leads to rejection.
Lenders also evaluate your 'rest to live'—the funds remaining after mortgage payments for daily expenses. Couples typically need €1,300 to €1,500 monthly for comfortable living. A personal contribution is another must: at least 10% of the loan amount, sourced from savings, property sales, gifts, inheritance, or family loans. Finally, maintain a spotless financial history—repeated overdrafts or payment issues are deal-breakers.
Even with favorable profiles, selecting the right lender matters. Use online loan comparators or credit brokers for optimal results.
Comparators offer free, no-obligation quotes, pitting market rates against each other. Focus on the APR to gauge the true borrowing cost.
Brokers provide personalized service: they assemble your file, negotiate rates, and offer tailored guidance to maximize approval chances and secure the best terms.
