REDEMPTION OF CREDITS: DOCUMENTS TO PROVIDE
The credit buy-back market is very competitive and it is an advantage to exploit. You can thus take advantage of the very low current rates to put banks and lenders in competition with each other in order to obtain the most advantageous conditions for your loan repurchase. Whichever solution is found, you will have to provide certain specific documents in order to implement the procedure.
Firstly, during the feasibility study phase, the credit buy-back specialists require no more than copies of the various elements essential for establishing the file. However, when the repurchase of credits is theoretically accepted by the establishment, several original documents will have to be produced to start the constitution of the preliminary offer of repurchase of credits.
Proof of your identity
You must provide a photocopy of the identity documents (front / back), a photocopy of your family book and, if applicable, the marriage contract. In case of separation, the claimant will add a photocopy of the final court decision. You will also have to attach documents proving your place of residence, such as telephone or EDF / GDF invoices dating from less than three months.
Proof of income
These documents, which prove your income, differ according to your situation. Thus, the retired credit buy-back applicant will for example have to provide their last pension slip. When you are employed, you must produce the last three pay stubs as well as the pay stub for the last month of December to prove your year-end bonuses. You will also have to attach an employment contract or, failing this, a certificate from your director guaranteeing a permanent contract and the length of your recruitment. Finally, you will need to add your last two tax notices and, if you receive assistance, proof of the family allowance fund.
In addition, if the borrower is on parental leave, certification by the employer guaranteeing the day of resumption of work will be required, as well as an attestation on honor from the subscriber attesting the date scheduled for resumption work. What are the expectations for a self-employed subscriber? If you are a company manager, craftsman, trader or professional, you will have to justify your income by producing your last three tax notices together with the last three controlled declarations 2035.
Finally, when the subscriber is the beneficiary of rents, he must also provide the 2044 declaration of property income, as well as the rental contract for all of his leased property, the last three corresponding receipts, and the original of the property tax for each of rental properties.
Bank documents and supporting documents for loans
the bank documents to be provided are the last three statements for all of the borrower’s accounts, without forgetting the savings or professional accounts. The indebted person must also attach a statement of bank identity. In addition, you will have to provide the documents justifying the loans necessary to carry out a loan buy-back, namely, loan offers and amortization schedules for your personal credits and credit offers (general and specific conditions) and amortization schedules for your home loans . In the case of revolving loans, the borrower will also have to provide his latest statements of accounts and payment cards.Finally, homeowner borrowers must produce their full property titles, the corresponding property taxes, and also a certificate of home insurance, a certificate of the value of the property.