how does the Lemoine law change the situation for owners?

Barthélémy Philippe, edited by Yanis Darras

It’s a small revolution in the world of real estate insurance. Since the beginning of September, all owners can change borrower insurance thanks to the Lemoine law. The key for individuals, significant savings, as for Sébastien who saved 4,800 euros by changing his insurance.

Full card for the Lemoine law. Coming into force a month ago, this law makes it possible to change borrower insurance at any time for all borrowers, with a new or old contract. From now on, you no longer need to wait for the anniversary date of your loan to make this modification, to the delight of the owners. Many of them have thus rushed into the breach to play the competition and achieve significant savings at the end of the day. “I quickly made a comparison and I received several proposals for my last six years of mortgage. So the renegotiation of this loan insurance saves me 4,800 euros”, explains Sébastien at the microphone of Europe 1.

The owner assures him: he would never have thought of terminating the insurance of his mortgage before this law. Like him, since the start of the school year, brokers have seen an influx of customers who want to change borrower insurance to pay less. A rather impressive craze, according to Maël Bernier, spokesperson for the broker Meilleurtaux.com.

“Significant savings to be made”

“We have generally observed since this summer, because the French have taken the lead a little, an increase in requests of 20% every month compared to the previous month”, she explains, before adding: “I think that the French understood very well that there were significant savings to be made”, by changing insurance. If the momentum initiated by this law continues, it will have achieved its objective of opening up the borrower insurance market to other players and breaking the monopoly of the banks.