Difficult beginnings for the rechargeable mortgage
A statement in the spring of 2004 by Nicolas Sarkozy, then Minister of Economy and Finance, to revive consumption, the rechargeable mortgage is just beginning to materialize. Since the end of September, three banks, the Crédit Foncier, the UCB and the Savings Bank of Auvergne and Limousin, offer this mortgage secured by a mortgage taken…