Right to be forgotten – Easier access to a mortgage for former cancer patients

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Five years after their recovery, former cancer and hepatitis C patients could obtain a mortgage under the same conditions as all borrowers. This provision will be extended to other chronic diseases. This is what the law provides for fairer, simpler and more transparent access to the borrower insurance market. The law also removes the medical questionnaire for loans of less than €200,000. It also establishes the termination at any time of the borrower insurance.

Published at Official newspaper from 1uh March 2022, the law for fairer, simpler and more transparent access to the borrower’s insurance market simplifies the loan conditions for the purchase of real estate for former cancer and hepatitis C patients: five years after the end of their therapeutic protocol (active treatment phase), and in the absence of a relapse, they will no longer have to declare this history of illness to their insurer. Previously this right to be forgotten was ten years, except for cancers discovered before age 21, for which it was already five years.

This new provision will allow these people to more quickly find borrower insurance rate conditions identical to those of all borrowers and thus reduce the cost of their loan. It will be extended to other chronic diseases, such as diabetes, within the framework of negotiations between the signatories of the AREAS convention (Insuring and Borrowing with an Aggravated Health Risk) which brings together the State, professional federations insurance companies and banks, patient associations and consumers. Failing agreement, this extension will be fixed by decree in Council of State no later than July 31, 2022.

On the other hand, for loans below €200,000 per insured and whose repayment term occurs before the borrower turns 60, the borrower insurance health questionnaire is removed. No medical examination of the insured can be requested by the insurer.

These measures come into force on 1uh June 2022.

Cancel and change your borrower insurance at any time, it’s possible

The law of February 28, 2022 also opens up the possibility of terminating and changing at any time borrower’s insurance, free of charge. Several texts had gradually enabled this solution to facilitate the renegotiation of insurance conditions in order to benefit from a better rate, but it was still little used by people who had taken out a mortgage.

This measure applies from 1uh June 2022 for new loans, and from 1uh September 2022 for contracts in progress on this date. Each year, insurers must inform their policyholders of this right of termination. They will also have to communicate the cost of the borrower’s insurance for eight years.

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