The loan atrate zero is an initiative of the French government going back to 1976. It makes it possible to the weak households with income to be able to acquire their first main home. The finance law for 2011 currently has just brought important changes in the granting of this free loan.
Amounts of the PTZ more
Starting from January 1st, 2011, the amounts which the State grants within the framework of the PTZ+ were re-examined upwards. In certain cases, the lent sums even doubled compared to the traditional PTZ. Thus, in zones A for the hearths of only one person, this amount passed from 80,000 euros to 156,000 euros. The PTZ+ is due thus to more taking into account the market evolution and of the prices.
Indeed, to establish this amount, the State takes into account the amount of the operation multiplied by a share. However, the granted loan is reached a maximum with half of the cost of construction and is different according to the storage area, amongst dependants and of the character old or again of the building.
The PTZ does not finance the whole of work and the field of investment is limited to the expenses of the operation made up of the expenditure of work as of the expenses of agency. The authenticated and/or banking expenses are excluded from it.
To which addresses this loan?
The PTZ+ is intended for the primoaccédants which are people who wish to acquire or build a good for the first time of a housing as main home. The character of primoaccédant is obtained when one was not real owner two years before the request for commitment of the PTZ+. In obtaining one is not conditioned by a level of income.
Like any loan application, the PTZ will have to be refunded where the duration of this refunding takes into account the level of income as well as the household structure which borrows. However, the banks which grant this kind of loan can ask for a warranty of payment. The applicant must thus be solvent all the same to secure the loan.
Once obtained, the PTZ+ is considered by the banks which can provide real estate credits like a personal capital contribution of the customer. That constitutes a significant advantage during the time of negotiation of the principal loan.
Refunding of the PTZ+
The new provisions concerning PTZ + increase the amount of the PTZ (ready withrate zero) granted, but also the duration of refunding. The income brackets to fix the period of refunding indeed were raised and pass from now on from 5 to 10 slices. These income brackets make it possible to determine the duration of refunding according to the size of the resources of each hearth.
The period of refunding can vary 5 years for the modest hearths at 30 years for the easy families. In the same way, more the duration is spread out in time, more of partial differed refundings could be granted to leave the recipient time to refund the other loans to which it subscribed. But as in the old device, one differed total cannot be activated. |
