As announced by the President of the Republic in late October, hehas just clarified the contours of the future zero-rate loan at its press conference on November 9.
The measures announced are aimed at:
- Strengthen the zero interest loan for 2016
- Extend it to the whole of France for the acquisition of old housing
With these changes, the government is aiming to distribute 120,000 PTZ in 2016.
PTZ is granted to first-time households, households that have not owned their principal residence in the last two years.
The enhanced No Interest loan for 2016
The flagship measures announced by Sylvia Pinel are intended to broaden the conditions for granting PTZ to promote home ownership.
The extension of the 2016 PTZ income ceilings
The income ceilings, which allow access to them or not, will be enhanced to allow more first-time buyers to benefit.
Thus, for a single person in zone A this ceiling will be 37000 € instead of 36000 € in 2015, in zone B1 of 30000 € instead of 26000 €, in zone B2 of 27000 € instead 24000 € and in zone C of € 24,000 instead of € 22,000.
For a couple with 2 children, the ceilings in zone A will increase to 74000 € instead of 72000 €, in zone B1 to 60000 € instead of 52000 €, in zone B2 to 54000 € instead of 48000 € and in zone C to € 48,000 instead of € 44,000 for the old version of the zero interest loan.
The 2016 zero-rate loan will finance up to 40% of the price of housing in the new and old
The quotations applied to the ceiling amounts will be recorded for each zone A, B1, B2 and C.
|Quotities of the PTZ||2016||2015|
The terms of repayment of the No Interest loan will be lengthened
The changes to the new No Interest Loan affect both the grace period (the period at the beginning of the loan during which the borrower makes no repayment) and the repayment period. zero will be lengthened
|delayed||Repayment period||Total duration||delayed||Repayment period||Total duration|
The No-Interest loan widened throughout France for the acquisition of an old home
The 2015 version of the zero-interest loan was used to finance an old property to be rehabilitated on a list of nearly 6,000 municipalities. In the 2016 finance bill, it will be open to all municipalities in France.