Property credit: this interest-free loan to be requested before the end of 2022

The conditions for access to property are becoming more complicated for many households. If you can claim it, the zero-rate loan (PTZ) can give you the opportunity to realize your project. But be careful, remember to ask your bank quickly before it’s too late.

Tightening of the conditions for allocation, increase in interest rates, low wear … in the last months, all factors have combined to complicate access to credit for many households. And especially the most modest ones. Result: The number of granted property loans has fallen in recent months. According to the latest data from the Crédit Logement-CSA Observatory published this week, between August and September this figure fell by 34.7% over a year. In order to obtain financing and hope to see your property purchase project become a reality, the zero interest loan (PTZ) may be one of the solutions to consider. Provided, of course, that you are eligible for this regulated loan.

If that is the case, don’t wait too long to submit your file, with the risk of changing the financial year. In most banks, it is actually the last straight line to take advantage of a zero interest loan (PTZ) based on the income in year N-2. Due to the processing times, the majority of banks no longer have investigation files submitted after November. However, if the bank does not process your case this year and you have received a pay rise, you may no longer be eligible for this help next year.

What price for your project?

How do you know if you are eligible for PTZ in 2022?

The zero-interest loan is a regulated interest-free loan created to facilitate access to real estate, especially for low-income households. It thus requires the fulfillment of a certain number of criteria: income conditions, conditions for future housing or improvement works and, of course, being a first-time buyer. The latter can only be granted in addition to another loan (agreement loan, loan for social inclusion, classic mortgage, etc.) to buy or build a home.

Concretely, the purchased home must be intended for in order to achieve it become your primary residence and you don’t have to do not own your current home (apart from exceptions). As for your reference tax income, it must not exceed a certain amount depending on the composition of your household and the area where you buy your future property. Furthermore, the tax revenue from year N-2. If you make your request before the end of the year 2022, it is the reference tax income for 2020 that is stated on the tax statement for 2021.

What future for PTZ?

In a context of new housing crisis, if the Pôle Habitation of the French construction federation mobilizes to establish a PTZ financing up to 40% of the total cost of the real estate project throughout France, the deputies would like to limit access to the latter . Citing the “ineffectiveness of the PTZ devices to facilitate access to property”, an amendment was tabled by three Renaissance deputies removing the PTZ in zone B2 and C. This measure, which should be included in the final version of the finance law in particular. 2023 was finally ruled out. In October 2021, the minister responsible for housing announced the end of the PTZ for the end of 2022. This has since been postponed to 31 December 2023.

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