The zero rate loan (PTZ) is an advantageous financing for the subscribers of a mortgage. Additional financing to the principal loan eligible for first-time buyers. But also, one of the conditions for obtaining the new zero rate loan is the household's reference tax income. Discover our focus on the new PTZ revisited for this year 2018!
What use is the zero rate loan?
The zero rate loan represents part of a mortgage with the object of funds the purchase of a main residence. In other words, as mentioned in the introduction, it is an additional financing to the main home loan.
It is characterized by a prior financing offer dissociated by a different contract number from the main loan. The part of a mortgage financed by the zero rate loan is at an interest rate of 0%. The zero rate loan has the utility of lowering the total cost of the borrowed money. Borrowers only repay the borrowed capital.
PTZ is useful in the following cases :
- The purchase of real estate in the new
- Home ownership in the old with work to be done representing a minimum of 25% of the amount financed.
- The purchase of an uninhabitable or commercial building in order to transform it into a residential property.
But also the zero-rate loan has the possibility of being paradoxically linked to the financing of a construction or an annex acquisition (parking space, etc.). Also any person renting social housing can also claim to benefit from the PTZ for the acquisition of his home. However, there are conditions to be respected and the operation is set up at work by the social landlord of the tenant.
What are the advantages of PTZ in 2018?
First of all, the zero percent rate loan is in effect until the end of the year two thousand and twenty-one. The advantage for the government is that the PTZ favors the settlement of areas of disproportionate number of inhabitants for the proper functioning of the country's economy.
For individuals, the new Zero + rate loan is the advantage of financing part of their housing at cost price. However, the amount obtained differs depending on the geographical area in which the property is located. One of the advantages of PTZ is that there are no administrative fees charged to the subscriber (s).
An operation adapted to the repayment capacity of the borrowers. Through smoothing allowing debtors to amortize the principal and interest on the principal loan. Then comes the amortization of the zero rate loan. This without having to increase the monthly mortgage payment! As a result, budget management is controlled .