The government plans to abolish the zero-rate loan on half of the territory next year.
On Wednesday, September 20, 2017, the government presented a housing plan in which should be removed the loan at zero rate in the context of a mortgage. This decision, which will be carried out next year, could prevent many households with modest incomes from taking out a mortgage.
The zero interest loan, what is it?
When a mortgage, and under a zero rate loan , the state is in charge of taking interest. This support comes at an annual cost of almost 800 million euros. This help is granted under different conditions (resources, families buying for the first time …). So far, the zero-rate loan has several merits because it can cover up to 40% of the loan and can be repaid 15 years after the contraction of a mortgage. This allows the modest economic agents to allow the financing of a mortgage.
The removal of the PTZ is fearing the worst
Last year, 120,000 households benefited from a zero-interest loan under a home loan. The zero-interest loan is considered a cheap loan. This device will disappear for many families both young and modest and will run in half of the territory, initially in rural areas, then in peri-urban areas. This measure could slow down the wish of the modest households to be able to contract a mortgage.
All zero- rated loans target fami
lies living in these areas, professional real estate organizations are worried about the removal of the zero-interest loan , measures that would have a bad impact, according to these organizations. For the government, the aim of zeroing is to reserve aid for areas where it is difficult to buy, and to encourage households to buy property already built. The most modest households are not convinced by this new measure. BF Banke Info on the cancellation of the zero interest loan