New housing or with a job for a cheaper loan

Posted on October 29, 2023 at 2:00 pm.Updated October 30, 2023 at 5:05 p.m.

Energy renovation is not only a question of everyday comfort and savings. It can also allow you to get a better mortgage rate, starting with the state system (but distributed by banks), a zero-rate loan or PTZ. Free and interest-free, as the name suggests, is used to partially finance the purchase of new or old housing that requires energy-saving work. It was due to expire on December 31, but will eventually be extended for three years and completely redesigned to accommodate more households. Adjusted by the banks, the contribution can represent up to 50% of the total loan amount (instead of 40%) from January 1, 2024. Of course, a number of conditions need to be met! The granting of a PTZ depends on several factors: the applicant’s resources, the location of the property, whether it is new or old, etc. First, you must not exceed a certain level of annual income (for example, less than €34,500 for one person in zone B1). It can only be granted for the purchase of a first principal residence (in the sense that you must not have owned your principal residence for at least two years). When buying an old property, the amount of work must represent at least 25% of the total cost of the financed operation and you must subsequently achieve at least energy class E on the diagnostic energy performance (DPE) scale. . And these are just the main points… Until now, PTZ has been clearly easier to obtain for the purchase of new housing: in 2022, 78% of PTZ granted (half of them by Crédit Agricole) were also used for new property, according to the balance sheets of the financing management companies *.

Bonus rates

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