Home loans: soon a new loan, at a preferential rate, for first-time buyers?

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With credit rates remaining significantly higher than 3%, first-time buyers without a personal contribution are having a hard time getting a mortgage. For them, the French Building Federation is advocating the creation of a new loan, at a rate lower than the market rate.

Since the start of the school year is usually synonymous with big resolutions, you start dreaming again of finally buying your main residence. But, as a first-time buyer, you do not have the contribution that second-time buyers benefit from when they sell their first property. However, with average mortgage rates still between 3.80% and 3.90% in August, depending on the region, according to the broker Empruntis, “the lack ofpersonal contribution blocks financing files for first-time buyers,” Olivier Salleron, president of the French Building Federation, explains to Capital.

He therefore wishes to push the future government to create a new loan, which “we could call it PTP, for preferential rate loan». The rate of this loan would in fact be “lower, for example, by 2%, than the average market rate”he explains. If the PTP existed today, its rate would be between 1.80% and 1.90%, based on an average credit rate of 3.80% to 3.90%. It is the State that would finance the difference between the PTP interest rate and the average market rate. It would therefore be a loan aided by the State, like the zero-rate loan (PTZ), and which, like the latter, would finance the purchase of a main residence, in addition to a traditional property loan. Except that, unlike the PTZ, The TPP would benefit all first-time buyerswithout any resource conditions, specifies Olivier Salleron. There is no doubt that this PTP project will be on the agenda of his meeting on Tuesday, September 3 with Slavomir Krupa, head of Société Générale and president of the French Banking Federation.

The return to a PTZ also financing the purchase of a new house?

The PTZ should also be one of their topics of discussion. Indeed, beyond the resource levels that you must not exceed, the conditions of access to the PTZ have become tougher since April 1st. First, the individual houses are no longer eligible for the PTZ since April 1st. Then, you are no longer entitled to the PTZ except to buy new housing in the zones A and B1called tense, that is to say characterized by a demand for housing significantly higher than the number of properties available. Which significantly reduces the possibilities.

The FFB is therefore advocating that all first-time buyers, subject to income conditions, can once again claim the PTZ, regardless of the zone (A, B1, B2 or C) where they are buying their new main residence. And it is also campaigning for the purchase of a detached house to once again be eligible for the PTZ. Olivier Salleron has no doubt about it, “the reestablishment of the PTZ throughout the territory and for all types of housing would contribute to rapidly relaunching the new housing market by responding to a very present demand».

The FFB will try to have its two proposals integrated by MPs, by means of amendments, into the 2025 finance billwhich the government must present each year to the Council of Ministers on the last Wednesday of September. With a powerful argument in the face of degraded public finances: each PTZ granted represents 20 to 25,000 euros of revenue for the nation, mainly thanks to the VAT on new buildings paid by buyers, according to Loïc Chapeaux, director of economic studies at the FFB.