Real estate loan: this new banking offer allows you to obtain a great rate on one condition

Excluded Capital

Excluded Capital. The Banques Populaires and the Caisses d’Epargne are launching, this Wednesday, January 8, an offer allowing purchasers of thermal strainers to see their mortgage rate reduced if they agree to improve the DPE rating.

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Good news for future owners of homes rated E, F or G on the energy performance diagnosis (DPE), of which rental is gradually prohibited In France. THE Banques Populaires and Caisses d’Epargne (BPCE group) are launching, this Wednesday, January 8, an offer allowing purchasers of thermal strainers to benefit froma reduction of 0.10 to 0.30 point in the rate of the associated real estate loan if they undertake to carry out, within 40 months, energy renovation work to improve the DPE rating by two notches. An offer which is not reserved for people already customers of the Banques Populaires and Caisses d’Epargne and which is valid for the purchase of a primary or secondary residence as well as for a rental investment.

Strictly speaking, this is not a new mortgage loan butan option, which can be activated on most home loans offered by the two banking networks, including those recently launched for first-time buyers. “This interest rate bonus can be activated on almost all real estate loans from Banques Populaires and Caisses d’Epargne. We have chosen to integrate it into our entire range, with the exception of certain specific loans such as bridging loans, to broadly encourage individuals to undertake energy renovation work.explains to Capital Cédric Glorieux, director of “products and solutions” at Banque Populaire and Caisse d’Epargne. An optional nature which represents the main difference between this offer and the impact real estate loan launched in 2023 by The Postal Bank.

A cost of credit reduced by almost 6,000 euros

Let’s take the example of an individual who buys housing F for 170,000 euros. It provides for 30,000 euros of energy renovation work, via insulation of the property and the installation of a heat pump. To finance this acquisition and this work, the Banques Populaires or the Caisses d’Epargne granted it a real estate loan of 200,000 euros, over 25 years, at the rate of 3.45%. A year later, the work was completed and allowed the accommodation to obtain a D rating on the DPE, two notches higher than the initial rating. The customer will then see his mortgage rate lowered by 0.20 pointsat 3.25%, over the remaining term of its loan, i.e. 24 years.

This reduction of 0.20 points in the rate is the average on which Cédric Glorieux is counting, knowing that “the extent of the bonus will be decided by each establishment within the Caisses d’Epargne and Banques Populaires networks.” In this example, the customer will see the cost of his credit reduced by 5,918 euros on the remaining repayment period, indicates the manager. “A reduction of almost 6,000 euros on the cost of credit allows us to finance part of the energy renovation work, which is valued at 19,000 euros on average”he emphasizes.

A sustainable banking offer

Another advantage for the customer, the gain of two classes on the DPE reduces their energy bill from 3,450 to 1,200 euros per year, i.e. an annual saving of 2,250 euroscalculates Cédric Glorieux. Please note that the client may be supported, from the energy audit to the completion of the work, by Leroy Merlin, Cozynergy and Izi By EDF, three renovation specialists who are partners of the Banques Populaires and Caisses d’Epargne. But what happens if the energy renovation work does not allow you to gain two classes on the DPE? “If the client has not improved the DPE rating by two letters, he keeps the initial interest rate negotiated with his advisor”replies Cédric Glorieux.

This offer, which the BPCE group began to deploy in mid-December, “will be available in the vast majority of Caisses d’Epargne and Banque Populaire banks around mid-January”indicates the manager. By specifying that“This is not a one-off offer. This option is proposed in a sustainable manner because it responds to the long-term challenge of supporting the energy transition of housing in France. Housings E, F and G in fact represent nearly 31% of the private rental stockaccording to the data of the Ministry of Ecological Transition.