This Monday, September 23, real estate developer Nexity is launching an interest-free loan of up to 50,000 euros. An offer aimed at first-time buyers purchasing a new home.
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New new boost for first-time buyers. The Nexity group, France’s leading real estate developer, announced on Monday, September 23 the launch of a zero-rate loan (PTZ) of up to 50,000 euros for the purchase of a new home, with no income ceiling. This new offer, proposed in partnership with the LCL bank, is reserved for first-time buyers who purchase a new property from Nexity.Our goal is to bring first-time buyers back into the market, we want to open the door for themannounced Véronique Bédague, CEO of Nexity, this Monday morning on France Inter. This zero-rate loan could be considered as a personal contribution by banks, which will facilitate the acceptance of their real estate credit applications.“.
In detail, this zero-rate loan offer, called “Prêt nexity crescendo”, concerns 183 Nexity programs and approximately 2,200 new homes, located throughout the territory. Note that this loan can be combined with the State’s PTZ, which can reach up to 180,000 euros for new homes and 132,000 euros for old homes, depending on the number of people in the household and the location of the real estate project.
A 1% loan by combining offers
In addition, this Nexity crescendo loan can be combined with the young workers loan, offered by LCL bank. This offer, available until December 31, 2024, and reserved for those under 30, can allow young workers to obtain a loan of 20,000 euros at a rate of 0%.The combination of all these measures can allow first-time buyers to find average financing rates (APR) close to 1%, while reducing their monthly payments, their cost of credit, and their debt ratio.“, Nexity said in a press release.
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Nexity is not the only real estate player trying to attract first-time buyers, as several banks, like developers, are making more and more efforts to attract young workers. For example, Caisse d’Epargne offers some of its clients a zero-rate loan over 25 years, reserved for first-time buyerswhich can reach up to 75,000 euros. An offer that aims to help borrowers who do not have a personal contribution to obtain a mortgage. Caisse d’Epargne has also launched its first-time youth loan, a zero-rate loan reserved for those under 35 with a maximum amount of 20,000 euros. Crédit Agricole or the Crédit Mutuel also offers commercial offers which allow young workers to obtain loans at preferential rates, at rates lower than those of the market. Always in order to try to attract first-time buyers.
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