Tightening of the zero-rate loan (PTZ+): lower income ceilings and reduced loan share
The December 2012 Amending Finance Act tightens the zero-rate loan (PTZ+) for first-time buyers. The highest income ceilings are lowered (from €43,500 to €36,000 and from €26,500 to €16,500 depending on the case), the share of the price the loan can finance falls from 40% to 35%, with a possible increase up to 40% for the most energy-efficient new homes, and the total repayment period is capped at 25 years. It applies to loan offers issued from 1 January 2013.
Measure originators
No official estimate found for this measure.
Measure impact
The PTZ+ is funded through a tax credit granted to banks. According to the Government, the tightening aims to strengthen support for the lowest-income households; households in the higher income bands see the loan amount fall or lose access to it. No official estimate of the budget saving was found.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP