We will detail in this article all the conditions of the loan at zero rate and allow you to check for yourself if you can benefit.
IMPORTANT : as of June 30, 2010, it will no longer be possible to obtain the doubling of the PTZ, the date to be remembered is that of the issuance of the loan offer by the bank.
Conditions of the zero-rate loan related to the condition of first-time buyer
The first condition to benefit from the zero-rate loan is related to the definition of primo accedant. But beware of the definition that is given. To qualify for the Zero Rate Loan, you must not have owned in the last two years prior to your acquisition.
Good to know : when editing your file, the bank will ask to verify that this condition is respected. you will be required to provide the formal proof that you were a tenant in the last 24 months. For this, you will need to present a copy of the lease and the receipts of the last 24 months.
Conditions related to the acquisition
To benefit from this enhanced loan, certain conditions directly concern the real estate acquisition itself. Know first that the zero rate loan can only concern the principal residence.
Reminder : The administration defines the primary residence as the place where you reside at least eight months a year.
Conditions of habitability
Old dwellings completed for more than twenty years must meet standards of habitability. In this case, you will need to provide the bank with a diagnosis made by a professional.
Terms of the zero-income-linked loan
The zero-rate loan was instituted to help people with modest incomes to access home ownership, the last of the conditions for obtaining the zero-rate loan, the household income ceiling. In order to benefit from it, your reference tax income must not exceed a certain ceiling that depends both on the number of people who make up the home and the area of acquisition.
Note : You must rely on N-2’s earnings until you receive the new tax notice. So, currently you must submit your 2009 Tax Notice on 2008 Income until September when you should receive the one regarding your 2009 income.