In June, most of the scales received by credit brokers are still downwards, from 0.05 points to 0.30 points. On average, the observed decrease is 0.10 points. These movements mainly concern regional banks, but also a national bank! In addition, some banks also discount the rates shown, up to 0.4 points, depending on the energy performance of the property, the age of the borrowers or the level of contribution or income, that is, according to their appetite to finance this type of customer.
“Before the summer holidays, the banks are keen to offer attractive offers in order to attract new customers in a market that is smoldering without yet being particularly dynamic… These new interest rate cuts are undoubtedly also linked to the expectation of the interest rate drop from the European Central Bank on the 6th. June is good news for those who have a real estate project and can now borrow, with a good record, at interest rates close to 3.5%.rejoices Julie Bachet, director general of Vousfinancer.
“ In this context of gradual and continuous decline in rates, the ECB’s decision should have no immediate further impact on rates. These should continue their downward movement in the coming weeks, with an order of magnitude that will however depend on the number of successive ECB interest rate cuts, but also on their magnitude, two elements on which we still have little visibility…”adds Sandrine Allonier, spokesperson for Vousfinancer.
On average, it is currently possible to borrow at 3.55% over 15 years, 3.75% over 20 years and 3.95% over 25 years, but the lowest negotiated interest rates reach 3.3% over 15 years, 3, 4% over 20 years and 3.6% over 25 years. year.
Loans at subsidized rates, especially for first-time buyers, significantly reducing credit costs !
Although from now on the zero-interest loan is refocused on new properties and no longer concerns individual residential buildings, certain banks provide first-time buyers with subsidized loans of up to €30,000, at rates of 0 to 3%, provided that the amount does not exceed 10% of the principal loan. These loans are most often reserved for first-time buyers, whether or not they qualify for PTZ, or under conditions to carry out energy renovation work or buy an efficient property!
“ The purpose of these subsidized interest loans is for the banks to differentiate themselves from the competition, which is often strong in the regions, and to attract first-time buyers, customers with whom they will be able to establish a long-term relationship. We are also seeing more and more subsidized loans, depending on the DPE of the property, which also allow them to capture financing for energy efficient properties, therefore more liquid or which will become liquid thanks to the completion of the work. At a time when the banks are again actively conquering customers via real estate loans, more and more of them are offering each month forms of credit that make it possible to significantly reduce the total credit costs for borrowers who benefit from it. ! »analyzes Sandrine Allonier, spokesperson for Vousfinancer.
Some examples of interest subsidized loans (excluding PTZ doubling) are currently offered :
In Brittany
- €15,000 over 15 years at 0% for first time buyers
- €20,000 over 20 years maximum at 0% for first time buyers
In Ile-de-France
- 10% of the borrowed amount limited to EUR 30,000 at 0% for the purchase of new or old housing with a DPE A, B or C rating
In Bourgogne Franche-Comté
- 10% of the loan at 0%, within the limit of EUR 20,000 subject to the conditions of completion of the work
In the Rhône-Alpes
- 10% of the loan amount is limited to €30,000 at 2.5% over a maximum of 25 years for first-time buyers
- 10% of the loan amount limited to €30,000 at 2.5% over a maximum of 25 years for an acquisition + energy improvement works
National
- €20,000 at 0% for those under 30
- €20,000 at 0% for the purchase of a new or old home with a DPE A, B or C rating
- Up to EUR 50,000 at rates 2% lower than credit interest (ie around 1.7%) to finance energy renovation work
An example of credit financed with 4 interest subsidy loans
Young 28-year-old woman buys a new apartment in Meaux
- Amount of the operation: €205,000
- Personal contribution: €5,000
- Home equity loan: €30,000 at 1% over 25 years
- PTZ: €75,000 at 0% over 25 years
- Assisted loan number 1 (purchase of new property): €17,000 at 0% over 25 years
- Assisted loan number 2 because age < 30 years: €17,000 at 0% over 25 years
- Additional loan: €61,000 at 3.85% over 25 years
Total cost of loan : €35,000 for €200,000 borrowed in total, instead of €112,000 if she had had to borrow the full amount, i.e. €200,000, at 3.85% over 25 years. Equivalent to the total cost of a €200,000 loan at 1.30% over 25 years !
Taking out the various subsidized loans allowed him to save €77,000 on the total cost of the loan, which corresponds to a reduction in his credit interest rate of 2.55 points. But above all, without these subsidized loans, the credit would have been rejected because of the debt ratio, which would have exceeded 35%.
“ First-time buyers are sometimes unaware that, in addition to PTZ, there are other subsidized loans provided by banks, city aid or the Action Logement loan, which are a real boost to access property and reduce the cost of their credit, an asset to take in consideration in the current context. It is our role as mediators to talk to them about this assistance which can make a difference to their case files… and their budget. ! », concludes Julie Bachet.