What happens to the PTZ if the house is resold?
Verified 25 October 2024 - Directorate for Legal and Administrative Information (Prime Minister)
If you obtained a Zero Rate Loan (ZLP) and want to resell the property you purchased with this loan, you must repay the amount of principal outstanding. We'll explain.
To be able to sell (or donate) the house purchased with a PTZ: titleContent :
- You must repay the principal in full of the PTZ remaining due, at the latest when the sale (or donation) of the dwelling is registered with the property advertising services
- You must also declare the sale (or donation) of the dwelling to the bank that granted you the PTZ, as soon as the signature before notary.
If you decide to sell the property purchased using a PTZ to buy or build a new one principal residence, you can get the transferring your PTZ. But the conditions depend on when the transfer takes place:
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Less than 6 years after PTZ payment
The transfer concerns only the capital outstanding. You continue to pay back the PTZ in the same way as before, and you can use the funds to purchase or build your new principal residence. But your new principal residence must comply with the conditions for the award of the PTZ effective on the date of transfer.
Warning
The bank may refuse this transfer, in particular if it considers that your repayment capacities are insufficient.
More than 6 years after PTZ payment
The transfer concerns only the capital outstanding. You continue to pay back the PTZ in the same way as before and can use the funds to purchase or build your new principal residence.
Warning
The bank may refuse this transfer, in particular if it considers that your repayment capacities are insufficient.
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