APL accession abolished = the most modest excluded from the real estate market?
Expected by the government, the abolition of the APL accession, aid granted to borrowers who become owners through a loan agreement (PC) or a Social Accession Loan (PAS), could exclude many small buyers from the market. Indeed, the latter, especially young people USDA and first time home buyers
, will no longer have the opportunity to buy, their debt ratio becoming too large. According to Sandrine Allonier, a specialist in mortgage lending, “the APL accession is one of the most effective aid because it is directly paid to the lending bank by the CAF and therefore reduces the monthly payment of credit paid by the borrower, until ‘to 50% in some cases! Considered by the banks in the financing plan, it allows households whose debt would have been too high without this help to become homeowners.APL Location: towards an increase in the number of beneficiaries?
The APL accession, which future borrowers will soon no longer enjoy, will remain in place for those who currently benefit. Revised in 2013 at the time of the zoning change and the increase of the income ceilings, this assistance, whose elimination had already been envisaged in 2015, can represent up to 25% of borrowers’ monthly loan payments. Benefiting several thousand households, APL accession is effective because it secures the bank for the duration of the credit subscribed by the borrower and adapts each year to the situation of the latter. According to many observers, with this deletion, which could force some households to remain tenants, the state is not sure of being able to save money. Households eligible for APL accession can also claim APL renting, which costs more to the state.
After a pause that lasted almost ten years, the share of homeowners increased again between 1997 and 2001. During this period, nearly 600,000 households per year acquired their principal residence, about one-third more. Than during the previous eight years. These recent buyers are for the most USDA and first time home buyers
-time homebuyers, that is to say, they used the loan to finance their operation. Among the factors that favored this recovery, the sharp drop in interest recorded during the second half of the 1990s is undoubtedly the most important. In addition to its direct impact on the amount of monthly loan payments, this decline has made the extension of loan terms more effective. Another favorable element is the renovation of the social assistance scheme, with the introduction at the end of 1995 of the zero-interest loan, open to an unlimited number of beneficiaries, and whose success was immediate. However, despite the stabilization of personal assistance scales for homeownership, after ten years of continuous erosion, the assisted accession is rather in decline; if the number of assisted buyers progresses slightly, and their relative share is decreasing significantly. Only six out of ten recent acquirers access the property of their principal residence for USDA and first time home buyers
; the others were already owners of their previous home or had been previously. The predominance of the old and the individual in all the housing acquired, already noted in the past, is more and more marked. Single-family houses are particularly popular with couples with children, USDA and first time home buyers