6. How much can I borrow on my income?
The Code of Conduct for Mortgage Loans describes how much you can borrow. In practice, this means that your maximum borrowing capacity from various lenders will be more or less the same. On our website you can make an indicative calculation of your borrowing capacity and the associated mortgages. It is advisable not to go to the limit of what you can borrow.
Your borrowing capacity is determined based on your qualifying income. Your qualifying income usually consists of the following income components:
- Gross monthly salary
- Holiday pay
- Thirteenth month’s salary
- End-of-year bonus
Any allowances or bonuses are usually excluded from your qualifying income. Depending on the type of allowance/bonus, different lenders may still offer different options. Of course we have a good understanding of these options and we are happy to help you.
Have you been earning income from your own business for at least one year? Then you can let this business income (partially) apply towards your qualifying income. One of our specialist advisers can tell you more about this.
Keep in mind that the following can reduce your maximum borrowing capacity:
- (Student) loans
- Ground leases
- Spousal maintenance
- Overdraft facilities, credit cards, credit facilities (if registered with the Credit Registration Office (BKR))