How much can I borrow based on my income?
The Code of Conduct for Mortgage Loans describes how much you can borrow. In practice, your maximum borrowing capacity for your first home will vary little with different lenders. With our calculation tool, you can easily calculate your maximum mortgage and the corresponding monthly costs. It is usually not a good idea to go to the limit of your maximum borrowing capacity.
Your borrowing capacity is determined based on your income for a mortgage application (toetsingsinkomen). This income usually consists of all the fixed components of your income, such as:
- Gross monthly salary
- Holiday pay
- 13th month
- Year-end bonus
Any allowances or bonuses are usually not included in the calculation of your income. Depending on the type of allowance or bonus, there may still be options (depending on the lender). Of course, we have a good understanding of this and are happy to advise you.
Have you earned at least 1 year’s income as an entrepreneur? Then you can also (partially) include this business income too. Our specialized advisers can tell you more about this.