1. Expats can buy property in the Netherlands
As a start: yes, you can buy property in the Netherlands, depending on your residence status. There might be different requirements per mortgage provider regarding your residence permit, however.
In this article, we will provide an overview of the rules that apply to a few specific situations and residence permits.
2. Interest rates are non-negotiable
All potential customers are given identical options for the same mortgage product. It is prohibited by law to negotiate on the interest rate of your mortgage product, and mortgage providers cannot differentiate on the conditions of your mortgage based on your personal situation (such as income or residence status).
It also makes no difference whether you are receiving advice from an independent mortgage advisor or directly from a provider: the interest rates are set and non-negotiable.
In some cases, you might receive a so-called interest discount: for example when you open an account at the bank of your choice, or if your energy label has a high energy efficiency rating.
3. You pay a separate advice fee
As a consumer, you always pay a fee for your mortgage advice, whether you obtain it from an independent advisor or directly from a bank. This fee is not included in a product margin. When you get advice from an independent mortgage advisor, you don’t have to pay a second separate advice fee to the bank.
The upside is that this advice fee is tax-deductible.
4. Dutch rules on lending amounts are set
The amount you can borrow is not mortgage provider-dependent. The Dutch government decides the maximum amount you can borrow based on income and collateral. The maximum mortgage value can be up to 100% of the buying price, although you can borrow up to 106% if you are planning on making the house more sustainable.
Note that mortgage providers can maintain different rules on which kind of income they can take into account (for example bonuses), and how much mortgage they can provide to customers with different residence permits.
In this article, we explain the 5 most important factors in determining your maximum loan. Use our calculation tool to easily calculate your maximum mortgage and the corresponding monthly expenses so that you can start your search for the perfect home in your specific price range.
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