Notaries and newbuilds
Have you opted for a newbuild home? In some cases, you may not choose a notary yourself but are instead allocated a so-called project notary. A project notary knows everything about ‘your’ newbuild project, so that your notarial affairs can run as smoothly as possible.
Below you can find a guide to the notary fees you can expect in most cases.
1. Deed of conveyance: € 500 – € 1,000
The deed of conveyance is the document that officially denotes completion of the transfer of the property into your name. The deed of conveyance includes the conditions stipulated in the contract of sale.
If you purchase an existing property, you are often faced with costs payable by the buyer. This means you need to foot the bill for the deed of conveyance, amongst others things. In the case of newbuilds, the vendor pays for the deed of conveyance.
2. Mortgage deed: € 500 – € 1,000
The mortgage deed denotes that the lender’s mortgage offer has been officially signed. The home of which you have just become the owner is thus subject to a mortgage. From this moment, the buyer will therefore have a mortgage in their name. This document also formalises the fact that the property serves as collateral for the lender until the loan has been paid off. This means the lender may sell the property if you default on your loan.
3. Cohabitation agreement (if required): € 200 – € 600
Are you taking out the mortgage in your name as well as your partner’s? Then it is useful to have a cohabitation agreement drawn up (if you are not already married or in a registered partnership). The notary does this for you too. Have them advise you on the contents of the cohabitation agreement and any will(s).
You usually have to make a separate appointment with the notary to establish everything that needs to appear in the cohabitation agreement. For example, division of possessions and costs. The notary will prepare the definitive cohabitation agreement based on this conversation. You will often sign this at the same time as the mortgage deed and deed of conveyance.
4. Costs for entry in the land register: € 77 – € 126
Transfer of the property is only complete once the notary has registered a copy of the deed of conveyance and the mortgage deed with the land registry and public registers. You therefore pay your notary for this service too. Check in advance whether these costs are included in the price or whether the costs are additional.