If you are looking for a house in the Netherlands and want advice and help with getting your mortgage application approved then you can contact me. I have extensive experience with mortgages for expats. I will let you know what you can borrow and what steps you need to take when buying a house in the Netherlands.
1. Getting to know you. Getting to know you so that I can help you with your mortgage application. I will also let you know what I can do for you and who I work with.
2. Determine your budget. Before you can start looking at houses, you need to determine your budget. Your maximum mortgage depends on your yearly gross income, any debts and how much you have in savings.
3. House hunting. Almost all available houses are found on Funda. You can also use the services of an estate agent to help you find a suitable property. Once you have found your dream house you can start negotiations with the seller.
4. Making an offer. When making an offer it is advisable to do this in writing. Also let the seller know what conditions are applicable to your offer. A common condition in the Netherlands is ‘’Voorbehoud van financiering’’. This means that if the mortgage application falls through, you can nullify the purchase contract without having to pay a penalty (usually 10% of the agreed purchase price). If your offer is accepted and you have signed the contract, you will have a three days cooling down period in which you are allowed to change your mind. After these three days, you are legally bound to the agreement..
5. Preparing your mortgage application. Contact me for an appointment to start the application process. You will need to supply documents and information required by the bank to approve your mortgage application. I will help you with the necessary documents.
6. Signing your mortgage offer. After receiving all the required documents and information, the bank will send you an offer. Once you have signed their offer you are almost done!
7. Making an appointment with a notary. The notary is the last step in buying a house. At the notary you will sign the final purchase contract and the mortgage contract and receive the keys to the property. Congratulations, you are the proud owner of a house.
Buying a house in the Netherlands as an expat. When buying a house in the Netherlands as an expat you need to keep the following rules and regulations in mind. Most banks require that you have worked and resided in the Netherlands for at least six months. You can prove this with a recent payslip and residency permit.
You will also be required to have proof of your savings for any capital that you will be using to buy a house in the Netherlands. This can be done with a bank statement from a Dutch bank. When you are not an EU citizen (or from Liechtenstein, Norway or Iceland), you will need to have a non-temporary residence permit in order to apply for a mortgage.