From the news archive. This article describes the situation on its original publication date. Historical amounts, rules and service descriptions are not current personal advice.
Knowing how much you can borrow: the starting point for buying a home
As financial advisers, we understand how important it is to be well prepared when looking for your dream home. One of the first steps in this exciting process is to establish your mortgage options. It is an essential and sensible place to start.
Why calculating your maximum mortgage matters:
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Realistic expectations: Establishing your maximum mortgage amount helps you set realistic expectations when looking for a home. You know what falls within your financial means.
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An efficient property search: It saves you spending time and energy on homes that are beyond your budget. You can focus your search on properties you can afford.
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A stronger negotiating position: Being well informed about your mortgage options puts you in a stronger position when negotiating with sellers. You come across as a serious buyer who knows what they want.
How do we establish your maximum mortgage amount?
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Financial information: We review your full financial position, including your income, outgoings and any debts.
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Credit position: Check your records with the Dutch credit registration agency (BKR) and any student loans, and make sure the information is accurate.
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Save towards the purchase: Having savings to contribute to the purchase can improve your terms. You will also need to pay certain costs yourself, such as the mortgage adviser, civil-law notary and valuer, and, where applicable, NHG fees and property transfer tax. Save as much as you can before starting your property search.
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Consult an expert: As financial advisers, we are here to help you understand your financial options and choose the right mortgage product for your circumstances.
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Start your search: With a clear understanding of your maximum mortgage amount, you can start looking for your dream home with confidence.
Understanding your mortgage options is a sensible part of managing your finances responsibly. We are happy to help you take this important step in your property search. It will help you proceed with a clear focus and realistic expectations, working towards a successful, worry-free purchase of your dream home. Please contact us for expert advice and guidance.
Current guidance on this topic
Additional references added on . The original news article above is unchanged.
The original article explains why it is important to understand your borrowing capacity. You can also use our calculator and our step-by-step guide to buying your first home.
Use the mortgage calculator for an indicative calculation for a home you intend to live in yourself. The calculator states which lending standards and assumptions it uses; the result is not a mortgage offer.
From setting your initial budget to completion at the civil-law notary's office, read our step-by-step guide to buying your first home.