Checklist

The buy of a house is nearly always coupled with the closing of a mortgage. That is for most people no everyday fare. Below you see the most important aspects of a mortgage.

What amount is possible for me?
What amount can you invest your self?
What is the highest price I can pay for a house?
What will be my monthly costs?
Please keep this also in mind

What amount is possible for me?

That depends of your income, your editions patron, the interest, the value of the house and of existing financial obligations. The bank will take your future housing costs and loans in account. You can never borrow more then a particular percentage from your gross income. This differs but this percentage will in the rule be around 25% of your gross income. By the definition of the height of the income, we cane keep account with a part of the income of the partner. The amount you want to borrow will never be more than 80 % of the evaluated execution value, or 100% of the foundations expense by new development. The execution value is the estimated value that the house presumably will bring in by possible forced sale on an auction. For existing houses is the execution value is usually lower than the buying price. Keep always in mind that you have to finance a part of the house your self. A mortgage counselor can calculate your possibilities.

What amount can you invest your self

To buy a house, you need in principle a proper sum of own money. Money for your removal, the design and the tidying up of the house or the embellishing of the house. These expenses can run up to 10 % of the asking price of the house. We advise you always to keep money behind as a financial reserve. This can mean that you completely finance the house with a mortgage. However do not borrow more than your income and editions patron does allow. Do you decide to take a mortgage based on a life insurance, it can be attractive to pay own money into an extra premium of the life insurance that is connected on your mortgage.

What is the highest price I can pay for a house?

The mortgage sum together with your own money will be your total available financial means. The buying price of the house has to be below it, because you also have to pay additional expense (an average 10% over the buying price of an existing house). Divide your total quantity means through 1.1 and you have an indication of the maximum price you can pay.

What will be my monthly costs?

Mortgage counselors often take in account the net mortgage burdens. As an owner, you however have more expenses, like maintenance expense and insurances premiums. Take no decision before all your expenses are clear to you.

Please keep this also in mind

The naming of so-called ‘dissolving conditions' as soon as you to gives notice of buying a house.
Always save copies of all forms that you have filled in
Do request a temporary death risk-insurance to prevent that the surviving relatives have to buy as you unexpected pass away before the transport date.
Do request a construction all risk insurance by new development and a house insurance
Do make an appointment at the notary and verify the draft deeds (properties and mortgage deed) a number of days before your appointment with the notary
Make a request of a temporary restitution by the Belasting dienst (tax form)