Increase your mortgage
Discover how to smartly increase your mortgage using your property's increased value.
Plan appointmentSmart financing for your next big step
Dutch house prices have risen significantly over the past few years. This means your home might be worth much more than your current mortgage debt. This difference is your equity (overwaarde). Instead of moving to a new place in a tight housing market, you can use this equity to upgrade your current home. Whether you want to build an extension, install solar panels, or even buy a second property, increasing your mortgage is often the cheapest way to finance it. At Hanno, we calculate exactly what is financially possible and arrange the best deal for your specific expat situation.
Why increase your mortgage with Hanno?
- Clear insight into your actual equity (overwaarde)
- We compare all Dutch banks for the lowest interest rates
- Full integration of your 30% ruling benefits
- We handle the complex Dutch paperwork and tax rules
Why moving isn't your only option
Many expats in the Netherlands eventually feel they have outgrown their first home. But with the current housing market, moving can be expensive and stressful. Fortunately, there is a very popular Dutch alternative: unlocking your equity (overwaarde) by increasing your mortgage.
Because your house has likely increased in value, banks are often willing to lend you extra money against very favorable mortgage interest rates, much lower than regular personal loans. You can use this money to finally build that dream kitchen, add a home office, or drastically lower your energy bills with a heat pump. But how you structure this extra loan is crucial. Do you use a higher registration, take out a second mortgage, or switch to a new lender altogether? And how does it affect your tax deductions? As your independent financial wingman, Hanno runs all the numbers. We figure out the most profitable route for you, so you can invest in your home with 100% peace of mind.
How to increase your mortgage in 4 steps
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1. What is your budget?
A free orientation meeting will give you clarity.
Make an appointment Bel 030 - 208 2010
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2. Your own financial mortgage plan
First we look at your situation, then at your mortgage.
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3. Choose mortgage lender
Based on your mortgage plan, we choose the best provider.
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4. Mortgage finalized and permanently in order
We arrange your construction deposit mortgage from A to Z.
Ready to upgrade your home's energy label?
make an appointmentWhy choose Hanno to increase your mortgage?
Going straight to your current bank to increase your mortgage might seem like the easiest route, but it is rarely the cheapest. Because Hanno is 100% independent, we don’t just look at what your current bank has to offer. We compare over 43 different lenders to secure the lowest interest rate and the best possible conditions for your renovation.
Our advisors specialize in helping expats navigate the Dutch financial system. We translate complex jargon into plain English, clearly explain how your bouwdepot (construction account) works, and take care of all the paperwork. Plus, we always work with transparent, fixed fees. No hidden costs, no surprises.
Frequently asked questions
Usually, you increase your mortgage by taking out an extra, 'second' mortgage part with your current bank. However, if your current interest rate is relatively high, it might be much cheaper to refinance (oversluiten) your entire mortgage to a new lender with a lower rate. At Hanno, we always calculate both options to see which one saves you the most money.
Yes, in most cases you do. The bank needs to know the current value of your home, and the estimated value after the renovation, to determine how much equity (overwaarde) you have. We can easily arrange an official, independent appraiser for you who understands the requirements of your lender.
When you increase your mortgage for a renovation, the extra money is not transferred to your personal bank account. Instead, it is placed in a blocked account called a bouwdepot. When you receive an invoice from your contractor or a receipt from a hardware store, you submit it to the bank, and they pay it directly from this account.
That is a great idea! The Dutch government strongly encourages sustainability. If you use the extra mortgage specifically for green upgrades (like solar panels, insulation, or a heat pump), you can often borrow up to €20,000 extra on top of your maximum income-based limit. You can also often benefit from special 'green' interest rate discounts.
[Additional information about making your home more sustainable]
Technically, yes, you can sometimes use your home's equity (overwaarde) for things other than renovating. This is called a 'consumptive withdrawal'. However, keep in mind that the interest you pay on this specific part of your mortgage will not be tax-deductible (no hypotheekrenteaftrek). We always advise discussing the pros and cons with one of our financial experts first.