Independent advice for your expat mortgage
Independent advice for your expat mortgage
We're finding the best mortgage solutions for expats in the Netherlands for a price starting from €1.495.
Why get a mortgage advice from Hanno?
Hanno compares more than 25 mortgage lenders
Given by experienced mortgage brokers
What do you get?
Interested in buying a house? Then we advice you to discuss your mortgage options with our skilled mortgage brokers in a free consultation, without obligation. After the consultation you'll know exactly:
- which amount you can borrow for a mortgage
- your gross and net monthly mortgage cost
- how to win a bidding war and buy a house
- how to fix your expat mortgage in the Netherlands
5 steps to your expat mortgage
1. First introduction on the phone
You'll get a first impression of your mortgage opportunities. Together we can instantly make a rough estimate of your budget for buying a house.
2. Share your documents
Upload the documents we need to prepare your free consultation. Like a salary specification or your income history when you're self-employed.
3. Free consultation with mortgage broker
You'll discuss your financial situation and opportunities with your mortgage broker. After this you can act quickly when you'll find the perfect house.
4. Your mortgage advice and application
After your offer on a house gets accepted, we'll move on to your mortgage advice. Together we'll find the perfect mortgage solution for your situation.
5. Mortgage secured, to the notary!
We prepare your application and secure your mortgage at the lender. Then you're ready to go to the notary and signs the deeds. Congrats, the house is yours!
Happy mortgage customers
"Highly recommended when your’e in need of a good expat mortgage for a reasonable price."
"Our advisor Bram was very helpful and responsive and fixed everything for us. So happy we could finally buy a house."
"Hanno helped me get a mortgage for my house. I didn’t expect getting a Dutch mortgage would be so easy. Thanks a lot guys."
"Our mortgage advisor Jan-Hein did a fantastic job getting us a mortgage. He was patient, transparent and got our mortgage approved in a week. Great job!"
Why we'll find you the best expat mortgage
1. Personal mortgage advice
Most expats think that getting a mortgage in the Netherlands is very hard. But there's more possible than you think! Our mortgage brokers will take their time to take a close look at your personal situation and will come up with a tailor-made mortgage plan.
2. 100% independent
We work completely independent and compare every lender that provides mortgages for expats in the Netherlands. That are more than 25 lenders. This way we are sure to find the best mortgage for your situation, based on your personal mortgage plan.
3. Good advice, affordable fees
We secure the best Dutch mortgage for you for a competitive fee starting from €1.495. Most mortgage brokers charge higher prices. That's because we use advanced technology for your mortgage application and don't waste time on administration.
When you apply for an expat mortgage in the Netherlands, you apply for the same mortgage as Dutch natives. There is no such thing as an expat mortgage with special conditions.
However, as an expat there are a few extra conditions you might have to meet:
- You need to have a BSN (citizen service number) and a resident permit when you’re not a EU/EEA citizen
- You have lived in the Netherlands for some time (six months up to five years)
- You are employed or self-employed and are financially independent
- You need to pay a deposit
- Your maximum mortgage is not 100 percent of the property value, but 90 percent or less
- You have to prove that your residence permit can be extended
Which conditions apply to you depend on your personal situation. When you are from outside the EU lenders might have stricter requirements. Ask your Hanno mortgage broker which conditions you have to satisfy
In general you can get an expat mortgage when you arrive in the Netherlands. However, some banks require that you have lived here at least six months or even five years. This depends amongst other things on your citizenship, work situation and savings.
It is more difficult to receive a mortgage as a self-employed expat, but it is possible. You will need to show at least two or three years of income history. We use this to calculate your mortgage:
- Are your profits increasing? Then we will take the average of your net profit of the last years.
- Are your profits decreasing? Then the lower figure will count for your mortgage calculation.
The longer you have worked independently, the better. That increases your chances of getting a mortgage and the amount you are allowed to borrow. But it is already possible to get an expat mortgage when you have been self-employed for at least 12 months.
The amount you are allowed to borrow is determined by your gross income and the market value of the property:
- Income: in general you can borrow around 4 to 5,5 times the amount of your annual gross income.
- Property's value: you are allowed to finance up to 100 percent of a property's market value. For example, if you buy a house for 300.000 euros, you can get a maximum mortgage for 300.000 euros.
There are, however, two ways to increase your maximum mortgage:
- Sustainability: if you want to invest in home sustainability or buy a house that's already energy-efficient, you can borrow up to 106 percent of the property's market value. You can invest this extra money to buy a solar water heater, install a high efficiency boiler, improve insulation of walls and floors or take other measures to reduce energy consumption in the house.
- Funds for renovation: you can include funds for renovation, for instance to build an extension or renovate your kitchen. Yet your budget for renovation depends, like the normal part of your mortgage, on the market value of the property after renovations (with a maximum of 100 percent).
There are a few things that might affect your ability to get a mortgage or limit your maximum mortgage:
- Your nationality: when you have an EU passport, it's relatively easy to receive a mortgage as an expat. But when you are from outside the EU, you will have to meet more or stricter conditions and you might not be able to finance a mortgage up to the limit of 100 percent.
- Income situation: the type of contract you have affects your mortgage. Mortgage lenders calculate the maximum mortgage differently for employers who have variable working hours, a 0 hour contract, work via an employment agency or payroll company, have a business income or are self-employed.
- Income from outside the Netherlands: it will affect your mortgage possibilities when your employer is not located in the Netherlands, especially when you don't receive your income in euros. An income in a different currency will be converted to euros with a lower converted value for your mortgage. And because you don't pay taxes in Holland, you are not eligible for interest tax deduction.
- Loans: students loans and other loans will lower your maximum mortgage. It will probably still be possible to get a mortgage, but lenders will take your loans into account.
- Leasing a car: mortgage lenders count your lease as a loan. Therefore leasing a car has a substantial impact on your maximum mortgage.
- 30% rule: as an expat you might be eligible for the 30% percent rule. This can have a positive effect on your maximum mortgage!
What you can borrow from a mortgage lender depends on your personal situation. Ask your Hanno advisor to make you a tailor-made mortgage calculation.
- Annuity mortgage: with this type of mortgage you pay the same gross amount every month as long as you have fixed the interest on the loan. This amount consists of interest and loan repayment and the ratio changes over time. Initially you pay a great deal of interest and a small deal of loan. In time the amount of loan you repay increases and the amount of interest decreases. Because of the tax-deduction on your mortgage interest your monthly net payment keeps increasing until the end of your mortgage term. Simple put: an annuity mortgage is cheaper the first years, but in total it is more expensive than a lineair mortgage.
- Lineair mortgage: with a lineair mortgage you repay the same amount of loan every month. Because your loan is getting smaller, the interest you have to pay reduces steadily. This also means that the tax-deductable interest redues during the term. The monthly payments (interest + loan repay) of a lineair mortgage are higher in the beginning, but in total this mortgage type is less expensive.
If you receive 30 percent of your salary tax-free this might positively effect your maximum mortgage, but it is not a standard advantage. Let us explain that to you.
As an expat who makes use of the 30% ruling you have a higher net income. Yet Dutch mortgage providers calculate your mortgage based on your gross income. This means that the 30% ruling doesn't give you an advantage when requesting a mortgage.
However, some mortgage lenders are willing to give expats on the 30% ruling a higher mortgage than the basic Dutch mortgage rules allow. How much more depends on your gross annual income and the remainder of your 30% ruling, since you will have to pay of the extra amount during the period that the 30% ruling applies to you.
Hanno works with more than 25 mortgage lenders and finds you the best mortgage based on interest rates and conditions. On our website you can find an overview of the current Dutch mortgages interest rates.
Please note that the interest rate of your mortgage depends on several things:
- Fixed period
- Mortgage product
- Mortgage form (f.e. annuity or lineair)
There are a lot of documents you have to share to get a mortgage in the Netherlands, depending on your personal situation and mortgage lender. You will have to show at least the following documents:
- Salary slip
- Contract of employment
- Income history of the last years (if you are self-employed)
- Copy of your passport
- Copy of your residence permit (if applicable)
- Confirmation letter regarding 30% ruling (if applicable)
- Overview of your assets, credits/loans, and extra income.
Tax-deductible mortgage interest is tax relief for homeowners. When you have an annuity or lineair mortgage and live in your own property, you are eligible for tax relief on your mortgage interest. This means you don't have to pay income taxes over the amount of mortgage interest you pay. As a result your taxable income decreases and you pay less income tax on your annual tax returns. How much tax reduction you get depends on your income level and tax bracket. You can find more information about taxes on the website of the Government.
NHG helps you get an affordable and responsible mortgage. It will help you out if you get into (financial) trouble beyond your control, and are unable to pay your mortgage costs. For example if you lose your job or when your relationships ends and you have to sell your house for less than you owe your mortgage company.
If you have an NHG mortgage, you are sure that the mortgage matches your income. To apply for an NHG mortgage you have to meet their conditions.