Expat Mortgage

Bouvy Advies: The independent and personal mortgage agency

Expat mortgage by Bouvy

Bouvy brings

the best interest rates and terms

expert knowledge in plain language

independent and personal

a smooth process

What is expat mortgage

What is an expat mortgage?

Let’s talk ‘hypotheek’. An ‘Expat hypotheek’ is a Dutch mortgage for expats. Buying a house in the Netherlands has many advantages over renting—good call. Buying property often goes hand in hand with getting a Dutch mortgage; like any other, it’s a loan taken out to buy a property. However, for an expat, additional rules apply. An expat mortgage is an option if you regularly stay in the Netherlands (Pied à Terre), if you are moving (back) to the Netherlands in the short term or if you want to rent out a purchased property (let to buy).

To put it plainly: for expats, there are fewer providers and more conditions to meet. There are simpler things in life, but there are certainly possibilities. Banks were hesitant in the past, but more and more mortgage lenders are willing to loan to internationals—we’re here to help.

Which criteria apply for a Dutch mortgage?

Yes, you have to live in the Netherlands to get a Dutch mortgage. Also, banks want certainty that you will reside in the Netherlands for some time; this requirement varies from 6 months to 5 years. It’s easier for EU-nationals than other foreign buyers to get a mortgage. The latter need to have a non-temporary residence permit. Permanent contracts are good, but getting a mortgage with a temporary contract is still possible . Entrepreneurs are more than welcome too but must show their financials for a number of previous years. Furthermore, the loan limit in relation to the value of the property is critically assessed. This amount is not favorable for expats from outside the EU.

There are also some rules from which expats benefit. If you have been hired for a specific position and your specialty is scarce in the Netherlands, you may be eligible for the 30% ruling. You receive a 30% tax reduction on your gross salary; this simply means there’s more to loan.

As you can see, some expert advice will come in handy. Don’t hesitate to contact us and we’ll guide you through all the rules and regulations.

what-is-my-mortgage-limit

How to determine my mortgage limit?

Knowing your financial situation is your starting point. Let’s start by figuring out how much you can borrow. Knowing your mortgage limit beforehand makes house hunting more efficient and prevents disappointment. It’s not that simple.

There are different factors that determine your mortgage limit:

  • Income

The initial factor in calculating your maximum loan amount is gross income. This means calculating your ‘loan to income ratio’; it comes down to the balance between the loan and your gross income.

  • 30% ruling

If you’re eligible for this ruling, you receive a 30% tax reduction on your gross salary. We may temporarily use this increased income to increase the maximum borrowing capacity. To calculate your debt ratio, multiply your gross income, including holiday pay and other income sources, by 1.12. All is welcome to higher the amount to loan as providers only calculate with 90% of you income. Klopt dit voor expats? It’s important to include all sources of income to raise your potential loan amount as providers base their lending practices on only 90% of your income.

  • Mortgage rate

Interest rates fluctuate. You can fix your interest rate for a specific period, or you can opt for a variable interest rate—the shorter the term, the lower the maximum mortgage.

  • Property value

The balance between the mortgage, the amount of your investment and the value of the property is also of influence. This is called ‘loan-to-value’. The more money you bring to the table, the more comfortable lenders are about lending to you. The maximum amount that providers are willing to finance is 80-85% of the value of the property, depending on a few conditions.

  • Financial obligations (debt, credits, contracts etc.)

Your monthly expenses influence the portion of your income available for making mortgage payments. Make sure your monthly expenditures are as low as possible.
This calculation tool gives you an indication of what your loan limit is.

Contact Bouvy Advies

As knowing your financials is key, contact us for help calculating the maximum loan amount for which you qualify. Bouvy Advies is expert in personal and professional advice. We can provide a mortgage to any expat regardless of nationality and region.

5 steps to your mortgage and property

Before you start house hunting, it’s important to determine your budget. Start by assessing whether you meet the requirements for a Dutch mortgage. Despite the many rules and regulations that apply to expats, it is certainly possible. If so, there are different factors that define your mortgage limit, including your income, whether you are eligible for the 30% ruling or not, mortgage rates, the value of the property and other financial obligations.

Thinking about buying a house in the Netherlands? Just got relocated or moved (back) to the Netherlands? When you start thinking about buying a house, it’s important to get a feel for the housing market. Educate yourself, explore, and take your time. What does Holland have to offer? In what direction are home prices moving? Is now the right time to jump into the Dutch housing market? House or an apartment, city or suburb, what does your money get you? Especially when not familiar with the local market, our best advice is to consult a local real estate agent who has the answers to all these questions and points out all the things you need to know. With contacts all over the Netherlands, we are happy to connect you with a reliable real estate agent.

Found your dream home and ready to make an offer? You already know your mortgage limit as defined with your mortgage advisor, so now you need to determine—together with your real estate agent—the amount you’re comfortable with spending on a particular property and to get an appraisal. This can be below or over the asking price, and you’ll want to decide based on these factors. This can go back and forth a few times before you reach an agreement with the vendors/their real estate agent. As your personal finance and mortgage advisor, we are available if you need any additional information or recalculations. We’re also alongside you to do a little “happy dance” when your bid is accepted, and you sign the preliminary purchase agreement.

When all is signed, it’s time to seal the deal. To start the official mortgage application is where we come in again. As an independent mortgage broker, we will advise you on the type of mortgage which will best suit your financial situation, personal preferences and future plans. We will also find the best provider accordingly. We compare over 40 providers to do so and again—we only think in your best interest. We offer full service during this process which many of our clients have praised as the process requires a lot of paperwork and time (4 to 6 weeks normally). We’ll take all of this off of your hands, and you’ll receive real-time information on the status.

Delivery time! Preliminary purchase agreement signed at the notary’s office and sent to your mortgage broker, check. You may also be required to pay a deposit to the notary within a few weeks of signing. This is also something we can and will arrange for you. When all documents and the mortgage are finalised the transfer of ownership takes place at the civil law notary’s office and signed by the seller, the buyer and the notary. The transfer then becomes official, and you receive the keys to your new home. Now, you may proudly call yourself a homeowner in the Netherlands. We like the sound of that as much as a wine cork popping.

Ready to take the first step?
Without any obligation, schedule a call or an appointment at our office in Blaricum.

Bouvy Advies: full service expat mortgage agency

The process of buying a house can be quite daunting due to the number of rules and regulations that apply. That is the case for both Dutchies and for those who move to the Netherlands for work. Fortunately, there are many possibilities and options from which to choose. An independent mortgage adviser, who advises you transparently and efficiently about the entire process is, therefore, recommended. Aside from the expert knowledge an advisor brings to the table, what’s not to like about someone who takes everything in the entire process off your hands. So this is where Bouvy comes in.

Financial Advice

Independent advice is important when it comes to comparing lenders. We compare rates and conditions from over 40 providers to offer you the best quotes for your financial situation and personal preferences. We do not receive any commission from banks. We only act in your best interest. As financial advisors, we think further in terms of building capital when in the Netherlands. We anticipate, think out-of-the-box and dare to be bold. We help you make the right choices for the future.

Mortgage & insurance

As your personal advisor, we take care of the whole process. As financial advisors, we offer information on all relevant financial products. This is advantageous in terms of efficiency, conditions and rates. There are several insurance policies to consider that we can help you with:

  • Life insurance 
  • Income protection: unemployment insurance, critical illness insurance
  • Household insurance/home insurance: buildings and contents
  • Liability insurance

Contact us and discover our full service and package deals. 

The best expat mortgage agency

We have over ten years of experience with top business professionals

Thijs Bouvy

AFM Mortgage advisor

Helping you to make the right choices for the future is what I do best. I work independently, efficiently and my approach is always personal with a focus on success.

14 Google reviews
4.4/5

FAQ - Expat mortgage knowledgebase

An ‘Expat hypotheek’ is a Dutch mortgage for expats. Everyone with a salary can get a Dutch mortgage. However, for an expat, additional rules are applicable. An expat mortgage is an option if you regularly stay in the Netherlands (Pied à Terre). Also if you are moving (back) to the Netherlands in the short term. Or if you want to rent out a purchased property (let to buy ).

“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.”

“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.”

“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.”

“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.”

“Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.”

This website uses cookies to ensure you get the best experience on our website.