Obtaining a Dutch mortgage

a guide to the dutch property market

How do you go about obtaining a mortgage in the Netherlands?

Applying for a mortgage in the Netherlands means that you will have to comply with the same conditions as Dutch natives. However, there are a few important items that need to be looked at when obtaining a mortgage as an expat. 

Our mortgage advisors specialize in arranging the most advantageous mortgages for expats. Whether this is your first home or you are interested in a buy-to-let mortgage, our experts know which strings to pull to make sure you get the best deal. 

How do you know if you fit the requirements to apply for a mortgage as an expat? Let’s have a look at the overview below.

obtaining a mortgage, mortgages for expats
mortgage requirements

Can I get a mortgage?

When you are thinking about buying a house in the Netherlands, the first thing you should do, is check if you’re eligible for a mortgage. How does a Dutch mortgage work and what are the special requirements for expats?

Can I get a mortgage in the Netherlands?

To be able to obtain a Dutch mortgage as an expat, you need to meet one of the following requirements:

  • You are an EU citizen, or;
  • You are a knowledge migrant, or;
  • You have a permanent residence permit, or;
  • You have substantial savings.

If you meet one of these requirements, we can almost always secure a mortgage for you.

Are there further requirements for getting a mortgage in the Netherlands?

Like everyone who wants to obtain a mortgage, you will need to have a citizen service number (BSN) which you receive from the municipality after registering. If you are no EU citizen, you will also need a residence permit. Banks or lenders can, however, set more requirements if they want to. Like a minimum time spent in the Netherlands or an income in euros. But, for most situations, we will be able to find a solution.

What factors increase the chance of getting a mortgage?

  • being a resident of the European Union
  • having a permanent employment contract
  • living in the Netherlands for at least 6 months
  • having a mortgage advisor that knows which strings to pull

Can I get a mortgage on a temporary contract?

If you don’t have a permanent employment contract, it is still possible to obtain a mortgage. You will need to get a letter of intent from your employer. This letter shows the bank or lender that if the situation remains the same, they will renew your contract. They can also indicate if they intend to give you a permanent employment contract soon to better your chances.

Can I get a mortgage if I’m self-employed?

Yes, even as a self-employed professional, you are eligible for a mortgage. However, because your yearly income fluctuates, the bank or lender will need an overview of the average income you have generated over the past few years. 

Being a self-employed professional does make the process of applying for a mortgage a little more difficult. Our advisors specialize in every type of mortgage for expats, they can help you suss out all the details and will help you obtain a beneficial mortgage. 

HOW WE WORK

Let us find the best mortgage solution for you

Applying for a mortgage can be a confusing process, since the rules are quite complicated and almost all the information is in Dutch. Our experts will help you navigate the Dutch mortgage market and know what strings to pull to help obtain the best mortgage for you. 

And all of this is possible in your own language. We make sure that there’s always an interpreter at hand during our meetings and deliver all important documents with a translated version/reading guide.

our most frequently asked questions

FAQ

A buy-to-let mortgage (= investment mortgage) works differently than a residential one. A buy-to-let mortgage is for individuals who plan to buy a home as an investment for rental. A rule of thumb is that investors can get a mortgage up to 70% loan-to-value (LtV).

Requirements:
  • You must contribute 30 % of the property price from your savings or equity from an existing property.

  • You need to be registered and live and work in the Netherlands.

  • You must pay 10.4 % of the transfer tax and other closing fees (real estate agent, valuation report, notary, interpreter, and mortgage brokerage fees).

Conditions: 
  • Suitable for long-term rent.

  • No short-term rentals, holiday homes, or Airbnb.

  • Owners of buy-to-let properties are not allowed to live in the property as residents. 

*If you plan to live in the buy-to-let property as an owner, you must refinance your mortgage to a residential mortgage.

There are no specialized expat mortgages. However, Brickle is specialized in obtaining mortgages for expats. This is our main focus. Our experts help you navigate the Dutch mortgage market and know what strings to pull to help obtain the best mortgage for you. And all of this is possible in your own language.

Learn more about how we work >

To get a clear picture of this, we have created a cost breakdown. Read all about the costs that apply for hiring a real estate agent, mortgage broker and notary on our Costs for Expats page

How much you can loan to buy a house depends on your income and the market value of the house. You can get a mortgage up to 100% of the value of the house. Be aware that your maximum mortgage can never be higher than the market value of the house, no matter the purchase price.

An example:

  • Mortgage by income: € 470.000
  • Purchase price: € 460.000
  • Market value: € 450.000
  • Maximum mortgage: € 450.000

So, after reading the information on this page, you know the basic requirements for a mortgage in the Netherlands. For more information about the Dutch housing market, it is best to schedule an appointment with one of our experts. Free of charge and without any obligations. Your personal advisor will then explain the whole process of obtaining a mortgage, while taking into account your specific needs based on your situation. 

Mortgage Broker Tim Verhallen Brickle Mortgages for expats

Are you interested in obtaining a mortgage?

Our advisors are happy to help. Schedule your first appointment without obligations to discuss your situation! 

Schedule a
free consultation

For a calculation of the exact maximum amount you can borrow, more details are needed such as age, type of employment, available own money, other financial obligations, etc. Our advisors will be happy to calculate this amount for you with the appropriate background information from you.

Please schedule a consultation for the purpose of exploring your maximum mortgage capability.

The calculation is only an initial indication of the maximum amount you could potentially borrow based on the income information you entered and a current 10-year fixed interest rate. No rights can be derived from this calculation and therefore does not constitute an offer or advice to buy or modify a product.