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Mortgages in the Netherlands

Is it possible to get a mortgage in the Netherlands? Get the right advice on Dutch mortgages here.

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By Pete Mugleston  | Mortgage Advisor Pete has been a mortgage advisor for over 10 years, and is regularly cited in both trade and national press.

Updated: 4th July 2019 *

Buying a property in the Netherlands is something that many people are interested in. That’s particularly true for expats, who, after finding a job there, enjoy the lifestyle so much they wish to move there for a few years, at least.

Because of this and other individual factors, we get a lot of enquiries from people interested in buying a property and getting a mortgage in Holland. The good news is that it is possible to get a mortgage in the Netherlands. However, in most cases, that’s only an option for people living there, working there and paying their taxes in Holland.

In this article we’ll cover:

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Can I get a non-resident mortgage in the Netherlands?

Yes, this could be possible, although there are restrictions on non-residents buying property in Holland.  

We work with expert overseas brokers who can help you find specialist lenders who are willing to offer Dutch mortgages for non-residents in certain circumstances, whether that means going through a UK-based mortgage provider that lends internationally or lender based in Holland that would be willing to consider your application.

Make an enquiry for mortgage advice from an expert on the Netherlands market or read on for more information.

How mortgages work in the Netherlands

The Dutch mortgage market works in a similar way to those in the UK and other European countries. Residents are able to buy a property, with a mortgage that they repay at a fixed or fluctuating interest rate. Mortgages in the Netherlands are typically agreed over a 30 year term and there are additional costs associated with buying a home and arranging a mortgage.

In Holland, the process of arranging a mortgage can only begin once an offer on the property you wish to buy has been accepted. However, it’s important to have an idea of the mortgages available to you, before making that offer.

As a home-buyer of a property in Holland with a mortgage, you can either arrange the mortgage directly with a lender, or, with a broker. For expats buying abroad, it makes sense to speak with an English speaking, registered mortgage broker who has expert knowledge of the Dutch mortgage market. Get in touch with our team and we can refer you to advisers experienced at arranging mortgages in Holland.

What types of mortgage are there in the Netherlands?

There are two main types of mortgages in Holland:

  • Linear mortgages.
  • Annuity mortgages.

Linear mortgages

A linear mortgage is where the borrower pays a fixed amount off each month that includes the interest and a portion of the capital borrowed, like a standard UK mortgage loan. The amount is typically fixed for the entire term of the mortgage, although it is possible to agree different periods of fixed term interest rates.

Annuity mortgages

For those interested in an annuity mortgage, it works with the borrower repaying a fixed amount of capital each month and a varying amount of interest. With an annuity mortgage, the repayment amount goes down over the course of the loan period.

Do I need a deposit to get a Dutch mortgage?

While 100% mortgages are common in Holland, even if you secure one it’s important to know you’ll still need to spend some of your own money, in relation to the transaction.

Additional Dutch mortgage costs include:

  • A valuation fee, currently around €300-€500.
  • Mortgage advisor or broker’s fee, which can be anywhere from €1,500-€3,000.
  • Other administrative charges for additional products, such as life insurance, which starts from around €150 per person.
  • Notaries charge, a notary is required to witness signatures on documents to make them legal and is currently around €1,500.

Buying a property in Holland at the time of writing will incur total costs of between €3,500-€6,000.

How to get a mortgage in the Netherlands

The mortgage process in the Netherlands differs depending on whether you are a Dutch resident or a property buyer looking for a mortgage for foreigners in the Netherlands.

Getting a mortgage as a non-Dutch national

For non-Dutch nationals and expats moving to Holland, arranging a mortgage through a British-based mortgage expert, with in-depth knowledge and experience of arranging mortgages in the Netherlands can often be the best option.

At Online Mortgage Advisor, the mortgage expert advisors we work with will have the precise knowledge and experience you need for your specific situation. Get in touch today and we’ll ensure you get the right advice from a mortgage advisor with proven experience in the Dutch mortgage market.

Getting a mortgage in the Netherlands as a Dutch resident

The home-buying and mortgage market in Holland works as follows:

  • A Dutch resident finds a property they would like to buy.
  • Based on initial mortgage research or advice, they make an offer on that property.
  • Once the offer is accepted, the buyer then works with a mortgage broker or lender to arrange their mortgage.
  • They ensure all their paperwork and finances are in order.
  • The buyer engages a qualified solicitor/conveyancer.
  • A mortgage broker or mortgage lender is then contacted.
  • The buyer confirms their offer, based on the maximum mortgage they can/are willing to agree.
  • The deposit is paid, the legal work and mortgage arrangement are paid for the transaction goes ahead.
  • The mortgage deed and completion of the transaction are signed in front of a notary.

Mortgage rates in the Netherlands

When you buy a property in Holland with a mortgage, the interest rate available to you will depend on factors including the size of your deposit and the term length you’re planning to fix your mortgage interest rate for.

Factors which affect the interest rate you end up on include...

  • Deposit size: The more you’re able to put down, the better. Those who take out a 100% mortgage usually end up with high interest rates.

  • Credit rating: Having clean credit will usually help convince the lender to offer more favourable rates on a Dutch mortgage, but the advisors we work with have access to specialist lenders who cater for customers with various credit issues.

  • Employment status: A specialist lender might be required if you're looking for a self-employed mortgage in the Netherland. Some mortgage providers charge higher interest rates if you’re self-employed while others expect you to have been working in that capacity for a set number of years.

How do I compare mortgage interest rates in the Netherlands?

The Holland mortgage advisors we work with can compare Dutch mortgage rates for you. In fact, using a whole-of-market broker is the best way to ensure you end up with the most favourable interest rates around, as you will have access to all of the deals you qualify for.

To get the ball rolling on your application, make an enquiry.

How much mortgage can I afford in the Netherlands?

As in other European countries, mortgage affordability in the Netherlands is based on a number of details of your personal circumstances. Working out how much of a mortgage you can get in the Netherlands is often done on a first meeting with a mortgage advisor.

Online Mortgage Advisor can put you in touch with a mortgage advisor who has experience handling Dutch mortgages and would discuss topics like mortgage affordability for a mortgage in Holland with you.

When working out a possible maximum mortgage and how much you can borrow in the Netherlands, a basic assessment would be between three and five times your annual income. More details would be needed to reach a definite figure, but this can give you an idea of the maximum mortgage you can get in Holland.

Should I use a Dutch mortgage calculator to work out how much I can borrow?

Netherlands mortgage calculator tools are available on lenders’ websites and other financial hubs but keep in mind that they will only give you a rough idea of how much you can borrow and what your repayments might be. For bespoke and accurate calculations, make an enquiry.

Can I get a buy-to-Let mortgage (BTL) in the Netherlands.

It is possible to secure a buy-to-let mortgage in Holland, but the interest rates associated with them are considerably higher than for a residential one.

Speaking with an expert mortgage advisor with that experience, however, is a sensible option so you understand exactly what kind of interest rates to expect and any other important, relevant details.  

Can I get a holiday home in the Netherlands?

While it’s typically only possible to buy a home in Holland if you are a resident in the country, when it comes to a holiday home, people who don’t live there can still do so.

There are certain criteria to meet, including how often you can stay in that property. However, with the right advice, buying a Dutch holiday home is an option for those who are interested.

Can I get a commercial mortgage in the Netherlands?

This may be possible as the expert brokers we work with have access to commercial lenders who consider overseas mortgage applications. Commercial mortgages are assessed and work differently to residential mortgages and applications are usually weighed and measured on a case-by-case basis.

You can read more in our guide to commercial mortgages.

Dutch mortgage FAQs

Here, you’ll find the answers to some of the questions we hear most often from customers who are hoping to take out a mortgage to buy a property in the Netherlands.

Can contractors get a mortgage in the Netherlands?

Mortgages for contractors are available in the Netherlands. Self-employed workers are able to get a mortgage in the Netherlands. It’s easier to secure a mortgage there, regardless of your employment status, if you live and work in Holland.

Can I get a mortgage in Holland if I’m working on a temporary contract?

A Dutch mortgage may be available for workers on a temporary contract. We will put you in touch with an expert who will find the right deal if you’re looking for a mortgage in the Netherlands while working on a temporary contract.

Can I get mortgage interest tax relief in the Netherlands?

It may be possible to get interest tax relief in the Netherlands, there are criteria that must be met and will depend on your own individual tax circumstances. You'll need to speak with a tax advisor to find out for certain.

Interest relief

This is the same as above in the Netherlands

Can I get a mortgage for a second home in the Netherlands?

Yes, you can get a mortgage for a second home Netherlands.

Can I get a second mortgage on my home in Holland?

Yes, it is possible to get a second mortgage on your home in the Netherlands.

Do I need to take out life insurance when I get a Dutch mortgage?

For some mortgage lenders it is a requirement that you take out life insurance when you buy a home in the Netherlands.

Can a non-resident get a Dutch mortgage?

Not usually, as mortgage rules in Holland typically require anyone buying a property there to be a resident and pay tax in Holland. However, there are exceptions including for holiday homes. Speak to a Dutch mortgage expert to find out more about mortgage in Holland. Make an enquiry and we’ll put you in touch with a Dutch mortgage expert.

Can expats get a mortgage in the Netherlands?

Yes, if you live in Holland, regardless of whether or not you were born there, if you have the correct residents paperwork then expats can get a mortgage in the Netherlands.

Can I get a Dutch mortgage even if I have credit issues?

Yes. As with other countries, the more credit problems you’ve had, the fewer mortgage options available to you and the higher the costs associated with those mortgages. However, a mortgage advisor with experience in Dutch mortgages will be equipped to secure a mortgage for you, regardless of your previous credit history.

Can I keep my Dutch mortgage if I move abroad?

If you move away for a period of time for work reasons, you can keep your Dutch mortgage . If, however, you leave the country permanently, it’s unlikely you will be able to keep your residential mortgage.

Speak to Holland mortgage advisors today

If you have questions about getting a mortgage in the Netherlands and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an enquiry.

Then sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances. We don’t charge a fee and there’s absolutely no obligation or marks on your credit rating.

Updated: 4th July 2019
OnlineMortgageAdvisor 2019 ©

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The info on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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