Expat mortgages and insurances Eindhoven

Helping you navigate the dutch mortgage web

You are a non-Dutch resident and you like it so much here that you want to buy a house? No problem, Van den Boer en Roggen Financieel Advies is specialised in assisting expats with obtaining mortgages and insurances! We can show you all possibilities and give you expert advice based on your personal situation. We have a thorough knowledge of all financial rules and regulations for expats. Furthermore our fees are very agreeable! Our office can be reached easily, has its own parking space and is situated within 5 min. of the High Tech Campus. Below we have made a guideline for expats who want to buy a house

When you intend to buy a house in the Netherlands you need to apply for a mortgage. The current housing market and the Dutch rules and legislation make it rather difficult to find the right house and to apply for a mortgage. This guideline is especially made for expats to help them with that! Eindhoven is one of the major cities in the Netherlands where one of the most important economic sectors of the country is situated. The Brainport Eindhoven region is one of the three main drivers of the Dutch economy and is best known for its many innovative companies. Because of this, Eindhoven attracts a lot of knowledge workers from other countries. The Brainport region is a very pleasant place to live and offers a great variety of cultural, leisure and outdoor activities. One of the most popular residential areas for expats is Meerhoven. It is ideal for families with younger children and it is in close proximity to Eindhoven Airport.

Because the rents in Eindhoven are incredibly high, more and more expats choose to buy a home. But applying for a mortgage can be quite challenging when you don’t speak the native language. Most banks communicate mainly in Dutch and due to a lack of clarity important information can get lost in translation.Besides this, the housing market in the Netherlands is what they call “overstressed”. Especially in major cities like Eindhoven where the demand for housing exceeds the supply. When you look on Funda.nl (the main housing platform in the Netherlands) most houses are marked either as “sold” or “sold under reservation”. So when you finally found a house you like, the chances are that it is sold before you know it.

If you are thinking about buying a property as an expat, you will want to make sure you are able to apply for a Dutch mortgage. There are no formal restrictions for non-Dutch citizens to buy a Dutch property or apply for a mortgage. However, there are certain situations in which the mortgage provider may want to investigate your personal circumstances to investigate whether they will be at risk. Such as:
- If you are relatively new to a job
- You are relatively new to an area
- If you are self-employed
- If you have a low income
- If you have a non-EU nationality

Every bank has different requirements but as a rule, if you’re from the EU, they will probably expect you to have:
- a valid passport
- have lived in the Netherlands for at least six months
- have a citizen service number (BSN) and
- have permanent employment in the Netherlands.

You want to buy a home as an expat? Follow these steps:

Step 1: Prepare
Before you start searching for a house on Google or Funda you first want to know what your budget is. The amount of money you can borrow from a bank is dependent on your fixed income and savings/loans you have. There are two ways to calculate your maximum mortgage:

1. Use our online tool to calculate your maximum mortgage and monthly expenses (under ‘online berekenen’). Note that the calculation tool is merely a way to get an idea of your possibilities and does in no way guarantee that you can borrow the money.

2. Let our experts help you. The best way to get a good impression of your maximum mortgage is to plan a meeting with one of our independent mortgage advisors. A first appointment is always free and they can tell you everything you need to know about getting a mortgage in the Netherlands. They will look at your entire financial situation and tell you precisely how much money you can borrow. There are many banks that will give you free advice, but be aware that their mortgage might not be the most advantageous for you.

You only have to formally arrange the mortgage once you have made an offer on a property and the offer has been accepted by the vendor. But it is much smarter to start your search by making an appointment with one of our mortgage advisors. Please feel free to contact our office at phone number (040)2569390, email to info@vdbr.nl or fill out the contact form on this website.

Step 2: Search
Once you know what you can borrow from a bank, it is time to look for your dream house. You can always try Google, but most Dutch people find their new home on housing platform Funda. There are also specialised purchase brokers that help you find the right home and organise special tours for expats where they visit several houses in one day.

Step 3: Make a bid
Found what you were looking for? Then the most nerve wrecking part of the process starts. It’s negotiation time and you now have to formally bring out your bid. You can offer below the asking price, but keep in mind that a lot of people want to buy a house in Eindhoven and if your bid is too low the seller will simply decline the offer and wait for someone else. Especially in this difficult housing market it is best to call in the help of a professional that can advise you on the right strategy and can even help you bring out a formal offer. Part of our purchase guidance service is helping you during the negotiation process and protect you against any legal inconveniences that you may not be aware of. And the best thing yet, when your bid gets accepted we can immediately start the mortgage application process. This way you will know as quickly as possible whether the house is really yours!

Step 4: Apply for a mortgage
Your bid got accepted? Great! Now there is only one hurdle left to take: the mortgage. It is important to act quickly and start your application process as soon as possible. Because there might be a chance that your application won’t be accepted the first time and you don’t want to miss your financing deadline and risk losing the property. A personal mortgage advisor can relieve you of all your stress. Because he takes care of everything  and knows exactly what is needed to get a mortgage approved quickly.

Have you already bought a house and need a mortgage? Contact our office so we can start the process quickly and help you find the mortgage that best fits your situation.

Step 5: Sign with a notary
When everything is arranged the only thing left to do is sign the deed of delivery and mortgage certificate at the notary. There are a lot of different notary offices all with different costs. The very cheapest can sometimes best be avoided, but you also don’t have to break the bank. Give us a call or send us a message if you want some free advice on the right notary office in Eindhoven.

Hopefully we have given you some insights in how you can buy a house in the Netherlands. If you have any questions or would like us to help you during the whole process? Please do not hesitate to drop us a message or give us a call. We are here to help and to get you started we offer everyone a free first appointment!

 

Contact

Van den Boer en Roggen

Aalsterweg 191

5644 RA Eindhoven

Tel. 040 - 256 93 90

Email info@vdbr.nl