12 september 2019
Buying a house in the Netherlands might not be not like anything you may know from buying a house in another country. We have collected a few answers to questions you might be struggling with in this FAQ.
Because it is the most beautiful country in the world! In all seriousness, you have real ownership when you buy a house – you are in full control of renovations and decoration changes. A house can be a smart investment with tax benefits and other financial incentives.
Yes. There are no restrictions on who may buy a house in the Netherlands.
There are a lot of questions you should be asking yourself before buying a house. We collected those in this blog.
Yes, you can. Mortgages are capped at 100% of the property value, but you need to take into account additional costs.
After your offer is accepted, you can apply for a mortgage. When preparing your mortgage application the mortgage advisor will need the following information from you:
Both buyer and seller sign a residential property sales contract. As per the Dutch law, a notary (‘notaris’) handles the transfer and registers the property transfer at the land registry office (‘kadaster’) to complete the process.
As a rule of thumb, the buyer’s costs usually amount to around 6% of the purchase price for the immovable property. As a buyer you will have to pay property transfer tax (‘overdrachtsbelasting’; 2%), notary costs (approximately € 1500) and costs for a translator (approximately € 300).
Yes. There is a cooling down period of three days (‘bedenktijd’) in which the buyer can legally cancel the agreement. Most contracts also contain a clause in which the buyer can withdraw should they be unable to secure a mortgage.
Yes, you can! In the Netherlands paid interest regarding the mortgage of your main residence is still tax-deductible for a maximum of 30 years (Tax Box 1). Main requirement: the mortgage is a capital repayment mortgage.