New conditions and standards for NHG in 2020

17 december 2019

If you take out a mortgage with NHG (National Mortgage Guarantee) you can be sure that your mortgage will match your income. This is because your mortgage meets the standards for responsible loans set by the Nibud (National Institute for Budget Information). This way, you can be sure that you will never borrow too much and that, in addition to your monthly living expenses, you will have enough money left over for other expenses, such as shopping, insurance and saving. As of 2020, new conditions and standards will apply to the acquisition of NHG.  

Cost limit rise 

Accessibility is very important to NHG. They want to keep the guarantee fee as low as possible, but as high as necessary. The guarantee commission for 2020 has been set at 0.7%. This will ensure the fund will stay financially healthy now and in the future. The cost limit will rise to € 310,000, or € 328,600 if you invest in energy-saving measures.  

Cost limit versus loan limit 

The cost limit for the purchase of a home will also apply to refinancing. This was done to create more uniformity within the conditions and standards. It is no longer possible to transfer a loan from non-NHG to NHG if the property value exceeds the cost limit.  

In addition, it is no longer obligatory to co-finance the additional costs in the event of refinancing. It is permitted to pay these with your personal resources so that the cost limit can be used in full for the outstanding loan.  

Contact us for help 

These are the most important changes that will take place at the turn of the year. If you are looking for a house and want to know how these new regulations will affect you, Pit makelaars can help you out. Let us know and we are glad to be of assistance!