If your current employer sends you abroad for a pre-determined period (1-3 years, depending on the bank), you can request your mortgage bank permission to rent out the property for that term. In any other situation, you would have to refinance the mortgage to an investment one. For more information, read our blog: renting your home without a permission.
There is no way around the applicable laws. You can adjust your parameters of your future investment. Either you change location to an area where there are no/more flexible restrictions, or you increase your budget for the area you are originally interested in (if financially possible).
You need to meet purchase protection requirements based on the WOZ value. Check WOZ values here: Purchase protection law
Not all Dutch banks offer buy-to-let mortgages, and not all work directly with clients. Top buy-to-let lenders are NIBC, Nationale Nederlanden, or Dynamic Credit. All banks have different terms, conditions and requirements. Contact us for more information on your best mortgage options.
Yes, banks allow you to refinance. Depending on the specific situation, the bank might charge a penalty when breaking the contract during your interest-fixed period. Feel free to contact us to learn more about refinancing and if the penalty applies to you.
Yes. There is no tax benefit on buy-to-let mortgages.
No, you need not pay transfer tax when refinancing a mortgage.
This depends on the municipality you buy the property in. For more information, check the property protection act per municipality: Purchase protection law
There is no percentage of downpayment as the majority of the costs are fixed (apart from the transfer tax and in some cases the real estate agent). For a residential mortgage, check the calculator on our website:https://mistermortgage.nl/calculate-closing-fees-netherlands/. An estimate for a buy-to-let property ca. 43%This also depends on your personal financial situation.
Banks do not have a waiting time to refinance your mortgage. It depends on the investment mortgage bank, but yes there are options to take out equity from the house in the refinancing.
It all depends on if your parentship is registered. Contact us for more information.
When investing in real estate you want your investment to create a profit/yield. Therefore we consider the tax rules and regulations in our calculations, including the capital tax and other costs involved in investing in real estate on the short and long term.
There are no concrete plans to increase taxes on rental properties specifically at this time. New rulings that have an impact on the calculations will be considered in our calculations.
Both these requirements apply. Following you will find the link to the website of the Utrecht purchase protection law. https://www.utrecht.nl/wonen-en-leven/wonen/
The interest rates have indeed increased from March 2022 till January 2023. Lately, we see a graduate decrease in interest rates to a more balanced rate at this time. We keep a close eye on the interest rates and their progression and include this in our calculations and advise you when you consider investing in Dutch real estate.
If you buy a property of over € 440.000, you pay transfer tax of 2%. If you buy below € 440.000, you are under 35 years old and have not benefitted from the ruling before, you don’t need to pay 2%. For more information, check: Transfer tax changes in the Netherlands