Moving homes

Egle Kemezyte
Financial Specialists 

If you are already a homeowner, then you have three options:

1. Move the terms and conditions of your current mortgage to a new home

You may have an opportunity to move your home loan to a new property in the Netherlands. There is an option to stay with the same mortgage lender. In this case, you can keep the same conditions and interest rates.

2. Take out a new mortgage

You can always sell your property, pay your debt, and take out a new mortgage. If your financial situation has remained the same or improved, it will be easier to get approval for a new mortgage.

If your house’s value increased in the last couple of last years, you have more equity now. As soon as you sell your home, you will earn money from it, which can be used for a new mortgage

3. Move to a new home and keep your current property

If you want to keep your current property, you could consider refinancing the current mortgage. In some cases, you may end up paying a penalty fee. The early repayment fee depends on the difference between your interest rate and the bank’s current interest rates.


Can I sell my property before the mortgage term ends? How does the process work?

Yes, you can sell your home before the mortgage term ends. The bank wants you to repay the mortgage debt without future interest payments. There is no penalty involved if you sell a property in the Netherlands.

Steps to sell the property

  1. Invite a real estate agent to learn more about the expected selling price
  2. Choose a real estate agent
  3. Decide on the selling strategy
  4. Prepare your home for the photoshoot, including the floor plan
  5. Let the real estate agent list your property
  6. Let the real estate agent handle the viewings
  7. Decide on the best offer
  8. Sign a purchase agreement with the buyer
  9. Wait on the handover date
  10. Transfer of ownership

The moment you sell the property, you visit the notary to take care of the legal deeds. They also handle the administration and registration of real estate ownership and mortgage registrations. When selling a home, the mortgage lender sends the notary a repayment invoice. If the sale’s outcome is favorable for you, so selling price minus the mortgage debt, then the notary transfers the amount to your account.