In the Netherlands, only a notary can transfer home ownership. One of the main responsibilities of a notary is to prepare two documents: the deed of delivery (property transfer deed) and the mortgage deed, which are required when purchasing a house with a mortgage. The notary starts preparing documents as soon as the purchase agreement is signed after the bid is accepted.
The deed of transfer officially records the transfer of house and land ownership from the seller to the buyer.
The mortgage deed finalizes the mortgage agreement, stating that your new home is collateral for the loan. This document must be signed by you, the mortgage provider (with the notary signing on their behalf), and the notary. The notary then registers the mortgage deed and transfers the deed to the Land Registry.
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The notary prepares, validates, and signs key documents such as the deed of transfer and mortgage deeds.
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Ensures these documents align with the terms outlined in the purchase agreement and rectifies any discrepancies if necessary.
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Performs detailed background checks on the buyer and the seller to verify their identities and financial capabilities.
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Confirms that the seller is the property's true owner and has the legal right to sell it.
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Notaries handle finances during the property transaction.
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After confirmation, the notary releases the funds to the seller and informs the Land Registry to update the ownership records by registering the mortgage and property.
When buying a house, the notary charges for several items, including the preparation of mortgage and transfer deeds, registration fees for recording these deeds in the Land Registry, research costs, and VAT.
On average, purchasing a house involves spending approximately €1,000 to €2,000 on notary fees.
It's important to note that notary fees, particularly those related to the mortgage deed, can be partially deducted from taxes. However, costs associated with the deed of sale cannot be deducted.
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Asking for referrals can give the best results. Your mortgage advisor can often recommend a notary from their network.
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Contact a few notaries to get a quote and to check which communication style works best for you.
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Choosing a nearby notary can be helpful for multiple visits, such as discussing purchase details or preparing legal documents like a cohabitation agreement.
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You can choose the notary for your property transfer as a buyer.
If buying a property with a partner, consider creating a will or a cohabitation contract. Notaries can arrange these documents and your mortgage and transfer deed based on your specific situation.
Schedule a free introductory call with our mortgage specialist to understand your mortgage options and get assistance at every step.
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