1 January 2022
Impact of leasing a car in the Netherlands
Lisa Grondsma
Financial Specialist

When you lease cars, it can affect how much money you can get for a mortgage. This happens because the people who lend you money for a house look at all the money you owe each month.

If you're spending a lot on car leases, it might mean you have less money available for a mortgage. So, it's important to think about your car expenses when you're figuring out how much you can afford for a home loan.

Does leasing a car can affect my mortgage?

Yes, a leased car will impact your mortgage in the Netherlands.

It’s hard to make the right decision when it comes to your first property in the Netherlands. The personal financial situation, for example, credits, credit card scores, or leasing a car, can have an impact on your mortgage. The mortgage rules have a significant effect on your mortgage.  Bureau Krediet Registratie (BKR ) holds all the data about the credits in the Netherlands.

The BKR is the Dutch Credit Registration Office. The registration ensures that lenders see whether you already have or have loans. Besides, any financial problems are also registered by BKR in the Netherlands.

BKR Registration

Banks and lenders want to know if you have borrowed money elsewhere. In this case, they wish to check if you had or have payment problems. A BKR will assess your situation only if you allow the lender to access the information. When signing a mortgage offer in the Netherlands, for example, the lender will specifically ask for permission.

BKR aim is to:
1. limit and prevent credit and payment risks for financial institutions in the Netherlands.
2. prevent the overextension of credits.
3. prevent problematic debt situations.

Which credits does BKR register?

1. Different types of consumer loans.
2. Credit cards with a monthly instalment.
3. Buying in monthly instalments (this also applies to mobile phones).
4. Customer card limits.
5. Limits on debit cards.
6. Mortgage payment arrears of more than 120 days.
7. Residual debts from a mortgage.
8. Private lease contracts.

Every credit impacts your Loan-to-Income. If you’re leasing a car, the loan can influence the amount of money you are planning to borrow for your new house. Are you planning to lease a car or take a different type of credit? Contact us to get personalized advice. We can help you weigh your options. Feel free to schedule a free call to get customized advice.

BKR registration and the GDPR

The general data protection regulation (GDPR) is applicable from 25 May 2018. The BKR decided that consumers can request their personal data once a year for free to see what’s registered.

How does it work?

You request your personal data through the website of BKR (Dutch). It takes 28 days before you receive your personal data at home. If you want to receive a digital version or receive your data faster, you opt for a paid version. You request your data free of charge once a year. Contact us for help with their way of working. Contact us to receive a pre-approval on your financial possibilities to buy a home.

Do you have plans to lease a car and take out a mortgage?
Schedule a free call with us
Meet the team
Sezer Yilmaz
Egle Kemezyte
Growth Marketer
Robin Uijtdehaage
Client Director & Financial Specialist
Lisa Grondsma
Financial Specialist