Refinance to keep-to-let

Imagine you bought a property with a mortgage a while ago. Now, things have changed – maybe you're moving or planning to live with your partner – and you'd rather not sell the property. Instead, you want to rent it out. For this reason, you need to refinance your residential mortgage to a buy-to-let mortgage. Our team excels in concurrently applying for both mortgages, simplifying the process for you

Contact our mortgage specialists

The main question remains: how can you finance two homes simultaneously?

You need a financial specialist to examine your situation and determine whether you can afford houses. Your mortgage specialist helps you to determine the budget to afford two homes.

If you want to rent a home, you must consider many details, such as (additional) homeowners insurance, power bills, property taxes, and other costs of owning a second house.

How to arrange a second mortgage? 

There are two possible scenarios in this case:

  • Stay with the same mortgage lender
    You might be able to transfer your current house loan to a new property in the Netherlands, keeping the same terms and interest rates.

  • Move on to a new mortgage lender
    There is always an option to find a new mortgage lender with more favorable conditions, for example, lower interest rates.

Do you need help with refinancing your current mortgage to keep to let?

Schedule a free introduction call with our mortgage specialist to learn about your mortgage options in the Netherlands.

  • Access to a trusted network.

  • Highly competitive rates and flexible terms.

  • Guidance through the entire mortgage process.

  • English translations of bank documents are shared.

What is keep to let?

A "keep-to-let" occurs when two people buy a new property but decide to keep their old one as an investment, renting it out instead of selling it immediately. This trend is becoming increasingly popular among private homebuyers in the Netherlands.

Can I rent my home in the Netherlands if I have a mortgage?

You are not allowed to rent a house without a residential mortgage. It's essential to note that renting out your home is prohibited unless your mortgage lender grants permission for a limited rental time. When purchasing a property, you enter a legally binding agreement with your mortgage lender. Most mortgage agreements include a "rental clause," prohibiting renting out without the bank's written consent, which will be considered subletting.

Can I buy a house and rent it out immediately in the Netherlands?
  • If you buy a home to live in with a residential mortgage, you are not allowed to rent it unless you obtain permission from your lender or switch your mortgage product from residential to buy-to-let.

  • If you buy a property for rental purposes with a buy-to-let mortgage (or, in other words, an investment mortgage), you are allowed to rent your home immediately.

  • In both cases, you must meet certain requirements: switch your residential mortgage to a buy-to-let mortgage, comply with the Purchase Protection Act, and ensure that the property meets the necessary standards for rental properties.

  • For further details, don't hesitate to contact our mortgage specialist. We're pleased to investigate your individual circumstances, as each case varies.

What are the keep-to-let mortgage interest rates in the Netherlands?

In the Netherlands, the investment mortgages are 0,5%-1% higher than interest rates for residential mortgages.

How can I switch my mortgage to a buy-to-let mortgage?

To convert your residential mortgage to a buy-to-let mortgage, you need to switch your mortgage to a buy-to-let product. Not all banks in the Netherlands offer investment mortgages. For this reason, our mortgage specialist assists you in refinancing your residential mortgage and finding the best mortgage solution for your situation. We assess your situation and offer guidance on the necessary steps and associated terms and conditions involved in the process.

Can my mortgage lender permit me to rent my home with a residential mortgage?

Yes, and you should always ask fo permission before renting your property. You may ask for permission if:

  • Your job relocates you abroad for a fixed term, up to two years.

  • Rent from tenants covers your mortgage.

  • You plan to move but can't sell due to limited buyers, so you rent to prevent leaving the house vacant.

Note that persuading the bank about selling difficulties in the current market can be challenging. Your mortgage lender can grant written permission to rent your home for up to 24 months, subject to your mortgage terms. Remember, a mortgage broker may expedite the consent process. Renting out your property without your lender's approval can violate your mortgage terms, leading to penalties, repayment demands, rejection by the lender, and potential foreclosure.

Meet the team
Sezer Yilmaz
Egle Kemezyte
Growth Marketer
Robin Uijtdehaage
Client Director & Financial Specialist
Lisa Grondsma
Financial Specialist