All posts by Billy Eberle

Loans to start up until 2019

Starters in the housing market can still receive a so-called start-up loan in some municipalities until 2017. This loan, actually a second mortgage, is provided by the municipality and is intended for starters who can not afford their home. A maximum of 20 percent of the purchase price can be financed with the starters loan.

If you are eligible for this loan, you do not have to pay interest and repayment for the first three years. Only after three years do you start paying off, so that you first have the opportunity to work on your career and start earning more. The costs of the first three years are a gift from the municipality: they do not have to be paid afterwards.

If after three years you do not earn enough to start paying off, for example because your salary has not risen as fast as expected, you pay what you can miss. This also only applies to the start-up loan, not for the first mortgage on your house! In addition, there are some additional costs involved in concluding the start-up loan: 1.5% closing costs, 1% bail commission and notary fees for the second mortgage (the start-up loan).

Many differences in start-up loans per municipality

Whether you qualify for a start-up loan depends on the municipality where you want to buy a house. They determine themselves whether and under what conditions they provide the loan. At this moment you can still turn to 256 of the 400 municipalities for a start-up loan. It is mainly the municipalities that want more residents who provide the loans. In Zeeland, for example, 85 percent of the municipalities provide the loan, while in the Randstad only Utrecht participates. Some municipalities work with certain postcode areas for which the loan may be applied for, or with a maximum amount that may cost your home.

In short, if you want to be eligible for the start-up loan, first inform your municipality whether they provide it and under what conditions. You still have a chance until 2017, after which the loan is probably canceled by all municipalities.

Less and less payment arrears on mortgage loans


There are fewer and fewer Dutch people with a payment arrears on their mortgage loan. In the past twelve months, the number of Dutch people with long-term payment arrears on the mortgage loan has fallen by 12 percent. The mortgage loan Barometer of Stichting BKR recently appeared. This provides insight into the trends and developments of payment arrears on Dutch mortgage loan contracts. According to the barometer, the Netherlands had almost 86,000 people with long-term arrears on their mortgage loan as of 1 April 2018. The year before, there were still 98,000.

Since 2015

That is a big difference with three years ago. In July 2015, the payment problems on the mortgage loan reached a low point. At that time, more than 113,000 Dutch people were in trouble. Stichting BKR considers the decline of 12 percent, compared to 2017, to be substantial. The end of the economic crisis and the reduced unemployment of recent years have contributed to this good development.

Government measures

The decline in the number of people with a payment arrears on the mortgage loan will continue according to the BKR. Various measures, which the government takes, have an influence on this. For example, as a buyer you still can not borrow more than the house value. In addition, it becomes less attractive to take a high mortgage loan when the mortgage loan interest deduction is reduced (accelerated).

When payment problem?

You speak of a payment problem on the mortgage loan when you are more than three months behind paying your mortgage loan. When you have paid everything again, the backlog is restored. a payment arrears naturally do not arise. You may not be able to raise the mortgage loan amount because it is too high because of the interest. Fortunately, you can lower this interest by transferring your mortgage loan through an independent mortgage loan adviser in your area. We are happy to put you in touch.


More and more offers mortgage loan without advice


Does that sound appealing? Take out a mortgage without seeking advice from a mortgage advisor? It occurs more and more often. But please note that you can choose the lowest interest rate.

According to online mortgage advisor Mortgage 24, the number of ‘do-it-yourselfers’ rose by about 50 percent in almost three years. This number includes the requests online. The Netherlands Authority for the Financial Markets (AFM) reports that around 9 percent of all home buyers now arrange the mortgage online.

Execution only

Mortgage without advice is also called execution only . Only the execution. You compose the mortgage yourself and make the application. The lender then executes your application; it checks it and prepares the mortgage offer. Then you arrange the necessary documents on time.

The government calls a mortgage a complex financial product. This means that advice is mandatory when you take out a mortgage. For people who know a lot of mortgages, an exception is made. They can take out a mortgage without advice. However, a knowledge and experience test is required beforehand. The result is not binding. If you do not pass the test, you can take out a mortgage without advice, but this is not recommended.

Consumind connects you for free with an independent mortgage advisor in your area. So you can decide for yourself if you want to use an advisor or want to get started yourself!


More and more parties offer mortgages without advice. Although not everyone is interested in it – from a previous study by De Hypotheker it appeared that young starters would prefer advice rather than wanting to organize themselves with such a large financial commitment – the attention for them has grown. This is due to the fact that mortgages are getting simpler: Nowadays you can only choose between linear or annuitant as a starter. In addition, it is more transparent now that you will see the costs for mortgage advice directly from your advisor and pay for it yourself. Earlier, you were only presented with the bank’s total account. Furthermore, it is now only possible to borrow up to 100 percent of your home value.


For a mortgage without advice, some comments can be made. You can easily save around 750 to 1000 euros. However, you have to opt for the lowest possible mortgage interest. An interest rate difference of 0.3 percent on a mortgage of 250,000 euros will cost you 750 euros in the first year. You can count if you set this interest rate for 20 years.

According to researcher MoneyView, who examined the total costs during the first full fixed-rate period (of four different cases), the cost advantage of a mortgage without advice is limited: a maximum of 384 euros difference between the cheapest mortgage without advice and one with advice. This concerns the cost advantage during the first first fixed-rate period of 10 or 20 years. The benefit at the start of the mortgage is greater. The question is whether this outweighs the knowledge and experience of a mortgage advisor. Get in touch with a mortgage advisor in your area? Consumind is happy to help you!


Stricter rules for loans

The National Institute for Budget Information (Nibud) wants stricter rules for all types of loans, including small loans. The organization thinks that when it comes to taking out a loan, it becomes clear more quickly whether people can pay the loan.

When a personal loan is taken out, a check is currently being made to check whether someone can pay the monthly costs associated with the loan. Do the costs match the income, the family composition and other payment obligations? That control, called the acceptance procedure, should also be applied to the other (and smaller) loans, according to Nibud.

Influence choice environment
Nibud researched, among other things, the acceptance procedure and the influence of the environment in which loans are offered. Furthermore, the choices and experiences of consumers who have taken out a loan were examined. The investigation shows that the structure of the lender’s website influences the loan that someone chooses. The fact that the influence of the choice environment, such as a website, has also been considered for the first time.

Better pay attention to maturity
With a personal loan (which has 5 percent of the Dutch) the term is fixed (usually 8 years with a repayment per month of 300 euros). Almost no one thinks it is a problem. 3 percent said she should not have taken out the loan. Nibud is keen to see lenders helping consumers better pay attention to the term of a loan. For example, by showing the total amount of the loan more clearly on the website. Currently, consumers pay special attention to the level of interest and the monthly amount. From May 1, 2019, stricter rules will also apply to revolving credits. For example, the carrying capacity of a loan is assessed more often and the term of a loan is limited (er).


Foreclosure of the current account on which a salary already paid by the employer is loaned

Practical example: salary net of contributions € 2500, assignment fifth € 500, loan delegation € 500, future attachment to third parties at source (employer) for ordinary debt € 500 (one fifth).

Question: using a banking cc only to support payment of salary, what could be the possible further attachment (after the payment of the salary already deducted from the fifth attached to the source) for additional ordinary debts? A fifth of the amount paid? In this case the fifth further is calculated on the net paid (so, in the example € 1000 paid) then additional foreclosure of € 200, or on the total net of the salary of € 2500, then € 500?

Article 545 of the Code of Civil Procedure provides that the sums due by way of salary, salary, other indemnities relating to the employment or employment relationship, including those due to dismissal, as well as retirement, of allowances that hold place of pension, or of retirement allowances, in the case of loaning to a bank or postal account in the name of the debtor, may be seized, for the amount exceeding three times the social allowance, when the loaning takes place prior to the attachment ; when the loaning takes place at the date of the attachment or subsequently, the aforementioned sums may be seized within the limits provided for by the third, fourth, fifth and seventh paragraphs, as well as by the special provisions of the law.

The amount of the social allowance is currently € 448.52.

Therefore, we hypothesize that in the conditions set out a first loanor has obtained the attachment of the salary and a second loanor proceeds to seize the current account where monthly a loan of one thousand euro arrives and where there is an availability of X euro.

If the notification of the attachment to the bank is subsequent to the loaning of the salary (or of what remains of it), the debtor, for what concerns the last salary loaned, must be left an amount equivalent to triple social allowance, equal to 1345.56 euros. In this specific case, therefore, X – one thousand euros may be attached.

If, on the other hand, the current account loan of the salary coincides with the notification of the attachment to the bank, the debtor subject to executive action would be entitled to maintain the availability of the entire last salary with the deduction only of the quota possibly provided in case there was a procedure for attaching the salary to the employer.

In this case, for example, if the salary has been attached to the employer for ordinary and ordinary loanor loans and also that which proceeds to the attachment of the current account, the debtor subject to executive action would be entitled to the last full salary acloaned, even if 5 thousand euros have been loaned: in fact, in the event that the loanor proceeding with the seizure of the current account had initiated a procedure to foreclose the salary with the employer, he would not have had any right whatsoever.