We hope that 2017 was a good year for you. Both in the health field and in the financial field! Maybe you plan to change houses in 2018. Or to buy a home for the first time. In the mortgage loan field, things will change for you from 2018 onwards. In this blog we inform you about the 5 biggest changes. Read it carefully, so that you can make the best choices again in 2018 and the new year starts!
Maximum mortgage loan from 101% to 100%
If you want to change houses in 2018 and apply for a new mortgage loan, or buy a house for the first time, you have to bring in your own money. The maximum mortgage loan is from 2018 only 100% of the value of the home. You can therefore only borrow that amount that the property is worth. All additional costs are for your account. For example, you must pay the KK (Buyer’s Cost) from your own pocket. You also have to pay the costs for refurbishing the home yourself. You can not let that finance you.
Borrow more money with National mortgage loan Guarantee
Close a mortgage loan with NHG (National mortgage loan Guarantee). You benefit with just such benefits. A small disadvantage is that you have to pay a one-off 1.0 percent of the mortgage loan amount of an NHG mortgage loan at the time of closing. In addition, you may borrow up to a maximum amount of € 265,000 in 2018. With an NHG mortgage loan, you are 100% sure that the mortgage loan amount matches your income. And if you are left with a residual debt in the future, that amount will be waived. In addition, banks usually give a discount on mortgage loan interest when they have a mortgage loan with NHG.
Change mortgage loan interest deduction 2018
Another change in the mortgage loan area is the reduction of the mortgage loan interest deduction . at the moment the mortgage loan interest relief is still 50%. This is reduced to 49.5% in 2018. But you will probably not notice much of this. Only the higher incomes (more than € 68,507 p / y) will notice it. The people in that higher tax bracket are compensated. You can read more about this below.
Less notional rental value
For some people, the housing costs will rise from 2018. For example, the mortgage loan interest deduction will be reduced. The Dutch cabinet has decided to lower the notional rental value to 0.60%. The reduction of this tax on the ownership of an owner-occupied home was created primarily to compensate the higher incomes.
Maximum mortgage loan up for two-income households
You have read that the changes in the mortgage loan area in 2018 will not be equally favorable for everyone. Yet there is something positive to report to two-income households. They can borrow extra money for a house from 2018 onwards. The second income (that is the lowest income) is taken into account for 70% of the mortgage loan application.