A mortgage for making your home more sustainable
Normally, you can get a mortgage for up to 100% of the home value. However, if you plan to make energy-saving improvements, you can borrow more, up to a maximum of 106% of the home value. When you apply for a mortgage, your income is also taken into account to determine the maximum amount you can borrow. Investing in energy-saving measures allows you to borrow more based on your income. This means you can borrow up to an additional €9,000 for energy-saving measures. If you opt for a zero-energy home, you can even borrow an additional €25,000.
Energy-saving measures and improvements include:
- Insulating the roof, facade, floors or pipes
- Installing HR++ glass
- Heat pump
- Solar panels
You can pay for the energy-saving improvements from a construction account
If you choose to finance sustainability improvements with a mortgage, the lender will provide a construction account for you. The amount of the account depends on the expected costs. You can pay for the final invoices for the improvements from the construction account.
If you don’t know which energy-saving improvements you want to make when you take out your mortgage, you can choose an energy-saving budget if you finance your home with NHG (there are also some lenders who offer this without NHG). This means you don’t have to provide a detailed list and cost overview of the improvements you plan to make. Later, you can decide what you want to do to make your home more sustainable.
Subsidies for sustainability
There are also some subsidies for making your home more sustainable, including:
- Sustainability loan from your municipality
- Energy-saving loan from the National Energy Saving Fund
- Subsidy for sustainability from the Dutch government
Making your home more sustainable with a personal loan
You can also make energy-saving improvements and finance them with a personal loan. Although the interest rate on a personal loan is higher than on a mortgage, it can still be an interesting option. The interest is tax deductible, the term of the personal loan better matches the improvement you make, and there are no costs associated with taking out a personal loan (unlike a mortgage). This is handy if you already live in a home that you want to make more sustainable (and have already taken out a mortgage for it). Of course, we are happy to calculate the different options for you.
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Do you have any questions?
Don’t hesitate to reach out to us with any questions you may have about mortgages for expats or buying a house in the Netherlands as an expat. You can contact us via our online form or reach out to David or Erik directly via Whatsapp, either way we are here to help you and answer your question as soon as possible.
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