Essential Documents for Expats Applying for a Mortgage

As an expat, navigating the process of applying for a mortgage can seem daunting. However, with the right information and the necessary documents at hand, you can streamline the process and make your dream of owning a home a reality. In this article, we will guide you through the various phases of the mortgage process and highlight the documents required at each stage.

Orientation and Assessment

During this initial phase, you will meet with a mortgage advisor to discuss your goals and objectives. The advisor will provide information on different mortgage options and address any queries you may have. To proceed, you will need to provide the following documents:

• Valid identification document (passport or ID card).
• Residence Permit (if applicable): If you are a non EU-citizen, you will need to provide a valid residence permit.
• Existing Mortgage Details (if applicable): Information on your current mortgage (lender, loan amount, outstanding balance, start date).
• If you are employed, provide your most recent payslip (not older than 3 months) and optionally, a completed employer’s statement (not mandatory) obtained from your employer (not older than 3 months).
• Self-Employed Individuals: Complete financial statements for your business(es) for the past three years and the complete income tax returns for the past three years. If you are a director of a company, include your latest payslip and annual statement.
• Age 57 or Older: In addition to your current income information (employment or self-employment), provide your pension details, such as a summary from ‘mijn pensioenoverzicht.nl.’
• Spousal Alimony (if applicable): Details of any spousal alimony received or paid (if applicable).
• Existing Loans: The latest statement for any personal loans or revolving credit facilities.

Mortgage Advice

Once you have reached an agreement with the seller on your desired property, the mortgage advice phase begins. In collaboration with your mortgage advisor, you will develop a personalized financing plan, followed by the application for a mortgage offer. In addition to the documents provided in Phase 1, you will also need to submit the following:

• Marital Status Documentation: Marriage certificate and/or prenuptial agreement (for married couples or registered partners with an agreement), cohabitation agreement (for unmarried couples), divorce settlement, extract from the civil registry, and divorce decree (for divorced individuals).
• Proof of Funds: Documentation demonstrating sufficient personal funds to cover additional costs associated with the property purchase.
• Self-Employed Income Verification: An income statement prepared by an external party, validating your income (required for self-employed individuals).
• Signed Purchase Agreement: The fully executed purchase agreement for the property.
• Property Valuation Report: A valuation report for the property being purchased.
• Bridging Loan (if applicable): If you require a bridging loan, provide the valuation report for your current property or the municipal property valuation report (WOZ tax assessment) and an overview of the selling costs associated with your current property. If the current property is already sold, bring the sales agreement.
• Renovation Plans: Recent renovation valuation report for the new property (specifications defined by lender) and a detailed breakdown of renovation costs, such as a comprehensive quote from a contractor. If a quote is unavailable, provide a clear specification of the planned renovation.

Finalizing the Mortgage

Congratulations, your mortgage has been approved, and it’s time to visit the notary to finalize the mortgage agreement. Make sure to bring your passport for identification purposes. Additionally, a translator may be present during the meeting if needed.

Specific documents

While the above list covers the most common documents required for expats applying for a mortgage, it’s important to note that specific document requirements may vary based on individual circumstances.

Kamp and Vulhup Financial Services, your trusted partner for all your financial needs!

We specialize in mediating and advising on financial products and services, with a special focus on expats residing in the Netherlands. We understand that moving to a new country can be daunting, especially when it comes to buying a house. That’s why we offer an extensive house buying service to make the process as smooth and stress-free as possible.

At Kamp and Vulhup Financial Services, we don’t just arrange your mortgage, we take care of everything from start to finish. Our comprehensive service includes a thorough house buying service, which means we’ll arrange everything from the building inspection, valuation of the property, and even the notary appointment.

We assist with making an offer on the property and review all the information and documents related to the purchase to ensure a smooth and hassle-free transaction. We understand that buying a house is one of the biggest investments you’ll ever make, and we’re committed to ensuring you get the best deal possible.

Our clients choose us for:

• Customized and all-inclusive assistance
  We understand that every expat’s situation is unique, that’s why we offer a tailored and comprehensive assistance that addresses all your needs from the beginning to the end.
• Full-service support
  Whether you need help getting familiar with the process or assistance at the notary, we’re here to guide you every step of the way.
• Efficient communication with expat-friendly banks
  We have established relationships with banks that understand the needs of expats and are committed to providing exceptional service.
• Flexible scheduling
  We understand that expats have busy schedules, that’s why we offer flexible office hours to accommodate your needs.
• Transparent and fair pricing
  We believe in being upfront about our fees and providing a fair flat fee for our services.
• Direct client communication
  We value open communication and will keep you informed every step of the way. We’ll be in direct contact with you to discuss bidding and any other concerns you may have.
• Coordination with real estate agents
  We understand the importance of a smooth transaction and will work closely with your real estate agent to ensure everything runs smoothly.
• Building Inspection, valuation and notary
  We go the extra mile and take care of all the necessary inspections and appointments, including arranging a building inspection, property valuation and notary appointment.

Kamp and Vulhup Financial Services, your trusted partner for all your financial needs!

We specialize in mediating and advising on financial products and services, with a special focus on expats residing in the Netherlands. We understand that moving to a new country can be daunting, especially when it comes to buying a house. That’s why we offer an extensive house buying service to make the process as smooth and stress-free as possible.

At Kamp and Vulhup Financial Services, we don’t just arrange your mortgage, we take care of everything from start to finish. Our comprehensive service includes a thorough house buying service, which means we’ll arrange everything from the building inspection, valuation of the property, and even the notary appointment.

We assist with making an offer on the property and review all the information and documents related to the purchase to ensure a smooth and hassle-free transaction. We understand that buying a house is one of the biggest investments you’ll ever make, and we’re committed to ensuring you get the best deal possible.

Our clients choose us for:

• Customized and all-inclusive assistance
  We understand that every expat’s situation is unique, that’s why we offer a tailored and comprehensive assistance that addresses all your needs from the beginning to the end.
• Full-service support
  Whether you need help getting familiar with the process or assistance at the notary, we’re here to guide you every step of the way.
• Efficient communication with expat-friendly banks
  We have established relationships with banks that understand the needs of expats and are committed to providing exceptional service.
• Flexible scheduling
  We understand that expats have busy schedules, that’s why we offer flexible office hours to accommodate your needs.
• Transparent and fair pricing
  We believe in being upfront about our fees and providing a fair flat fee for our services.
• Direct client communication
  We value open communication and will keep you informed every step of the way. We’ll be in direct contact with you to discuss bidding and any other concerns you may have.
• Coordination with real estate agents
  We understand the importance of a smooth transaction and will work closely with your real estate agent to ensure everything runs smoothly.
• Building Inspection, valuation and notary
  We go the extra mile and take care of all the necessary inspections and appointments, including arranging a building inspection, property valuation and notary appointment.

Expert Expat Mortgages Service – Schedule Your Consultation Today”

Ready to take the next step and learn more about our expert expat mortgages service? Looking to schedule a consultation? Our team is here to help! Don’t hesitate to contact us for more information or to schedule your appointment today.